Polypropylene manufactured from bio-attributed
and bio-circular propylene will support growing consumer demand for
more sustainable plastics
Shell Chemicals recently started to supply Braskem
(BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX:
XBRK) with bio-attributed and bio-circular propylene feedstocks,
based on a mass balance approach and independently certified by a
third party.
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the full release here:
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Braskem will utilize bio-attributed and
bio-circular propylene feedstocks for the manufacture of
bio-attributed and bio-circular polypropylene enabling more
sustainable options for growing consumer demand in the packaging,
film, automotive, and consumer goods markets. (Photo: Business
Wire)
Braskem will utilize such feedstocks for the manufacture of
bio-attributed and bio-circular polypropylene enabling more
sustainable options for growing consumer demand in the packaging,
film, automotive, and consumer goods markets.
Mark Nikolich, Vice President of Olefins and Polyolefins,
Braskem North America stated, “Braskem is a leader in the
innovation and production of bio-based materials, and we continue
to see demand grow for more renewable solutions in our markets. In
January 2023, we communicated the evaluation of a Braskem-led
project to produce bio-based propylene in the U.S. With today’s
announcement, we will continue to focus our work on sources of
sustainable propylene, in this case, bio-attributed and
bio-circular, to support our polypropylene clients in meeting their
carbon reduction and circularity goals. This is possible because of
forward-thinking suppliers like Shell. Ultimately, we believe that
these different renewable solutions are complementary and important
steps forward as the plastics industry evolves to a more
sustainable future. We will continue to develop and provide
solutions to support our global clients in reaching their
sustainability goals.”
Shell is replacing hydrocarbon feedstock with a bio-attributed
and bio-circular feedstock in its propylene product, which has the
potential to reduce greenhouse gases and contribute to a circular
economy.
“Shell is proud to be working with Braskem to supply the
bio-attributed and bio-circular feedstocks that go into the
everyday products that support modern life. This deal further
illustrates how Shell Chemicals is growing its portfolio of
sustainable chemicals and, by using bio-attributed and bio-circular
feedstocks, Shell is progressing its strategy to lower greenhouse
gas emissions from its operations and to be a net-zero emissions
energy business by 2050,” said Sean Clarry, Shell Chemicals' Senior
Vice President Commercial.
The recent collaboration between Shell and Braskem in Europe,
aimed at enhancing the utilization of circular content in Braskem's
polypropylene production, reinforces Braskem's commitment to
achieving carbon neutrality and advancing its circular economy
goals by 2050.
Shell has also set a target to reduce absolute emissions by 50%
by 2030, compared to 2016 levels on a net basis. This covers all
emissions in Scope 1, which come directly from its operations, and
in Scope 2, from the energy Shell buys to run its operations, under
its operational control.
Mass balance is an independent
accounting process and widely used across the industry which
enables Shell to attribute bio-circular and bio-attributed content
to specific end products when produced with a mix of traditional
and novel feedstocks. The process is independently verified by a
third-party certification body.
ABOUT SHELL CHEMICALS
Shell Chemicals has been helping its customers achieve their
business goals for more than 90 years. Its five integrated Energy
and Chemical Parks combined with its Chemicals only facilities can
reliably provide custom solutions at scale around the world.
Develop your solutions together with Shell Chemicals. References to
the expressions “Shell,” “Shell’s chemicals business” or “Shell’s
chemical plants” refer to multiple companies that are part of the
Shell Group that are engaged in chemical or related businesses. For
more information, please visit www.shell.com/chemicals.
Shell Chemicals on social media:
https://www.linkedin.com/showcase/shell-chemicals/
ABOUT BRASKEM
With a strategy centered on people and sustainability, Braskem
is engaged in contributing to the value chain to strengthen the
Circular Economy. Braskem’s 8,000 team members dedicate themselves
every day to improving people's lives through sustainable solutions
in chemicals and plastics. With its corporate DNA rooted in
innovation, Braskem offers a comprehensive portfolio of plastic
resins and chemical products for diverse industries, such as food
packaging, construction, manufacturing, automotive, agribusiness,
health, and hygiene, and more. With 40 industrial units in Brazil,
the United States, Mexico, and Germany, Braskem exports its
products to clients in over 70 countries.
Braskem America is an indirect wholly owned subsidiary of
Braskem S.A. headquartered in Philadelphia. The company is the
leading producer of polypropylene in the United States, with five
production plants located in Texas, Pennsylvania, and West
Virginia, an Innovation and Technology Center in Pittsburgh, and a
New Renewable Innovation Center in Lexington, Ma. focused on
leveraging groundbreaking developments in biotechnology and
advanced materials. For more information, visit
www.braskem.com/usa, or to learn more about our products, visit
www.braskem.store/products.
Braskem on English social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
FORWARD-LOOKING STATEMENT
This press release contains projections and other
forward-looking statements (within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) regarding future
events. These statements reflect Braskem’s current beliefs and
expectations with respect to Braskem’s business, the economy and
other future conditions and are based on assumptions, are subject
to risk and uncertainties and are subject to change at any time.
Actual events or results may differ materially from those contained
in such forward-looking statements. Important factors that could
cause actual results to differ materially from the forward-looking
statements contained herein include, without limitation: (i) the
ability of feedstock suppliers to supply feedstock; (ii) the
contraction or lack of growth in the market segments in which
Braskem competes and in which its products are sold (iii)
unexpected delays or other problems in production at Shell or
Braskem facilities , (iv) increased competition from imports in the
case of Shell or Braskem or in the export markets in the case of
Braskem, (v) inability to anticipate future market trends and the
future needs of Shell, Braskem or Braskem’s customers, (vi) the
impact of natural disasters on Shell’s or Braskem’s facilities and
their respective suppliers and (vii) other factors detailed in
documents Shell and/or Braskem SA files from time to time with the
Securities and Exchange Commission. Forward-looking statements in
this release are made pursuant to the safe harbor provisions
contained in the Private Securities Litigation Reform Act of
1995.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240312774051/en/
For press information: Braskem North America Stacy Torpey
Communications Director 1 (215) 841 3194
stacy.torpey@braskem.com
Braskem (NYSE:BAK)
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