17-08-2023
Braskem and SCG Chemicals join forces to advance in the bio-based Ethylene project in Thailand
Braskem, the leading global biopolymer producer, and SCG Chemicals, a leading petrochemical company in Thailand and Southeast Asia, have signed a joint venture (JV) agreement to create Braskem Siam Company Limited. Subject to clearance from the relevant anti-trust authorities and final investment decision by the partners, this joint venture aims to produce bio-ethylene from bio-ethanol dehydration and to commercialize I'm green TM bio-based polyethylene (PE), using the EtE EverG reen TM technology. The technology results from the partnership agreement between Lummus Technology LLC and Braskem B.V. to develop and license this technology.
I'm green TM bio-based polyethylene is a plastic made from a sustainably sourced renewable raw material (ethanol from sugar cane) instead of traditional fossil feedstock (e.g., naphtha from oil). This promotes a significant reduction of the plastic's carbon footprint which helps combat Climate Change. I'm green TM bio-based polyethylene is used in a variety of products, from packaging for food and beverage to personal and home care products, toys, houseware, and plastic bags, to name a few. It can also be mechanically or chemically recycled just as regular polyethylene.
The bio-ethylene plant, that will enable the production of the I'm green TM bio-based polyethylene is the first of its kind outside of Brazil. The new plant in Thailand will almost double the existing capacity of I'm green TM bio-based polyethylene to meet the growing demand for biopolymers globally, with a focus on the fast-growing demand for sustainable products in Asia.
The combination of Braskem's bio-based plastics know-how with SCG Chemicals' position in the Asian market and expertise in PE production provides a solid business basis for the joint venture. Braskem will contribute with proven technology through its partnership with Lummus Technology, operational experience in the ethanol dehydration process and the I'm green TM brand strength in key global markets. SCG Chemicals will provide expertise in high-quality polyethylene grades for different applications, operational excellence in polyethylene manufacturing and market reach in Southeast Asia.
Roberto Bischoff, CEO of Braskem said: "We are always looking for opportunities to expand the I'm green TM bio-based PE offer to deliver circular low carbon alternatives to our customers to meet their increasing demand for sustainable solutions. This partnership with SCG Chemicals is aligned with our commitment to produce 1 million tons of green products by 2030, replacing fossil with renewable feedstock, and contributing to lowering the carbon footprint of our industry."
Tanawong Areeratchakul, Chief Executive Officer and President of SCG Chemicals Public Company Limited or SCGC adds: "SCGC aims to develop Green Innovation, for example, environmentally friendly polymer (Green Polymer) and innovation for Low Carbon solution through increasing Green Polymer product portfolio to reach 1 million tons annually by 2030 following ESG standards (Environmental, Social, and Governance). This joint venture and partnership between SCGC and Braskem for bio-ethylene production for Green Polymer is one of the essential strategies of SCGC to expand our green business, satisfying the soaring demand from megatrend of environmentally friendly plastic which has a robust growth rate, especially in Asia and Europe. Thus, this joint venture aims to produce sugarcane-derived bio-ethylene instead of fossil ethylene, by world-leading technology from the collaboration of Braskem-Lummus. The business of the joint venture is in accordance with the guidelines for the development of the Bio-Circular-Green Economy: BCG model of Thailand".
The project will be located in Map Ta Phut, Rayong, Thailand.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
NextChem acquire HyDEP and Dragoni Group
Maire Tecnimont Spa announced Tuesday that NextChem, through its subsidiary NextChem Tech, has finalized the acquisition of 80 percent of HyDEP Srl and 100 percent of ...
30-04-2024
-
ClearSign Technologies receives two purchase orders from California refinery
ClearSign Technologies Corporation, an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while ...
30-04-2024
-
AMETEK® Level Measurement Solutions unveils BrightTEK™
AMETEK Level Measurement Solutions (LMS), a business of AMETEK Inc, announces the launch of BrightTEK, a state-of-the-art wireless Industrial Internet of Things (IIoT) ...
30-04-2024
-
Aker solutions to upgrade Mongstad refinery for Equinor
Aker Solutions has been awarded a substantial EPCIC-contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the ...
29-04-2024
-
Aspen Technology introduces AspenTech Strategic Planning for Sustainability Pathways™
Aspen Technology Inc, a global leader in industrial software, today introduced AspenTech Strategic Planning for Sustainability Pathways™, a new and unique integrated ...
26-04-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024