The market for bioplastics used in packaging is anticipated to reach USD 16.6 billion by 2027, with a CAGR of 9.5 percent from 2013 to 2021, and is now valued at USD 10.5 billion in 2022. According to the FMI analysis, the market for bioplastics used in packaging would grow by 1.7 times its value from the base year during the course of the forecast year, creating lucrative investment prospects for the industry.
Brazilian state-run oil company Petrobras said on Friday it expects to sell 100% of its preferred stake in petrochemical producer Braskem SA by February. The detailed timeframe came after Petrobras announced earlier in the day that the move was planned for the first quarter of 2022.
Braskem the largest biopolymer producer in the world has signed a memorandum of understanding (MOU) with the SCG Chemicals, one of the largest integrated petrochemical companies in Thailand and an industry leader in Asia, to perform studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and I’m greenTM bio-based Polyethylene. If implemented, this cooperation could double the existing capacity of I’m greenTM bio-based PE.
Braskem is expanding its production capacity of green ethylene, the main feedstock derived from sugarcane ethanol which is used in the production of renewable resins. These materials can therefore claim to capture CO2, a greenhouse gas. This raw material is produced at the company’s plant in Triunfo, Rio Grande do Sul, whose capacity will be increased from the current 200 kton/year to 260 kton/year. The expansion project, budgeted at US$61 million, will be rolled out in 2021 and should be concluded in the fourth quarter of 2022.
Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, headquartered in Brazil, launched Dansko’s new line of EVA (Ethylene-vinyl acetate) clogs made with over 50% of Braskem’s renewable I’m green™ carbon negative EVA biopolymer.
According to the UNEP1, the fashion industry makes up for 10% of global greenhouse gas emissions – more than international flights and shipping combined. TOMS – short for Tomorrow’s Shoes – has committed to reduce its carbon footprint by 2025, and this already starts with the choice of resources and materials for production.
Braskem, producer of polyolefins and biopolymers, is meeting the polypropylene raw material needs of medical manufacturing customers for the production of respiratory masks as well as protective medical gear.
Working to drive the circular economy in packaging as well, one of its main business segments, Braskem signed a partnership to leverage the development of sustainable solutions. All 1-liter and 5-liter packaging of the Brazilian company Biowash , a pioneer in the development of 100%-biodegradable natural homecare products, now will be made from a mixture of renewable plastic, made from sugarcane , and post-consumer resin (PCR).
Braskem, the world’s leading biopolymer producer, signed a collaboration agreement with the prestigious European research center Toulouse White Biotechnology (TWB) for the development of renewable solutions. Specializing in scientific projects, the center will be an important partner for advancing new research and development routes based on natural resources, which will contribute to progress in sustainable, innovative solutions and economically viable for manufacturers and society as a whole.
Braskem and Haldor Topsoe have reached mechanical completion of the MOSAIK™ process step of their demonstration plant that will produce bio-based MEG (Monoethylene glycol) from sugars. The demonstration plant, located in Lyngby, Denmark, is an important step to upscale the MOSAIK™ solution and begin production at an industrial scale, which is planned to commence in 2023. The plant demonstrates all key design features of the technology and can produce more than 100 tons per year of glycolaldehyde, which is converted into MEG in the next process step.