Braskem figures as the largest petrochemical operation in Latin America and among the three largest private companies in Brazil. With a verticalized structure integrating the first and the second petrochemical generations, Braskem reports annual earnings of R$ 14,3 billion (2004). The company employs directly 3.000 people and indirectly 5.000 people, achieving a production of 5,7 million tons of primary base, secondary and intermediate petrochemical products.
Braskem is coordinated by Odebrecht, group that have direct and indirect participation in the company and control Norquisa, a holding that belongs to Braskem group. Other companies such as Petroquisa (a Petrobras petrochemical subgroup), Petros (Petrobras) and Previ (Bank of Brazil) pension founds are also shareholders. Shares of the company are listed and traded on the St Paulo (Bovespa) and the New York Stock Exchanges, and on the Madrid (Latibex).
With 13 industrial facilities located in Alagoas, Bahia, St Paulo and Rio Grande do Sul, Braskem produces primary base petrochemicals such as ethylene, propylene, benzene, caprolactam, DMT and termoplastic resins (polypropylene, polyethylene, PVC and PET), gas, UHMW-PE (an engineering plastic) and GLP.
Braskem aims to be a worldclass Brazilian company by making fuller use of the potential synergies that exist within the company to assure competitive production scale. It is also comitted to investments in research and development in order to achieve high technological standards and figure among the world's leading petrochemicals players. In Latin America, Braskem is the leader in the thermoplastic resins segment.
Commited to the development of the petrochemical chain, Braskem works in partnership with its customers, the plastic products transformers, to develop products always seeking for new business opportunities. Managed according to the principles of an effective and ethical corporate governance, the company presents policies based on transparency in the financial market and equal relationship with all shareholders.
Odebrecht is a traditional company in the construction sector that started its activities in the petrochemical area in 1979. Odebrecht increased its participation in the sector through representative acquisitions, when the company changed from investor to operator, controlling other companies in the market. In 2001 Odebrecht, finally, in a joint venture with Mariani, took over Copene Petroqumica do Nordeste S.A and started a process to integrate all its companies to create Braskem.
Braskem can assume the control of Politeno
How the Petrochemical
industry started in Brazil
The use of plastic in Brazil has been relevant since the 1950s. The necessity of national industrial sites is a result of the social demand to substitute importation in the sector.In the 1960s, Uniao Group ? an association of companies from Sao Paulo State, created Petrochemical Uniao, in Capuava, Sao Paulo country side.
Foreign companies were involved in that project to implement the second and the third generations of plastic chain, with the State support, by Petroquisa (a Petrobras company). The model called Tripartite was then created and it was consolidated in the 70s with the creation of Copene and the Petrochemical pole of Camacari (BA).
During the 1970s, the government authorized the creation of Copesul, Petrochemical central of Triunfo, that counted on a greater Brazilian engineering participation.
In the 1980s, the Tripartite model no longer responds to demands. The government concentrated the investments on petroleum exploration and production sectors, what caused the reduction of investments on the Petrochemical sector.
From 1992 to 1995, during the privatization program sponsored by the Federal Government, the shares of the State were sold. The Tripartite model no longer exists. The petrochemical Uniao (PQU), the first in the country, was privatized in 1994, whith Unipar group as the most important shareholder.
In the south, Copesul started being controlled by Odebrecht and Ipiranga presenting management strategies that focused on the company growth and technological innovation. In 1995- during the consuming "Boom" promoted by the new currency “Real” plan - the company controllers decided to duplicate the pole of Triunfo in a project of US$ 1.6 billion. The facilities were ready in 2000.
However, in Camacari (BA) some of the important investments on Copene and on the second generation of the petrochemical chain, had to be postponed due to the conflicts caused by the privatization of the baiano pole.
In Dezember of 2000, the Central Bank tried to auction off the participation that Banco Economico had on Conepar S.A, a holding that played an important role on the capital of Norquisa, controller of Copene at that time. The auction wasn’t successful.A new auction took place in March 2001, at that time with a price reduction of 20%. However, there was no interest in the shares and the auction wasn’t successful once again.
Odebrecht and Mariani decided to buy the participation of Economico Bank in Conepar and prepared a proposal that was taken to the Central Bank. In July 2001, The Central bank decided for a third auction selling the parcel that belonged to Economico Bank. The only group that had made an offer, Odebrecht and Mariani, won the auction what guaranteed the control of Norquisa, the holding that controlled Copene at that time.
Right after the acquisition, a process of integration was initiated with the companies from the second and third generations.This project started a new step in the Brazilian petrochemical history, with the group Odebrecht and Mariani promoting a project of vertical integration of petrochemicals in Brazil, creating Braskem.
Braskem in talks with
third parties on Venezuela olefins project
Braskem, Latin America's largest petrochemicals company, is in talks with several potential partners to build a Venezuelan olefins complex worth up to $2.5 billion, the company's financial director told Platts Friday. The project is slated to come onstream by 2011.
Braskem is already working with Venezuela's PDVSA to develop the project, which would be located at the northwestern Venezuelan Jose petrochemicals complex and produce 1.2 million mt/year of polytehylene and other products. In April, Braskem signed an MOU with PDVSA's petrochemicals arm, Pequiven, on the project, a gas-fired cracker, and said it would cost between $1.5-2.5 billion.
Braskem is also discussing a 400,000 mt/yr Venezuelan polypropylene project known as El Tablazo, in joint-venture with Pequiven. A decision to build the plant, which would cost about $370 million, could come in the first quarter of 2007, and production could begin in 2009, Atlit said.
Braskem and Pequiven announce signature of joint venture agreement for the Jose Petrochemical complex
leader in the thermoplastic resins segment in Latin America and
second largest Brazilian industrial company owned by the private
sector, announces that it signed today with Pequiven, the main
petrochemical company in Venezuela, an agreement aiming at the
formation of two Joint Ventures to develop and implement in that
country what is expected to be the most modern and competitive
integrated petrochemical project in the Americas, named Jose Petrochemical
One of the projects includes the construction of an ethane cracker from natural gas with annual capacity of 1.3 million tons of ethylene, 1.1 million tons of polyethylene (PE) and other petrochemical products.
The second project involves the construction of a polypropylene (PP) plant with annual production capacity of 450 thousand tons, previously announced to be constructed in El Tablazo, but now to be developed in the same site as the Jose Complex, with estimated investments of approximately US$ 370 million. Therefore, the Jose Complex will be more integrated increasing its competitiveness by capturing synergies in the implementation and operation, among other factors.
On that day, the project cornerstone was launched. The projects are expected to begin operations in the second half of 2011 for the ethylene and PE production and at the end of 2009 for the PP plant.
Having access to one of the richest oil and natural gas reserves in the world, Venezuela offers differentiated competitiveness for the development of petrochemical projects.
The creation of the joint ventures is expected to be concluded within the next 90 days, with the approval by the respective Board of Directors of the companies. The corporate model provides that the same shareholding for both companies. Investments for the production of ethylene and PE are expected to reach approximately US$2.5 billion. For the PP plant, investments are expected to be around US$ 370 million. Braskem is analyzing its participation in the vinyl´s chain projects, including caustic soda and PVC.
Construction of Pequiven-Braskem olefins plant to begin in 2009
Construction on a new Venezuelan olefins plant, a product of a joint venture between Venezuela's state petrochemical company Pequiven and Brazil's Braskem, is scheduled to begin in mid-2009, Juan Jose Garcia, Venezuela's vice minister for petrochemicals and refining, told Platts Friday.
2007/12/13 PRNewswire-FirstCall Braskem とVenezuela 国営Pequiven、石化JV計画で合意
Braskem and Pequiven Announce the Creation of Companies to Install Petrochemical Projects in Venezuela
BRASKEM, the leading
company in the thermoplastic resins industry in Latin America and
third-largest Brazilian industrial company owned by the private
sector, announces, in partnership with Pequiven, the creation of
two companies to install in Venezuela the most modern and
competitive integrated petrochemical project in the Americas, at
the Jose Petrochemical Complex. The official announcement of the
creation of Propilsur and Polimerica is being made today,
December 13, in Caracas during a meeting held between the
president of Venezuela, Hugo Chavez, and the president of Brazil,
Luiz Inacio Lula da Silva.
Prolipropileno del Sur, S.A. - Propilsur will be responsible for the construction of a polypropylene plant with capacity of 450,000 t/year integrated into a propane dehydrogenation unit, providing the project with greater integration and operational flexibility. In light of this new scope, the total investment in the project is estimated at approximately US$ 900 million. The operational startup of Propilsur is expected for the second half of 2010.
Polietilenos de America, S.A. - Polimerica will be responsible for the construction of an ethane cracker with natural gas as feedstock, with ethylene production capacity of 1.3 million t/year, combined with the production of 1.1 million t/year of polyethylene, which will be produced in three industrial plants -- high density polyethylene, low density polyethylene and low linear density polyethylene, with estimated cost of US$2.6 billion and operational startup scheduled for the second half of 2012.
Based on the shareholders' agreement signed today, the companies will be equally controlled by Braskem and Pequiven and will be based on modern corporate governance practices, ensuring equal rights for partners in the management and equal representation in the Board of Directors, where decisions will be taken based on the shareholders consensus.
The hired financial advisor has already started contacting multilateral organizations, export credit agencies, development banks and private banks for structuring financing for 70% of the total investment through project finance and the remaining 30% through transfers in equal proportions by the partners.
Braskem has the first
certified green Polyethylene in the World
Company studies project for commercial production of plastic made from ethanol starting in 2009
Braskem, the leading
company in the thermoplastic resins segment in Latin America and
second largest Brazilian industrial company owned by the private
sector, announces production of the first
internationally certified polyethylene made from sugarcane
using competitive technologies developed at the company’s Technology and Innovation
The green polymer developed by Braskem - a high-density polyethylene, one of the resins most widely used in flexible packagings - is the result of a research and development project that has already received some US$ 5 million in investment. Part of this amount was allocated to implementing a pilot unit for the production of ethane, which is the basis for the production of polyethylene, from renewable feedstock at the Braskem Technology and Innovation Center, which is already producing sufficient quantities for commercial development of the product. The project’s target customer will soon receive the green polyethylene and have the opportunity to confirm the performance of the product, which can meet all of the quality standards required to be competitive in the international market.
The project is now in technical and economic specification process and the startup of green polyethylene production on an industrial scale is expected in late 2009. The new unit will have modern technology and competitive scale, and could reach annual production capacity of up to 200,000 tonnes. The location and industrial design of the unit will be determined within the next few months.
Braskem to build 200,000mt/yr renewable plastics plant: CEO
Braskem was to build a plant that would produce 200,000 metric tons per year of ethanol-based polyethylene by the end of 2009, CEO Carlos Grubisich said in a written statement.
Braskem was to build a plant that would produce 200,000 metric tons per year of ethanol-based polyethylene by the end of 2009, CEO Carlos Grubisich said in a written statement.
Details of how much the plant would cost to build, where it would be located and how much ethanol feedstock it would require were not provided. Grubisich presented the plans in Frankfurt, at the K 2007 plastics industry exposition, the statement said.
Braskem to boost stake in synthetic rubber-maker Petroflex
Braskem said Tuesday it would boost its participation in Petroflex to 33.5%, from a previous 20.1%, using an option to buy part of the shares in Petroflex held by Suzano Petroquimica, which was recently bought by Petrobras.
According to a shareholders agreement, Braskem and Unipar would have rights to buy Suzano's stake in Petroflex if control over Suzano ever changed hands.
It wasn't clear whether Unipar would use an option to buy Petroflex shares to supplement its current 10.1% stake in the company. Suzano's stake in Petroflex, before the sale to Braskem, is 20.1%.
Braskem achieves new
technological advance for production of green polymers
New technological route with green butene enabled the company to manufacture the first linear polyethylene from 100% renewable raw materials
represents a new landmark in Braskem's biopolymer development
program, initiated in June 2007, with the launch of the first
green resin, a
density polyethylene geared towards markets that
demand products with superior performance and quality,
underscoring the automobile, food packaging, cosmetic and
personal hygiene industries.
Antonio Morschbacker, the technician responsible for biopolymers at the company, explains that this development represents an important technological leap for Braskem, since the production of green linear polyethylene demands the use of a second monomer (molecules used as raw material to make the polymer) from a 100% renewable source. In other words, besides sugarcane ethylene, a technology already dominated by Braskem, the researchers needed to elaborate a new technological route that would allow them to obtain high-yield butene from a renewable raw material.
The main market for this linear polyethylene is the flexible packaging segment (films), which mostly serves the food industry. Still being produced at a laboratory scale, production of the green linear polyethylene will permit the product to be tested by selected clients interested in its performance and environmental advantages. At present, Braskem is concluding a project to set up an industrial unit to produce green ethylene that will supply the already existing polyethylene units in their installations, with the capacity to product 200 thousand tons per year and projected to start operations in 2010.
The company also recently announced it will invest R$ 100 million in Camaçari, Bahia, to convert its current production of MTBE into ETBE, as already occurred at Copesul, thus offering the market an additive for gasoline made from ethanol with important environmental advantages. When the investment is finished, in 2009, Braskem will have the capacity to produce 300 thousand tons of ETBE per year, which besides using a renewable natural resource, also reduces CO2 emissions by 76% compared to MTBE, taking into account the period from the sugarcane crop to production of the additive.
Petrobas president details Brazilian expansion plans for PE, PP and PET
The same week the project received an environmental license and one week before soil grading begins, Jose Lima, president Petrobas Quimica SA, offered details on the $8.5 billion Rio de Janeiro Petrochemical Complex (COMPERJ), which will use a patented fluid catalytic cracking (FCC 流動接触分解) process to convert heavy Brazilian crude oil directly into petrochemical feedstocks like ethylene and propylene, with polyolefins capacity planned as well.
Lima said when the operation commences production in the 2012-2013 time frame, it will process 150,000 barrels/day of Brazilian crude into 800,000 tonnes/yr of high-density and low-density polyethylene; 850,000 tonnes/yr of polypropylene; and 600,000 tonnes/yr of polyethylene terephthalate.
The country's next major petrochemical investment will be the Rio de Janeiro Petrochemical Complex (Comperj) integrated refinery and cracker complex. The project is a partnership between Petrobras and Brazilian chemical producer Grupo Ultra, and CPS is expected to become a shareholder. （Petrobras、Ultra Group、Braskemの3社が共同Ipirangaを買収）
Phase one of the $8.5bn project, which will boost Brazil's heavy oil refining capacity significantly and reduce naphtha imports, is scheduled for completion in 2012.
Two major chemical companies will emerge from the consolidation process: an enlarged Braskem and a new company, known as Companhia Petroquimica do Sudeste (CPS).
The creation of CPS, owned by Petrobras and petrochemical holding company UNIPAR, brings the key petrochemical assets in the southeastern states of Rio de Janeiro and Sao Paulo under one company.
Braskem Starts Up New
Plant for the Production of 350,000 Tons of Polypropylene in
This project consolidates the Company's leadership in the Latin American polypropylene market
Braskem, the leading company in the thermoplastic resin industry in Latin America and the third-largest resin producer in the Americas, announces the start up of its polypropylene production plant in the city of Paulinia, Sao Paulo state.
With the inauguration of this new industrial unit, which has annual production capacity of 350,000 tons, Braskem further strengthens its leadership position in the Latin American polypropylene market, increasing its annual production capacity in this product to 1.1 million tons.
The project was built through a joint venture between Braskem and Petroquisa, with the companies holding interests of 60% and 40%, respectively. The plant is one of the assets included in the Investment Agreement between Braskem and Petrobras announced to the market on November 30, 2007, which will result in an increase in Braskem's interest in Petroquimica Paulinia from the current 60% to 100%. Through this agreement, Petrobras will become holder of 25% of Braskem total capital.
Braskem, Petroperu to
Sign Petrochemical Letter
Petroleos del Peru SA and Brazil's Braskem SA will sign a letter of intent tomorrow to build an $800 million petrochemical plant in southern Peru, the Peruvian company's chief executive officer, Cesar Gutierrez, said today.
The state-oil company known as Petroperu and Sao Paulo- based Braskem, Brazil's largest petrochemical company, will negotiate with Argentina's Pluspetrol SA to supply the project with 100 million cubic feet a day of ethane, Gutierrez said. The plant seeks to produce polyethylene for export, he said.
Braskem, Petrobras and
PetroPeru sign agreement to study an integrated petrochemical
project in Peru
Project will represent the installation of the largest petrochemical complex on the western coast of the America
Today, May 17, Braskem,
Petrobras and PetroPeru signed an agreement aimed at assessing
the technical and economic feasibility to implement an integrated
project for the production of 700 thousand to
1.2 million tons of polyethylene from competitive natural gas
available in Peru.
This project will represent the installation of the largest petrochemical complex on the western coast of the America, combining global scale, cutting edge technology and high competitiveness. Peru has current and potential reserves of natural gas rich in ethylene, with content levels exceeding 10%. The competitiveness and strong attractiveness for new investments that exist in Peru today, as well as its privileged geographic position, were important points in approaching the companies for the project study.
The venture will also contribute to Peru’s economic and social development, generating favorable conditions for attracting investments by new plastic manufacturing industries.
Petrobras, which is already very present in the Peruvian market, made an important gas discovery in January 2008, in partnership with other companies. It expects the studies will contribute towards defining the best use of future production in Peru. The company thus reaffirms its commitment with the development of business and creation of value in South American companies, accentuating its operations in the petrochemical sector. The studies will also reinforce the agreement signed in 2006 between Petrobras and Petroperú, which has already given rise to several joint projects in the E&P and downstream areas.
For Braskem, the consolidation of the venture will be a new an important step in its growth strategy with the creation of value, which combines an internationalization program with access to competitive sources of raw materials, in line with its vision of being among the 10 largest petrochemical companies in the world. The installation of the new integrated complex on the Pacific coast is in line with the two projects in Venezuela that are in the implementation phase and which aim at supplying resin to the domestic market in Venezuela and consolidating Braskem’s presence in North America and Europe.
The markets focused on by this new project are those countries on the western coast of the Americas, especially the United States, Peru, Chile, Ecuador and Colombia. Besides that, as a result of easy access to the Pacific and already available infrastructure in the region, the venture could become an important platform for exports to the Asia and western United States.
Peru's President Alan Garci'a and his Brazilian counterpart Luiz Ina'cio Lula da Silva were present at the signing ceremony, held in the presidential palace in Lima.
Petroperu' president Ce'sar Gutie'rrez was reported as saying by Peruvian state news agency Andina that the three companies will approach Argentina's Pluspetrol, operator of the Camisea natural gas consortium in Peru, to negotiate the supply of ethane.
May 17, 2008 Reuters
Brazil Petrobras, Braskem eye $2.5 bln Peru plants
Brazilian firms Petrobras and Braskem may invest up to $2.5 billion in petrochemical projects in natural gas-rich Peru, officials said on Saturday.
Peruvian President Alan Garcia and his Brazilian counterpart, Luiz Inacio Lula da Silva, signed a series of accords that included commitments by the Brazilian firms to study the feasibility of building new plants that would tap into Peru's growing gas sector.
"For the fertilizer plant, or methane, we're talking about between $800 million and $1 billion and for the petrochemical plant, or ethane, this would be $1.5 billion," said Pedro Grijalba, head of Petrobras' Peruvian unit.
Petroperu, Peru's state-owned petroleum company, may participate in the construction of plants by the Brazilian companies.
Peru's government is trying to lure billions in foreign investment for its mining and energy sectors to reap the benefits of high commodities prices.
Petroperu' and Petrobras are currently seeking a partner specialized in fertilizers as that project is to produce ammonium phosphate, ammonium nitrate and sodium cyanide.
Brazilian mining and metals group CVRD is being considered, though alternatives continue to be sought, according to the Andina report.
Braskem sign memorandum to study petrochemical project in Peru
In order to evaluate the technical and economic feasibility for the implementation of an integrated petrochemical project in Peru
In special ceremony held at Government Palace, with assistance from the president, Dr. Alan García Perez and the president of Brazil Inacio Lula, Petroperú, Braskem and Petrobras signed an agreement with the objective of evaluating the technical and economic feasibility for the implementation an integrated petrochemical project in Peru, from natural gas, with production capacity of at least 700 thousand tons per year of polyethylene.
The chairman of Petroperú, engineer Cesar Gutierrez, noted that the project foresees the creation of the largest petrochemical complex on the Pacific coast of the americas, combining global scale, high-tech and high competitiveness.
He said that Peru had reservations current and potential natural gas rich in ethane, with ratios above 10%. The geographical position of Peru and conditions conducive to new investment were also relevant points in bringing companies to study the project, he added
The owner of Petroperú indicated that the performance of the enterprise will also contribute to economic and social development of Peru, creating favourable conditions for attracting investment by new industries manufacturing plastic.
He recalled that Petrobras, which already has significant presence in the Peruvian market, made a major gas discovery in January 2008, in lot 57, and hoped that the studies will help to define the best use of their future production in Peru.
That, he argued, the company reaffirms its commitment to business development and value creation in the countries of South americas, accentuating its performance in the petrochemical sector. In addition, investigations will reinforce the agreement signed in 2006 between Petrobras and Petroperú, which originated several joint projects in the areas of E & P, petrochemical and downstream.
For Braskem-Gutierrez-stressed concrete expression to this endeavor will be an important new step in its strategy of growth with value creation, combining a programme of internationalization with access to competitive sources of raw materials, according to its vision of being among the top 10 largest petrochemical overall.
That initiative, he said, complements the two projects that Braskem is developing in Venezuela, turned to the markets of the East Coast of the United States and Europe - a unit of polypropylene with a capacity of 450 thousand tons per year to operate in 2011 and a polyethylene integrated unit with a capacity of 1.1 million tons per year to operate from 2013.
He said that the markets served by the new project will be the countries of the West Coast of the americas, especially Peru, Chile, Ecuador and Colombia.
Finally, the engineer Gutierrez estimated that due to easy access to the Pacific and infrastructure already available in the region concerned, the venture may become an important platform for exports to the Asian market and the West Coast of the United States.
investments of more than R$ 1.0 billion in Rio Grande do Sul
Production of green plastic will be developed at the Triunfo Complex
Braskem is inaugurating a new cycle of investments at the Triunfo Petrochemical Complex starting by consolidating the sector in the south through an investment of more than R$ 1.0 billion scheduled over the next 3 years and the decision to produce green polyethylene in Rio Grande do Sul. This investment program is in line with the company’s growth with the creation of value strategy that aims at making Braskem one of the ten largest companies in the sector in the world.
− Sao Paulo州のMaua市に位置するSao Paulo石油化学コンビナート
− Rio Grande do Sul州のTriunfo市に位置するTriunfo石油化学コンビナート
Ipiranga は南部のTriunfo にCopesulに隣接して5工場を持つ。
Ever since it announced
the acquisition in March 2007, Braskem has invested nearly R$ 300
million in the state, especially for the ETBE project, an automotive bioadditive
produced from ethanol, and the modernization initiatives and
technological updating made during the recent scheduled
maintenance period at Copesul. "Approval of the investment
agreement with Petrobras, which allocated its shareholder participation in
Copesul, Ipiranga Petroquímica, Ipiranga Química and Petroquímica Paulínia, will permit accelerating our
growth programs in Rio Grande do Sul", says José
president of Braskem.
The highlight of this investment commitment has been the decision to install the green polyethylene project in Triunfo, with estimated investments of between R$ 400 and R$ 500 million. This will be the first commercial scale operation in the world to produce green polyethylene from 100% renewable raw material. This pioneerism is the result of the priority Braskem gives innovation and technology, one of the corporate strategy pillars, which has permitted certification of the first green polyethylene. The initiative also corresponds to its commitment to contribute towards sustainable development, opening the way for the use of renewable raw materials.
The green polyethylene project will have the capacity to produce 200 thousand tons per year with projected earnings of about US$ 400 million/year. The raw material will be received through the Santa Clara Terminal. The alcohol will initially be acquired in the southeast. However, the intention is to prioritize the consumption of local ethanol from raw material production in the state. "Braskem’s annual consumption of ethanol will be approximately 700 million liters, 450 million of which will be for this project," says Grubisich. This volume is similar to the current demand for alcohol in RS, which is around 500 million liters/year.
Braskem delays construction of two plants in Venezuela
Brazilian firm Braskem,
Latin America's largest petrochemical company, announced on
Wednesday that it postponed for at least one year part of its project to build two plants in Venezuela in
partnership with Venezuelan state petrochemical corporation
to the current global financial crisis.
The announcement was made Wednesday by the president of Braskem, Bernardo Gradin, in a video conference in which he commented the massive losses incurred by the Brazilian petrochemical firm in the third quarter of the year.
Gradin said that Braskem chose to delay some of the investments it had planned, due to the credit crunch and to the fact that the company foresees a drop in the international demand for plastic next year as a result of the crisis that affects the United States and Europe, among others.
Braskem approves Green
Braskem, the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Americas, announces that its Board of Directors has approved the Green Polyethylene Project. This project, for which investment of R$500 million was approved, will produce ethylene and polyethylene from sugarcane ethanol, with operational startup scheduled for 2011 at the Southern Petrochemical Complex in Rio Grande do Sul state.
Braskem has already concluded the conceptual and basic-design phase, and the detailing phase and start of construction will begin in early 2009. The company has already made firm reservations for the project’s critical equipment, such as the feed gas compressor and refrigeration compressor, which are high-technology equipment that must be ordered in advance to ensure the project timetable is met. To finance what will be the first commercial-scale operation in the world producing green polyethylene made from 100% renewable raw materials, Braskem plans to use 30% own funds and seek finance for the remaining 70%.
With demand identified at approximately 600,000 tons, mainly in the international market, the green polyethylene will command a premium of between 15% and 30% over the price of polyethylene made from nonrenewable raw materials. The project could be the first of other larger-scale projects that are currently being analyzed, and has return estimated at US$200 million in net present value.
Commenting on the project, Braskem CEO Bernardo Gradin said, "The approval of this project by the Board of Directors demonstrates Braskem’s confidence in the project’s potential for value creation and management’s concern with financial discipline, by investing selectively in projects that offer high return. A project like this offers excellent opportunities for the development of plastic products made from renewable raw materials, a field in which Brazil has natural competitive advantages and high potential demand."
豊田通商 Braskem と植物由来ポリエチレンに関し業務提携
Braskem: Acquisition of Petroquímica Triunfo
Petrochemicals group Braskem is to take over plastics producer Petroquímica Triunfo. Braskem reports that the Brazilian authorities gave the go-ahead for the merger at the start of May 2009.
Petroquímica Triunfo, which produces LDPE, ethylene copolymers and EVA for Brazilian and international customers, is to be fully integrated into Braskem. Further details of the transaction have not been disclosed.
Petrobras の100%子会社のPetroquisa の子会社。
（100% allocation of Petroquimica Triunfo to Braskem を前提）
December 14 2009
Braskem and Novozymes to
make green plastic
Partners take a step toward the bio-based economy by developing polypropylene from sugarcane.
Braskem, the largest petrochemical company in Latin America, and Novozymes, the world’s leading producer of industrial enzymes, today announced a research partnership to develop large-scale production of polypropylene from sugarcane. 酵素メーカー
“Braskem was the first company in the world to produce a 100% certified green polypropylene on an experimental basis. The partnership with Novozymes will further boost Braskem’s technology development and be a key step in the company's path to consolidate its worldwide leadership in green polymers, all leveraged by Brazil’s competitive advantages within renewable resources,” says Bernardo Gradin, CEO of Braskem.
Sugar is the new oil
Polypropylene is a plastic used in a wide range of everyday products, from food containers, drinking straws, and water bottles to washing machines, furniture, and car bumpers. It is the second most widely used thermoplastic with a global consumption in 2008 of 44 million metric tons. The market is estimated to be USD 66 billion, with an annual growth rate of 4%.
Today, polypropylene is primarily derived from oil, but Braskem and Novozymes will develop a green alternative based on Novozymes’ core fermentation technology and Braskem’s expertise in chemical technology and thermoplastics. Initial development will run for at least five years.
“We live in a world where oil is limited and expensive, and the chemical industry is looking for alternatives to its petroleum-based products. Novozymes’ partnership with Braskem is a move toward a green, bio-based economy, in which sugar will be the new oil,” says Steen Riisgaard, CEO of Novozymes.
Both companies have ongoing interests in a bio-based economy: Braskem is currently building a 200,000-tons-per-year green polyethylene plant in Brazil with ethanol from sugarcane as the raw material. Novozymes is producing enzymes to turn agricultural waste into advanced biofuels and has partnered to convert renewable raw materials into acrylic acid.
January 14 2008
Cargill and Novozymes to enable production of acrylic acid via 3HPA from renewable raw materials
Cargill and Novozymes today announced a joint agreement to develop technology enabling the production of acrylic acid via 3-hydroxypropionic acid (3HPA：3-ヒドロキシプロピオン酸) from renewable raw materials. The project is supported by a $1.5 million matching cooperative agreement from the U.S. Department of Energy.
The collaboration aims at enabling fermentation of sugar into 3HPA using a bioengineered microorganism. The 3HPA can subsequently be transformed into a range of valuable chemical derivatives including acrylic acid -- a high value, high volume chemical that goes into a broad range of materials including plastics, fiber, coatings, paints and super-absorbent diapers.
Braskem launches project
for green propylene industrial unit
Braskem, the largest thermoplastic resin producer in the Americas and a company committed to bringing to market products and solutions with high technical performance that are aligned with the principles of the low-carbon economy, announces the conclusion of the conceptual phase of the project to build a green propylene plant.
In 2011, work will be concluded on the basic engineering studies and, once final approval is obtained, the project's installation will begin, with operational startup expected in the second half of 2013. The plant should require investment of around US$100 million and have minimum green propylene production capacity of 30 kt/year.
To produce green polypropylene, Braskem will adopt technology that has already been proven on an industrial scale and use as an input sugarcane ethanol, which is recognized as the world's best renewable energy source. The green polypropylene will have the same technical, processability and performance properties as polypropylene made using traditional production routes.
The preliminary eco-efficiency study has shown very favorable results, given the benefits from the environmental advantages of green ethylene. The study was conducted in partnership with Fundação Espaço Eco and was based on conceptual engineering data. Each ton of green polypropylene produced captures and sequesters 2.3 t of CO2.
Braskem considers this plant part of its strategy to develop biopolymers and is committed to expanding its portfolio and production capacity, enabling the growth and adoption of green plastic by a growing number of clients and applications, thereby increasing the product's benefits for the environment.
Braskem has been working with green polypropylene for a long time. In 2008, during BioJapan, the company announced the production of the first green polypropylene sample made 100% from renewable resources, which was verified in accordance with ASTM D6866. Braskem also has research projects to develop a new production route for green polypropylene, including the partnerships announced with Novozymes in 2009, as well as with UNICAMP and LNBio
State of Rio Grande do
Sul guarantees Braskem's R$300 million investment
After several weeks of negotiations involving the Treasury and Development and Promotion departments of the state of Rio Grande do Sul, Braskem gave assurances to Governor Tarso Genro that it would invest R$300 million to double butadiene production at the Triunfo Petrochemical Complex located in the state. The product is used to make tires and rubbers in general, and the investment will provide an opportunity for the growth of the elastomers chain in the state.
The investment will be
formally announced at Palacio Piratini. On the same date, we plan
to announce the creation of a program to promote the development
of the plastics and rubber chains. The investment provides for
the installation of 100 ktons/year of additional
butadiene production capacity. Braskem’s installed capacity of this
product in the state of Rio Grande do Sul is currently 105
The decision to invest in this capacity expansion is based on the potential of the elastomer production chain in the state, whose main players are Lanxess and Borrachas Vipal, and on the solid results of the raw material in the international market, with butadiene prices rising by more than 50% in 2010 from 2009. The increase reflects factors such as the limited world supply due to the greater competitiveness of natural gas as feedstock and the reduced use of naphtha, which limits the supply of byproducts like butadiene.
Lanxess がブラジルの合成ゴムメーカーの Petroflex 買収
Vipal Rubber Vipamold precured treads、Rubber Flooring、Compounds
Vipal Plastics Ceiling、Doors、Partition Wall、PVC Hoses