Braskem has signed a memorandum of understanding (MOU) with the SCG Chemicals 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.
“Amidst the ever-increasing demand for circular economy and sustainable solutions worldwide, we keep looking for opportunities to expand I’m greenTM bio-based PE availability. Besides meeting customers’ expectations and contributing to carbon neutrality commitment by 2050, this project may be a landmark for Braskem’s footprint in Asia.” says Roger Marchioni, Braskem’s Director for Asia.
Tanawong Areeratchakul, President of SCG Chemicals adds: ” This MOU means we are exploring potential options for partnering and investing with Braskem to bring the production of bio-based Polyethylene to Asia. This would help us to meet our pledge to become “Chemicals Business for Sustainability” and ensuring social and environmental stewardship following ESG standards (Environmental, Social, and Governance), while fostering United Nations’ Sustainable Development Goals (SDGs) and fulfill the increasing market demand towards environmentally friendly products in accordance with the guidelines for the development of Bio-Circular-Green Economy: BCG Model of Thailand.”
If the feasibility studies are approved with mutual agreement between parties, the production facility would be located in Map Ta Phut, Rayong, Thailand.
This Project would allow the combination of Braskem’s technology and bio-plastics know-how with SCG Chemicals’ knowledge of the Asian market and expertise in PE production.