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Braskem and Petrobras Boost Ethylene Production in Rio de Janeiro with New Industrial Project

Written by Corporativo
Published on 27/02/2025 at 11:26
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Braskem e Petrobras Expandem Produção de Eteno no Rio de Janeiro com Novo Projeto Industrial’. – FOTO: ©2025|Imprensa BRASKEM/b>
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Braskem Expands Ethylene Production by 220 Thousand Tons/Year in RJ, Investing R$ 233 Million with Support from the Special Regime of the Chemical Industry.

In an ambitious strategy to reinforce its leadership in the global petrochemical industry, Braskem, a giant in the sector, announced a massive investment that underscores its commitment to innovation and sustainability. The company revealed, on March 3, 2024, a collaborative expansion project with Petrobras, allocating an impressive R$ 233 million to multiply ethylene production at its plant located in Rio de Janeiro. This advancement aims not only to increase production capacity by a robust 220 thousand tons annually but also to consolidate considerable volumes of polyethylene, further strengthening its ethylene production.

The mining sector, for its part, finds in Braskem an example of implementing projects that blend energy efficiency and environmental protection. Significant movements in this industry mirror Braskem’s practices, which is already shaping the future by investing heavily in automation and cutting-edge technologies. Moreover, mineral exploration has been profoundly influenced by the advanced engineering techniques adopted by the company, innovating impressively. This alignment with sustainability principles is equipping Braskem with the necessary tools to tackle the challenges of the global electricity transition, pointing to a promising horizon of sustainable growth.

Strategic Transformation in the Petrochemical and Mining Sectors

With the growing demand for sustainable materials and the expansion of petrochemical infrastructure, the synergy between these industries is not only crucial but essential for the development of innovative solutions. In a statement released on February 27, 2024, Braskem representatives highlighted that ongoing efforts in research and development seek to advance boundaries, solidifying strategic alliances that leverage not only petrochemical production but also mining processes.

The importance of leadership focused on corporate governance and social responsibility has been increasingly emphasized at negotiation tables. By placing mining as a fundamental pillar of industrial development, companies are encouraged to reevaluate their growth strategies according to ESG (Environmental, Social, and Governance) regulations. Braskem, recognized for its robust environmental policy, has led examples of responsible business practices that enhance economic performance without compromising the planet’s sustainability.

As we approach 2025, forecasts indicate that jobs in the sector remain high, reflecting renewed investor confidence in Braskem’s transformative potential and its mining operations. Respected sources, such as the Brazilian Chemical Industry Association and the National Mining Agency, confirm that there are high expectations related to the Special Regime of the Chemical Industry, pointing to a promising outlook in the coming years.

Expansion of Braskem’s Production Capacity

Braskem plans to significantly expand its petrochemical hub located in Rio de Janeiro, increasing ethylene production by 220 thousand tons per year and also boosting polyethylene volumes. This ambitious project is expected to receive an investment of around R$ 233 million, aimed at hiring detailed studies in conceptual and basic engineering.

Additionally, Braskem intends to establish a long-term strategic agreement with Petrobras for the supply of ethane, a crucial step as the availability of natural gas is growing in Brazil. To enable this expansion project, Braskem will seek to access available resources through the Special Regime of the Chemical Industry (REIQ Investments). This regime offers a presumed credit of 1.5% on PIS/COFINS, an important incentive for executing the necessary investments to increase the capacity of the national chemical industry.

Braskem’s Transformation Strategy

The project is part of a broader strategy by Braskem, aiming to transform its operation by increasing the use of natural gas in its raw material matrix. According to Roberto Ramos, CEO of Braskem, ‘We are committed to strengthening the competitiveness of the Brazilian chemical industry, and this project will play a crucial role in this effort.’ Braskem, as a leader in the global petrochemical sector, seeks not only to increase its production capacity but also aims to excel in the efficient use of new energy resources.

In line with this vision, Petrobras also shares a similar strategy. The company emphasizes the importance of increasing the share of natural gas in the Brazilian industrial matrix. ‘We are extremely pleased to support Braskem in its capacity expansion project in Duque de Caxias, supplying natural gas from the pre-salt reserves of the Boaventura Energy Complex,’ commented William França, Executive Director of Industrial Processes and Products at Petrobras.

Alignment with Government Guidelines

This cooperation between Braskem and Petrobras aligns with the Brazilian government’s guidelines, which aim to expand the supply of natural gas in the industrial energy mix of the country. This movement is essential not only to ensure energy security but also to strengthen Brazil’s position in the global petrochemical context. The initiative not only boosts ethylene production and conceptual and basic engineering but also promotes advancements in industrial infrastructure. In summary, the project represents a significant milestone in Braskem’s journey to establish itself as a central player in global petrochemicals.

Source: © BRASKEM Press

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Paula Fox
Paula Fox(@paulafox92)
27/02/2025 11:52

❤️Aqui vo­cê pode colocar seu rosto em qualquer víd­eo ou foto) Por favor, avalie-o ➤ Ja.cat/gosea

Corporativo

CPG Corporate Reports is dedicated to news about events, projects, and announcements from companies in Brazil and globally!

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