3 min of reading

Braskem Closes Partnership With Japanese Distributor Sojitz Corporation: The Joint Venture Plans to Build 3 Plants Early On

Written by Roberta Souza

Published on 25/03/2022 at 09:27

Construction, Industry

Foto: Reprodução Google Imagens (via ESTOA)

Be the first to react!

Braskem’s Joint Venture with Asian Distributor Focused on Transforming Renewable Compounds into Bio-MEG

On March 24, the company Braskem announced the signing of a contract with Sojitz Corporation, a chemical and polymer distributor with a strong presence in the Asian market. The contract in question concerns the consolidation of a joint venture (JV) aimed at the manufacturing and commercialization of bio-MEG (monoethylene glycol) and bio-MPG (monopropylene glycol), which is still subject to confirmation by the relevant competition authorities.

According to the news outlet Broadcast, Braskem also added that the business plan for the joint venture with the Japanese distributor aims to invest, right from the first phase, in the implementation of three industrial plants, provided that the necessary technology development has already been completed.

Support and Participation from Danish Company

Furthermore, Braskem, which just inaugurated the first mechanical recycling project in Brazil, emphasizes that the technology to be developed by the joint venture with the Asian distributor will receive support and expertise from the Danish company Haldor Topsoe. This company began producing a demonstration unit in 2019 to validate key phases of the pioneering technology that transforms renewable feedstocks, such as dextrose or sucrose, into bio-MEG.

ARTICLE CONTINUES BELOW

Goals to Be Followed by the Joint Venture

In a statement sent to the Securities and Exchange Commission (CVM), Braskem highlights that the joint venture with the distributor Sojitz is aligned with the following goals of Braskem: carbon neutrality by 2050; geographical and industrial diversification; reinforcing global leadership in biopolymers to meet customer needs; and developing sustainable solutions in Circular Economy.

About Braskem

Founded in August 2002 and headquartered in São Paulo, since 2020, it has been under the leadership of Roberto Simões. With more than 7,600 employees and revenue exceeding 14 billion dollars, Braskem is a global petrochemical company aimed at creating sustainable solutions for chemistry and plastics. To continue achieving this, it has formed other very positive partnerships.

About Sojitz Corporation

Established in 2003 from the merger of Nissho Iwai Corporation and Nichimen Corporation, the distributor is a Japanese conglomerate based in Tokyo, operating in various industrial sectors. Today, the Sojitz Group consists of approximately 400 subsidiaries and affiliates located in Japan and around the world, developing extensive operations in general trade companies across various countries and regions, and will further grow from the joint venture with Braskem.

Distributors Reduce Ethanol Purchase Volume After Losing Competitiveness Against Gasoline. Mills Are Lowering Prices to Try to Reduce Stocks

In recent months, there has been a decline in ethanol demand at gas stations due to its high price compared to gasoline. Consequently, a chain reaction is being created, leading to a decrease in ethanol prices at the pumps. The current situation has also been observed by ethanol-producing mills – in January, São Paulo industries sold the lowest volume of hydrated ethanol for the month in 20 years to distributors, according to research from the Center for Advanced Studies in Applied Economics (Cepea/USP).

The research also reported that the volume traded in the first month of 2022 is the lowest since 2002, with an even smaller quantity recorded in November 2021. Compared to December, the volume of ethanol traded was 17% lower in January this year. To read this article in full, just click here.

Braskem Closes Partnership With Japanese Distributor Sojitz Corporation: The Joint Venture Plans to Build 3 Plants Early On

Braskem’s Joint Venture with Asian Distributor Focused on Transforming Renewable Compounds into Bio-MEG

Support and Participation from Danish Company

Goals to Be Followed by the Joint Venture

About Braskem

About Sojitz Corporation

Distributors Reduce Ethanol Purchase Volume After Losing Competitiveness Against Gasoline. Mills Are Lowering Prices to Try to Reduce Stocks

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Basalt-based cement can cut up to 80% of CO2 emissions in global construction, according to a study by UC Santa Barbara.

Mystery of the Mary Celeste, the ghost ship of 1872, may finally have been unraveled by science with a new chemical hypothesis

Cold front advances to the South of Brazil this Sunday with up to 150 mm of rain and a new polar mass drops temperature in three states

Macaúba has ceased to be a pest in the cerrado and has become a billion-dollar bet to supply planes and trucks, with Mubadala eyeing R$ 15 billion, vegetable oil, degraded lands, and sustainable fuel that still depends on future commercial-scale harvesting.

Research vessel departs from Fortaleza this Sunday for a 35-day mission to map the Brazilian ocean floor and search for unknown marine species, two-ton robot on board can descend up to 6,500 meters deep.

Braskem Closes Partnership With Japanese Distributor Sojitz Corporation: The Joint Venture Plans to Build 3 Plants Early On

Braskem’s Joint Venture with Asian Distributor Focused on Transforming Renewable Compounds into Bio-MEG

Support and Participation from Danish Company

Goals to Be Followed by the Joint Venture

About Braskem

About Sojitz Corporation

Distributors Reduce Ethanol Purchase Volume After Losing Competitiveness Against Gasoline. Mills Are Lowering Prices to Try to Reduce Stocks

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Basalt-based cement can cut up to 80% of CO2 emissions in global construction, according to a study by UC Santa Barbara.

China built a 300-meter horizontal skyscraper that connects four towers at a height of 250 meters, with a steel structure weighing 12,000 tons, equivalent to the Eiffel Tower, and it was assembled on the ground before being lifted with hydraulic systems.

A R$ 25 million bridge in Santa Catarina will replace a ferry at a tourist spot, cross the Araranguá River, gain two lanes, LED lighting, and create a new road connection with construction authorized in 2026.

While the US Navy lines up 122 ships in the Golden Fleet, Russia is launching the 35-meter, 208-ton Sarmat ICBM that carries 10 warheads and reaches 35,000 kilometers.

China built the largest railway station in Asia in just two years, with 475,200 m², solar energy, welding robots, and smart technology.

Basalt-based cement can cut up to 80% of CO2 emissions in global construction, according to a study by UC Santa Barbara.

Mystery of the Mary Celeste, the ghost ship of 1872, may finally have been unraveled by science with a new chemical hypothesis

Cold front advances to the South of Brazil this Sunday with up to 150 mm of rain and a new polar mass drops temperature in three states

Macaúba has ceased to be a pest in the cerrado and has become a billion-dollar bet to supply planes and trucks, with Mubadala eyeing R$ 15 billion, vegetable oil, degraded lands, and sustainable fuel that still depends on future commercial-scale harvesting.

Research vessel departs from Fortaleza this Sunday for a 35-day mission to map the Brazilian ocean floor and search for unknown marine species, two-ton robot on board can descend up to 6,500 meters deep.