BRASKEM
Brazilian petchem giant sources circular feedstocks from Nexus / Deal for polyolefins to run for a decade
Brazil’s Braskem (São Paulo; www.braskem.com), the self-proclaimed largest polyolefin producer in the Americas, said it has signed a 10-year offtake deal for circular feedstocks from US-based Nexus Circular (Atlanta, Georgia; www.nexuscircular.com). The announcement follows Braskem’s acquisition of a minority stake in the American company last year (see Plasteurope.com of 14.02.2022).

Nexus converts landfill-bound plastics into circular feedstocks for production of sustainable virgin plastics used in packaging and other applications.

Braskem said the deal will help meet its goal of selling 300,000 t of products with recycled content by 2025 and 1 mn t/y by 2030.

Braskem America CEO Mark Nikolich said, “We look forward to a long and growing partnership with Nexus to secure high-quality feedstock for the production of Braskem's certified circular polypropylene resins. This supports our corporate initiative to develop a carbon neutral circular economy for plastics while supporting our clients’ goals for plastics with recycled content.”

Related: Braskem to study bio-based PP production in the US

This project is expected to add to Braskem America’s sustainable PP and polyethylene portfolio of nine post-consumer recycled (PCR) products, including two PP grades that can be used in a wide range of US FDA food contact applications.

Braskem said its PCR solutions for PP and PE suit a range of products such as consumer packaging, caps and closures, durable goods, automotive goods, and consumer housewares.
30.01.2023 Plasteurope.com [252068-0]
Published on 30.01.2023

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