Neste and Braskem have reached an agreement for the supply of renewable and recycled feedstocks for polymers and chemicals production.
Braskem products based on these feedstocks are expected to be available on the market starting from the fourth quarter of 2024. These products will be sold mainly in South America and included in Braskem’s Wenew product portfolio.
“This is a very important moment for the industry. We're introducing a new solution that will adhere to the industry’s high quality standards while ensuring sustainability right from the start of the value chain.
“This partnership with Neste is a significant milestone in our journey towards a circular economy,” stated Fabiana Quiroga, director of circular economy at Braskem in South America.
Braskem will sell polymer resins and chemicals made from Neste’s more sustainable feedstock Neste RE™ - the recycled feedstock, produced leveraging plastic waste via chemical recycling, and the renewable feedstock produced by processing renewable raw materials such as used cooking oil (UCO).
“We are excited to welcome Braskem as our partner in advancing the transformation of the plastics and chemicals industry towards more sustainable solutions,” said Jeroen Verhoeven, commercial director for polymers and chemicals at Neste. “We are looking forward to seeing our Neste RE solution in action in South America, reducing the dependence on virgin fossil feedstock in the production of polymers and chemicals.”
Neste and Braskem announce agreement on supply of feedstocks for chemical production
