Braskem Siam announces major ethanol acquisition

Bio-plastics producer Braskem Siam is planning to buy ethanol from Mitr Phol Bio Fuel to produce bio-ethylene, becoming the first factory in Asia to supply this environmentally friendly product to support global efforts to reduce carbon dioxide emissions.

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The announcement followed a letter of intent recently signed between Braskem Siam, a joint venture of SCG Chemicals (SCGC), and Brazil-based Braskem, a company that specialises in producing bioplastics.

Braskem Siam is to produce bio-ethylene for SCGC, which plans to use it as feedstock to produce bio-based polyethylene (bio-PE) that has the same carbon footprint and is recyclable, similar to conventional polyethylene.

Bio-PE is used in various industries, such as food packaging, personal care and toys.