Braskem plans investment of US$100 mln in green PP plant

Braskem has confirmed plans for a US$100 mln expansion in Brazil in a move that will ramp up the company’s efforts to curb its environmental footprint. Braskem, the world’s first producer of green plastic produced from 100% sugar cane derivatives, plans to fund a new plant to produce 30,000 tpa of polypropylene, dubbed Green PP, from ethanol. The new plant will be built adjacent to Braskem's existing 200 tpa green PE facility, at it’s 60 km sq site in Rio Grande de Sul, and is expected to be completed in 2013. Currently, green PE is available at a premium of about 20% compared to conventional PE, but reduces the carbon impact by 2.3 kilo tons of CO2 per ton, vs gas or naphtha based PE.
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