Neste to supply Braskem with bio-circular feedstocks for polymers production

Braskem, a pioneer in the production of biopolymers on an industrial scale, and Neste, a Finnish refining company, have reached an agreement for the supply of circular and bio-circular 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 RET : the circular feedstock, produced leveraging plastic waste via chemical recycling, and the bio-circular 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," emphasizes 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 of virgin fossil feedstock in the production of polymers and chemicals."

An ISCC PLUS (International Sustainability and Carbon Certification) certified mass balance approach will be applied to integrate the new feedstocks into Braskem's existing processes. This will give customers further reassurance regarding the uninterrupted chain of custody and the sustainable sourcing of the materials.