03 October 2008 20:34 [Source: ICIS news]
By Leela Landress
HOUSTON (ICIS news)--With a growing list of ethanol made from sugarcane projects and joint ventures, petrochemical companies have set their sights on Brazil as the principal investment partner for bioethylene development and green plastics, an ethanol specialist said on Friday.
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“You have to realise that
The Brazilians efficiently produce ethanol from sugarcane because they began the process in the 1980s after the Arab oil embargo crippled world markets, Blume remarked.
“They tend to have the plant on-site and don’t have to transport chemicals long distances like we do here in the
Due to the limited nature of fossil energy, leading to higher prices and volatility, a technology push and regulatory pull is making renewable energies increasingly attractive, said Richard Jordan, an international patent attorney specialising in biofuels.
“The economic and technical environment is totally different from the
Projects on the horizon
Braskem has invested over $160m (€115m) in research and development (R&D), with eight pilot plants focused on improving technology and creating products for value-added markets, the company said. Braskem plans to make plastic via its Green Polymer project.
Braskem is not the only company to see the bioethylene market as a good investment.
Toyota Tsusho Corporation and Braskem agreed to work together in marketing green polyethylene from sugarcane to
Braskem said it will build a high density polyethylene (HDPE) and low density polyethylene (LDPE) 200,000 tonne/year facility at its site in
Solvay has invested in bioethanol projects in
($1 = €0.72)
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