09 November 2010 13:35 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Braskem’s output from its recently-started “green” polyethylene (PE) plant in Brazil was sold out and the firm expected the renewable chemicals market to become a $59bn (€42bn) business by 2014, a company official said on Tuesday.
“Sugar will be the crude oil of the future,” said Braskem’s vice president Roberto Ramos during a presentation at the 30th Latin American Petrochemical Association (APLA) annual meeting in ?xml:namespace>
Ramos touted sugarcane, which
The company plans to build a second green PE unit with 350,000 tonnes/year of capacity.
Braskem has also announced plans to launch “green” polypropylene (PP) production in 2013, using sugarcane ethanol as a feedstock.
The project would cost $100m and the plant would have a minimum capacity of 30,000 tonnes/year, according to the company.
($1 = €0.72)
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