21 July 2011 16:32 [Source: ICIS news]
HOUSTON (ICIS)--Brazil’s Braskem will soon begin producing naphtha from post-consumption recycled plastic in a partnership with Bahia-based Novaenergia, the company said on Thursday.
The deal will allow Braskem to produce 1.4m litres/year of naphtha from recycled plastic, at the company’s Camacari Complex in Bahia. It will also require Braskem to invest reais (R) 25m ($39m, €27) to help build Novaenergia’s recycling unit in Bahia.
“With the reuse of this plastic and the other recyclable materials extracted in the process, the amount of waste in landfills will decline by 50%,” the company said.
Braskem expects production to begin in late 2012.
($1 = R1.56) ($1 = €0.70)
For more on Braskem visit ICIS company intelligence
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