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Braskem Produces Ethanol-Based Plastic
By Mr Ethanol | June 22, 2007
ABCMoney:
Brazilian chemical company Braskem SA said Thursday it produced the world’s first polyethylene made entirely of renewable raw materials, capitalizing on the country’s ethanol boom with a ‘green’ plastic for commercial use.
The petrochemical company, South America’s largest, said it developed the plastic from ethanol made from sugar cane. U.S.-listed shares of Braskem jumped more than 5 percent on the news, nearing their 52-week high of $18.73.
Chief Executive Jose Carlos Grubisich said the plastic has the same characteristics as existing petroleum-based products and could potentially be used in a wide range of household goods.
‘We are handing millions of consumers in Brazil and around the world a modern product for modern needs,’ he said at a press conference in Brazil that was broadcast over the Internet.
Polyethylene is a common plastic used in a wide variety of consumer products, including plastic bags, carpet, drink bottles and food jars. Like traditional polyethylene, the ethanol-based plastic would be recyclable, Grubisich said.
Braskem has contacted Brazilian and international companies about possibly integrating the ‘green’ plastic into their product lines, Grubisich said. He declined to name the companies, citing confidentiality agreements.
‘We are talking about global brands that are in North America, Europe and Asia,’ he said in an interview with The Associated Press. Some only want to purchase the finished product, while others have expressed interest in investing in the production process, he said. More.
Topics: Brazil, Ethanol, Industry, News, Technology |
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