Braskem to purchase pyrolysis oil from Vitol SA

Under the agreement, Vitol will start to supply Braskem Netherlands B.V. with pyrolysis oil produced in the chemical recycling process at the facilities of WPU – Waste Plastic Upcycling A/S (Fårevejle, Denmark).

The agreement with Vitol helps Braskem increase the circularity of its products around the world. It is part of the Wenew ecosystem, a concept that represents and consolidates Braskem's efforts in the circular economy on four pillars - products, education, technology, and circular design. The initiative has a significant impact on the company's growth strategy and the achievement of plastic waste reduction targets. By 2030, Braskem plans to sell 1 million tonnes of products with recycled material and recover 1.5 million tonnes of plastic from the environment.

"The circular economy is an objective linked to Braskem's business strategy. Adopting initiatives that include plastic waste recovery, mechanical, and chemical recycling in our production processes is connected to our company's purpose to provide a more circular and sustainable future. We believe that Vitol's infrastructure and expertise combined with WPU's plastic waste recycling technology will enable Braskem to take an important step towards developing sustainable solutions for our clients", said Walmir Soller, VP of Olefins and Polyolefins at Braskem Europe & Asia.

For Niels Stielund, chairman of the board at WPU, the agreement with Braskem is an important step. "We are delighted that we can support Braskem's efforts to achieve sustainability using the pyrolysis oil we produce at our factories. That a world-renowned actor like Braskem will now use our feedstock is a milestone for us and a stamp of approval for our proprietary technology. It also highlights how end-of-life plastic can be a valuable resource in a circular process instead of ending up in incinerators or landfills, and we are humbled and happy to embark on this journey with Braskem and Vitol", says Stielund. AT

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