ASIA – Braskem and Toyota Tsusho, the trading company of Toyota Motor Group, have renewed their distribution agreement for the Brazilian petrochemical company’s I'm green polyethylene product in Asia.
The new agreement, in effect until 2018, involves HDPE (high density polyethylene), LLDPE (linear low density polyethylene) and LDPE (low density polyethylene), with the latter being the result of investments made this year by Braskem to expand its portfolio and serve a higher number of applications. Toyota Tsusho serves a broad range of clients in Asia, especially in Japan.
Among its benefits, the I’m green bio-based plastic from Braskem helps reduce the greenhouse effect since it captures more than 2 tons of CO2 from the atmosphere for each ton of product manufactured. It has properties identical to those of conventional polyethylene and its application is used in the cosmetics, beverages, retail, packaging for food and hygiene products markets, among others.
The companies say this partnership strengthens the alliance between the companies and reaffirms the interest in Asia for the product made from renewable sugarcane ethanol.
The original agreement between the companies was signed in 2010, the same year when Braskem inaugurated its green ethylene unit at the Triunfo Petrochemical Complex, with a production capacity of 200 kty.
"Toyota Tsusho supported the bio-based PE development project even when it was in the pilot plant phase at around 2007," says Luciano Guidolin, vice-president of the Polyolefins, Comperj and Renewables Unit at Braskem, “and has played a significant role in market expansion in Asia for products from renewable sources.”