Braskem to purchase plastic-waste-derived feedstock from Vitol SA, produced by WPU – Waste Plastic Upcycling A/S in Denmark
12 Septembre 2023 - 3:00PM
Business Wire
Braskem will use the feedstock to grow its
circular products portfolio, contributing to the company’s public
commitments to increase sales of products with recycled
material.
Braskem and Vitol S.A. have announced an agreement for circular
feedstock derived from plastic waste. 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, in Denmark.
Chemical recycling is a complementary process to traditional
mechanical recycling. It enables plastic waste that is unfit for
mechanical recycling to be recovered and turned into valuable raw
materials for the chemical industry, an alternative to fossil
fuel-based feedstock.
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 tons of products with recycled material and
recover 1.5 million tons of plastic from the environment.
“The circular economy is an objective linked to Braskem’s
business strategy. Adopting initiatives that include plastic waste
recovery, and 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.
Global Head of Naphtha trading at Vitol, Tom Baker, said: “We
are delighted to supply Braskem with pyrolysis oil from WPU, which
complements Braskem’s desire to further the circularity of its
products globally. Incorporating waste-derived feedstock into the
supply chain is a cost-effective upcycling solution that will
ensure Braskem can meet its clients’ sustainable needs.”
For Niels Stielund, chairman of the board at WPU – Waste Plastic
Upcycling A/S, 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.
About Braskem
With a strategy centered on people and sustainability, Braskem
is engaged in contributing to the value chain to strengthen the
Circular Economy. Braskem’s almost 9,000 team members dedicate
themselves every day to improving people's lives through
sustainable solutions in chemicals and plastics. With its corporate
DNA rooted in innovation, Braskem offers a comprehensive portfolio
of plastic resins and chemical products for diverse industries,
such as food packaging, construction, manufacturing, automotive,
agribusiness, health, and hygiene, and more. With 40 industrial
units in Brazil, the United States, Mexico, and Germany, Braskem
exports its products to clients in over 70 countries.
Braskem on social media www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem www.twitter.com/Braskem
About Vitol
Vitol is a leader in the energy sector with a presence across
the spectrum: from oil to power, renewables, and carbon. Vitol
trades 7.4 million barrels per day of crude oil and products, and
charters around 6,000 sea voyages every year.
Vitol’s counterparties include national oil companies,
multinationals, leading industrial companies, and utilities.
Founded in Rotterdam in 1966, today Vitol operates from some 40
offices worldwide and is invested in energy assets globally
including 17 m m3 of storage globally, roughly 500 k b/d of
refining capacity, over 7,000 service stations, and a growing
portfolio of transitional and renewable energy assets. Revenues in
2022 were $505 billion. For more information, please visit
www.vitol.com.
About WPU
WPU – Waste Plastic Upcycling was founded in 2019 and is based
in Denmark.
WPU utilizes a proprietary batch technology. It is extremely
tolerant and can handle various types of plastic. It has an
indiscriminate intake of polluted plastic waste. Almost no sorting
of the plastic waste is needed before the pyrolysis process.
Only ISCC-certified end-of-life plastic is processed to ensure
the highest degree of sustainability possible. Circularity in the
pyrolysis process is ensured by using gas from the production to
keep the reactors running.
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