PHILADELPHIA–( BUSINESS WIRE )–November 20, 2023–
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; Latibex: XBRK) (the “Company”), the largest polyolefin producer in the U.S. and the leading producer of biopolymers in the world, today announced that Braskem’s polymer recycling technology research partnership has been awarded a $504,000 research, demonstration and development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMED) Has been honored. ) ) Institute, a public-private partnership established by the United States Department of Energy (DOE). The winning RD&D project focuses on developing a new route for recycling ethylene-vinyl acetate (EVA) as a sustainable material solution for the footwear industry. The project is a partnership between Braskem America, Adidas, Allbirds, and the Massachusetts Institute of Technology (MIT). REMADE is the first US-based institute dedicated to transitioning the country to a circular economy.
“Braskem and REMED share a vision for building a more sustainable future, based on building a carbon neutral circular economy,” said Kimberly McLaughlin, Principal Engineer at Braskem. Together, we are creating the next generation of manufacturing and materials science technologies. We commend REMADE for its leadership in effectively connecting government and industry to accelerate the path toward a more sustainable economy and society.
The REMADE Institute enables early-stage applied research and development of key industrial platform technologies that can dramatically reduce energy and carbon emissions associated with industrial-scale materials production and processing. By focusing its efforts on the technological and economic barriers that prevent greater material recycling, recovery, remanufacturing and reuse, REMADE Institute inspires industry investment to advance technology development and support the U.S. manufacturing ecosystem. Wants to do. The U.S. Department of Energy and REMADE selected 14 projects with a total of $9.8 million in research and development funding through October 2023. Since the establishment of the institute in 2017, REMADE has launched or selected approximately 100 R&D projects, representing a total combined value of approximately $100 million.
Braskem RD&D Partnership project funded by REMADE:
Dynamic crosslinking to produce secondary feedstock from recycled EVA as a sustainable solution for footwear.
- This project aspires to reduce the waste generated from permanently cross-linked EVA, the rubber material that makes up the padding of shoe midsoles, through the development of a dynamic crosslinking technology that enables the direct reuse of process scraps and Post-service recyclability facilitates both. parts.
Nabil Nasr, Chief Executive Officer of REMED, commented, “Across the country and around the world, clean production, clean technology and the adoption of a circular economy are recognized as key drivers for a prosperous future. Our experts are working diligently with Braskem and its partners to achieve these critically important goals and, in the process, accelerate America’s transition to a circular economy. The anticipated results of Braskem’s project will move the United States closer to the nation’s energy conservation and emissions reduction goals.
The circular economy is a sustainability model that aims to keep resources in use for as long as possible, extract their maximum value during use, and then recover and regenerate products and materials at the end of the resource’s life cycle. Not only does it reduce environmental impact, it also provides new business opportunities and economic benefits, supporting innovation, job creation and global competitiveness.
REMADE-funded research projects seek to renew material production and processing on an industrial scale, while achieving multiple positive impacts across the following target technical performance metrics (TPM), including:
- Reducing primary feedstock consumption
- Reducing secondary feedstock energy
- increase embodied energy efficiency
- Reducing Greenhouse Gas (GHG) Emissions
- Facilitating cross-industry reuse
- Balancing cost and energy aspects
According to the US Department of Energy, manufacturing accounts for 25% of US energy consumption, at a cost of approximately $150 billion. Based on data from the US Environmental Protection Agency, the industry is the largest contributor to greenhouse gas emissions in the nation, with 30%. By embracing the circular economy, REMADE’s investments ensure America’s manufacturing sector remains globally competitive, while helping the country meet clean energy goals set by the Biden-Harris Administration, including achieving a net-zero-emissions economy by 2050. Will take you closer to doing.
Detailed information on all REMADE projects can be found at www.remadeinstitute.org.
about the remake
Established in 2017, REMADE is a 167-member public-private partnership established and funded by the U.S. Department of Energy’s Advanced Materials and Manufacturing Technologies Office (AMMTO) with an initial investment of $140 million. REMADE is the only national institute focused solely on the development of innovative technologies to accelerate America’s transition to a circular economy. In partnership with industry, academia, trade organizations, and national laboratories, REMADE enables early-stage applied research and development that will create jobs, dramatically reduce embodied energy and greenhouse gas emissions, and supply recycled materials. And will increase usage. For more information about REMADE (Reducing Absorbed Energy and Reducing Emissions), visit www.remadeinstitute.org.
With a strategy focused on people and sustainability, Braskem is engaged in contributing across the value chain to strengthen the circular economy. Braskem’s approximately 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 to various industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, etc. With 40 industrial units in Brazil, the United States, Mexico and Germany, Braskem exports its products to customers in more than 70 countries.
Braskem Americas is an indirect wholly owned subsidiary of Braskem SA, headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with five production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology Center in Pittsburgh, and a new Renewable Innovation Center in Boston that will take advantage of unprecedented developments in biotechnology. Is focused on. and advanced materials. For more information, visit www.braskem.com/usa.
This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. . These statements reflect Braskem’s current beliefs and expectations regarding Braskem’s business, the economy and other future conditions and are based on assumptions, are subject to risks and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the continuation of restrictions related to the COVID-19 pandemic or the continued impact of the pandemic; (ii) contraction or lack of growth in the market segments in which Braskem competes and where its products are sold (iii) unexpected delays in commissioning, (iv) increased competition in import or export markets, (v) inability to make future Anticipate market trends and the future needs of Braskem’s customers, (vi) the impact of natural disasters on Braskem’s facilities and its suppliers and (vii) other factors detailed in Braskem files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
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Contact: For press information: Braskem North America
1 (215) 841 3194
Megan Connor Murphy
Director, Marketing & Communications
1 (585) 339-8379
Keywords: Pennsylvania United States North America
Industry Keywords: Other Manufacturing Environmental Textile Chemicals/Plastics Sustainability Manufacturing Green Technology Recycling Retail Shoes
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Pub: 11/20/2023 08:02 AM/Disc: 11/20/2023 08:03 AM