Grace signs catalyst deal with Braskem for 'green' chemicals production
W. R. Grace & Co. signed a multi-year agreement with Braskem to develop process technologies and catalyst solutions to produce green chemicals, the companies said on Monday.
The agreement is intended to advance the commercialization of a process to convert renewably sourced feedstocks into value-added products, they said.
US-based Grace describes itself as a global supplier of catalyst technologies with positions in the petroleum refining and polyolefin market segments.
Meanwhile, Brazil-based Braskem is the leading thermoplastics resin producer in the Americas, with a stated goal of becoming the world leader in sustainable chemistry by 2020.
Details and financial terms of the agreement were not disclosed.
The use of renewable feedstocks is a growing trend in the global chemical industry, officials said.
The technology under development in the Grace-Braskem collaboration is based on carbon sources from renewable agricultural processes that contribute to lower carbon emissions than traditional feedstocks, company officials said.
We are pleased to have the opportunity to work in cooperation with the world leader in green plastics, said George Young, vice president of new business development at Grace.
This collaboration demonstrates our commitment to become a leading supplier of catalysts to the renewable chemicals industry.
Braskem said it recently announced plans to expand production of sugar-based bio-polyolefins.
We continue to innovate to meet market needs for more sustainable solutions, said Edmundo Aires, vice president of corporate innovation and technology at Braskem.
Were convinced this partnership will enable us to do this better.
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