Braskem And Oxiteno Sign A Partnership To Supply Bio-Attributed Ethylene
Portfolio Pulse from Benzinga Newsdesk
Brazilian petrochemical companies Braskem and Indorama Ventures IOD - Oxiteno have announced a partnership to supply bio-attributed ethylene from renewable sources. The raw material, certified by ISCC, will be used by Oxiteno to create new sustainable solutions. This is the first bio-attributed chemical product produced by Braskem from the certified mass balance approach, which co-processes traditional carbon sources with recycled or renewable components.
November 06, 2023 | 1:49 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Braskem's partnership with Oxiteno to supply bio-attributed ethylene could enhance its sustainability profile and potentially open new markets.
The partnership with Oxiteno to supply bio-attributed ethylene represents a significant step for Braskem in terms of sustainability. This could enhance the company's reputation and potentially open up new markets for its products, which could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100