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Braskem to Supply Raw Materials to BASF's Bahia Project for Acrylic Acid Production

Published on 2011-11-28. Author : SpecialChem

Braskem has recently announced that it will supply propylene and other inputs for BASF's project in Bahia. Braskem, the largest producer of thermoplastic resins in the Americas and the global leader in the production of biopolymers, presented at the launch of the Production Complex for acrylic acid, butyl acrylate and superabsorbent polymers (SAP) in Camaçari, Bahia. With investments of around US$30 million, Braskem will be BASF's main strategic partner in the project, being responsible for supplying the new complex with propylene and soda.

Once the facility comes on stream, scheduled for 2014, Braskem's propylene and soda output will be routed to the domestic market, thereby reducing the surplus allocated to exports. This will benefit Brazil's trade balance by replacing imports, as well as favoring the entire acrylic acid production chain due to the project's production capacity and the size of the investment. The raw material to be supplied by Braskem, amounting to around US$200 million per year, will be used to produce acrylic acid, which is used in paint, as well as the textile and mining industries; butyl acrylate, which is a raw material for the textile and construction sectors; and superabsorbent polymers, which are used to produce diapers, as well as in water treatment and oil extraction, among other applications.

"This project, which strengthens our partnership with BASF, should fuel a new regional development cycle at the Camaçari Complex, given its high potential to attract other investments and add value in Brazil," affirmed Carlos Fadigas, Braskem's CEO.

About Braskem

A publicly traded company with operations in the international market, Braskem has shares listed on the stock exchanges of São Paulo, New York (NYSE) and Latibex, the Latin American section of the Madrid Stock Exchange. On the BMF & Bovespa, Braskem is listed on Level 1 for Corporate Governance and has been included in the Corporate Sustainability Index (ISE) since that differentiated portfolio was created in 2005. In 2002, the year of its creation, Braskem announced its Public Commitment with the guidelines that has guided its operations ever since. This document emphasizes the company's commitment to sustainable development and the economic and social growth of the regions and communities where it is active.

About BASF

BASF is one of the world's leading chemical company. Its portfolio ranges from chemicals, plastics, performance products, and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year.

Source: Braskem

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