Page 34 - Plastics News September 2021

BUSINESS NEwS

Braskem Signs MoU With SCG Chemicals For Joint Tekni-Plex Reorganizes

Investment In The Production Of Bioethylene Its Business Structure

raskem, the largest producer of President of SCG Chemicals adds: "We ekni-Plex, A
Bbiopolymers in the world, signed are committed to sustainability and Tglobal leader
a memorandum of understanding advancing the circular economy for a in the Healthcare
(MOU) with SCG Chemicals, one of better society and environment. This and Consumer
the largest petrochemical companies in MOU means we are exploring possible Product markets,
Thailand and an industry leader in Asia, partnership and investment options with has reorganized
to carry out studies to jointly invest in Braskem to bring about biopolymer it s busine ss
a new bioethanol dehydration plant in production to Asia. This would help us st r uc t ure
Thailand to produce bioethylene and fulfill our promise to become "Chemical into two key
I'm green TM biopolyethylene . If Companies for Sustainability" and ensure market-focused
implemented, this cooperation could social and environmental stewardship in divisions: Tekni-Plex Healthcare and
double the existing capacity of the bio- accordance with ESG (Environmental, Tekni-Plex Consumer Products. The
PE I'm green TM . "Amidst the growing Social and Governance) standards, reorganization is part of an intensive,
demand for sustainable solutions and while promoting the United Nations eight-month planning effort to evolve
a circular economy around the world, Sustainable Development Goals (SDGs) Tekni-Plex into an innovative partner
we continue to look for opportunities and meet the growing market demand leveraging proprietary material-science
to expand the availability of I'm green for environmentally friendly products application knowledge to provide
TM bio-PE . In addition to meeting in accordance with the guidelines for solutions to make the world healthier
customer expectations and contributing the development of the Bio-Circular- and more sustainable.“These are
to our commitment to carbon neutral by Green Economy: Thailand's BCG exciting times at Tekni-Plex. We are
2050, this project could be a milestone Model." If the feasibility studies are working hard to build an exciting
for Braskem's presence in Asia. We approved by mutual agreement between roadmap for growth – leveraging
are pleased to develop this potential the parties, the production facility will an incredible foundation of people,
partnership with SCG Chemicals, which be located in Map Ta Phut, Rayong, intelligence and resources to elevate
shares a similar vision with respect to Thailand. This project would allow the our role and value for our partners
sustainability and has a successful track combination of Braskem's technology and create growth and development
record in the industry chemical in Asia," and biopolymers know-how with SCG opportunities for our people,”
says Roger Marchioni, Braskem's Director Chemicals' knowledge of the Asian said Brenda Chamulak, Tekni-Plex
for Asia. Tanawong Areeratchakul, market and expertise in PE production. president and CEO. “We will partner
with customers to advance healthcare
technologies and lift world-leading
consumer brands.” The reorganization
includes redefining how the company
will deliver game-changing product
solutions to customers. Tekni-Plex
Healthcare will be responsible for all
diagnostic, drug delivery and medical
device products. Tekni-Plex Consumer
Products will cover all other products
in the food, personal care and beauty
and home markets. “This is just one
step in a very big effort to redefine
what we offer our customers and
how we can help them achieve better
patient outcomes and a greater brand
experience for their consumers,”
Chamulak said.

34 PLASTICS NEWS SEPTEMBER 2021 35 PLASTICS NEWS SEPTEMBER 2021