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Braskem Underscores Commitment to Marcus Hook Polypropylene Plant

PHILADELPHIA (July 2, 2012) - Braskem, the leading resin producer in the Americas and the largest polypropylene producer in the United States, announces that it acquired the propylene splitter assets at Sunoco's former refinery in Marcus Hook, Penn., and has secured feedstock supply from multiple sources that ensures its continuing operations. As part of the agreement, Braskem will process propylene through the splitter assets for use in its adjacent polypropylene plant. This transaction represents an important step in preserving the viability of Braskem's Marcus Hook polypropylene facility for the foreseeable future and solidifying Braskem's continued commitment to the North American petrochemical market.

"We are very pleased to complete this transaction and to bring certainty to our clients, employees and the local community regarding the future of operations at our Marcus Hook site," said Fernando Musa, CEO, Braskem America.

 

ABOUT BRASKEM

Braskem is the Americas' top thermoplastic resins producer. With 35 industrial plants spread across Brazil, United States and Germany, the company produces over 35 billion pounds of thermoplastic resins and other petrochemicals per year. Braskem is the world's leading biopolymers producer with its 440 million pound Green PE plant that produces polyethylene from sugarcane-based ethanol.

Braskem America is the leading producer of polypropylene in the U.S., with five production plants located in Texas, Pennsylvania and West Virginia, and a Technology and Innovation Center in Pittsburgh. Headquartered in Philadelphia, Braskem America is a wholly owned subsidiary of Braskem S.A. For more information about Braskem and its products, visit www.braskem.com.