Braskem, the leading thermoplastic resin producer in the Americas and the world's largest biopolymer producer, is the winner of the FINEP Awards in the Sustainable Innovation category that was created this year. This recognition comes in addition to the award from the Brazilian Innovation Agency in the Large Companies category presented to Braskem in 2011. The award ceremony was held at Palácio do Planalto, the official workplace of Brazil's President Dilma Rousseff, who was also present at the event.
To win the award, Braskem competed against 126 companies from all over Brazil. One of the pillars of the petrochemical producer's growth strategy is developing new technologies through research activities. Braskem began by developing Green Polyethylene, better known as Green Plastic, in 2007, and in the following year began supplying several companies. Production on an industrial scale began in September 2010, with supply beginning to Clients around the globe. Made from sugarcane ethanol, a 100% renewable resource, Green Polyethylene captures and sequesters up to 2.5 tons of carbon dioxide from the atmosphere for each ton produced.
Braskem's initiative marks a global milestone in innovation, making Brazil the leading producer of biopolymers on the planet. Identified by the "I'm greenTM" seal, the Green PE developed in Brazil is used to make hundreds of products in various countries. The creation of a plastic made from a completely renewable resource is aligned with the Company's innovation strategy and its commitment to expand the contribution it makes to sustainable development.