The partnership focuses on global licensing of commercial green ethylene technology, which will accelerate the development of chemicals and plastics made from bioethanol, a renewable feedstock.

Braskem, the largest biopolymer producer in the world, and Lummus Technology, a global provider of process technologies and value-driven energy solutions, have formed a partnership that aims to license worldwide Braskem's technology to produce green ethylene. This partnership will accelerate the use of bioethanol for chemicals and plastics, supporting the industry's efforts towards a carbon neutral circular economy.

Braskem is one of the pioneer suppliers of renewable raw material for bio-based plastics production and has recently announced a target to produce 1 million tons of I'm greenT polyethylene by 2030. Cooperation will be key to achieving this goal and this new partnership with Lummus will bring complementary knowledge and skills to shorten the timeline to the target, while at the same time extending the geographic reach of the technology.

Lummus, a recognized leader in ethylene production technologies, has licensed approximately 40 percent of global ethylene capacity, giving the company the technical capability as well as the licensing expertise to further develop and market the technology behind green ethylene. This partnership enables the license of the technology globally, in addition to the first two projects being developed in the US and Thailand, the later still under evaluation and subject to the approvals of the respective competent governance bodies.

This partnership is also aligned with Braskem's purpose to make people's lives better and supporting ways to foster a safe climate future. The demand for green ethylene is growing and the licensing of a proven technology that has been used for more than 10 years provide the necessary confidence for the future investments. Together, Braskem and Lummus are ensuring the growth of green ethylene production worldwide.

"Lummus brings licensing experience and process knowledge into this partnership to extend the reach of Braskem's proven green ethylene technology worldwide. With this initiative, we believe we are also contributing with an alternative for the industry to move towards a carbon neutral circular economy," said Walmir Soller, VP Olefins/Polyolefins Braskem Europe & Asia and CEO Braskem Netherlands BV.

"We are truly excited with this partnership, which helps the world diversify the feedstock sources for chemicals and plastics with biomass. Leveraging the combined experience and expertise of Lummus and Braskem to produce green ethylene thus reduces carbon footprint and plays a promising role in the energy transition. Braskem has already been operating the technology successfully at large scale, and together we are going to expand the world's production of low carbon chemicals and polymers from renewable feedstocks, helping our customers decarbonize their assets and produce greener products," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology.

With a global vision of the future, oriented towards people and sustainability, Braskem is engaged in contributing to the value chain in order to strengthen the Circular Economy. Its 8,000 team members dedicate themselves every day to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. With 40 industrial units in Brazil, United States, Mexico and Germany and net revenue of R$52.3 billion (US$13.2 billion), Braskem exports its products to clients in over 100 countries.

About Lummus Technology

Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide. To learn more about Lummus, visit www.LummusTechnology.com .

For further information, please contact:

Braskem Press Contact:
Eduardo Ramos
e-mail: eduardo.ramos@braskem.com
Phone: +31 06 2141 0188