Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces its participation as a founding member and funding partner of the Polypropylene Recycling Coalition, a new initiative of The Recycling Partnership.
Braskem's collaboration within the Polypropylene Recycling Coalition will focus on increasing curbside recycling access for polypropylene (PP) to ensure this critical packaging material is widely recovered and reused in end-markets including food and beverage packaging, consumer products and automotive parts.
Geoffrey Inch, Braskem's North America Sustainability Director, states, "As the North American leader in polypropylene, Braskem is committed to strengthening the recycling and circularity of polypropylene. In addition to a financial commitment, Braskem is also bringing our technical expertise and market knowledge to drive necessary improvements in the U.S. recycling infrastructure for recovering polypropylene. Polypropylene is used in many vital applications that contribute to a sustainable and healthy life, and Braskem's collaboration with The Recycling Partnership is an essential step to ensuring PP recyclability for the clients and brand owners we serve."
In a announcement from The Recycling Partnership, Keefe Harrison, CEO, stated, "Together, we can stimulate a system-wide shift to increase the capture of polypropylene and demand of recycled content. We encourage all companies that utilize polypropylene to be part of the solution. The work of the Polypropylene Recycling Coalition to improve and increase the recovery of polypropylene will support jobs, preserve natural resources, and help build a circular economy in the United States."
The primary focus of the Polypropylene Recycling Coalition will be to achieve the same high levels of recycling for polypropylene (PP) as other plastics like polyethylene terephthalate (PET) and high-density polyethylene (HDPE).
In addition to the founding members of the Coalition like Braskem, there will also be an advisory committee of aligned organizations including Association of Plastic Recyclers, Closed Loop Partners, Sidewalk Infrastructure Partners, Sustainable Packaging Coalition, and World Wildlife Fund. Former EPA Administrator Carol Browner will serve as an independent advisor to the Coalition.
For additional information about Braskem's circular economy position please visit online at www.braskem.com/circulareconomy .
To learn more about the Polypropylene Recycling Coalition, the founding members, and how to join, visit recyclingpartnership.org/polypropylene-coalition .