Braskem Partners with U.S. Department of Energy for $50M Award
Braskem Collaborates with U.S. Department of Energy
Braskem (NYSE: BAK), a leading provider of polyolefins and a pioneer in biopolymers, is excited to announce its selection by a key government entity to negotiate terms for a lucrative $50 million award. This funding comes from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains under the Bipartisan Infrastructure Law. The goal of this initiative is to enhance Braskem's capabilities in producing ultra-high molecular weight polyethylene (UHMWPE), specifically targeting innovations in the lithium-ion battery market.
Expanding Production Capabilities
The strategic investment will significantly bolster Braskem's production capabilities located in La Porte, Texas. By doing so, the company aims to meet the increasing demand for lithium-ion battery separators, essential components in energy storage solutions. The funding is projected to create over 250 skilled job opportunities across various sectors, including engineering, procurement, construction, and operational startup activities.
Driving Innovation in Lithium-Ion Batteries
Mark Nikolich, the CEO of Braskem America, expressed his excitement about this opportunity, noting, "Being selected by the U.S. Department of Energy for this award reaffirms our commitment to advancing U.S. battery manufacturing operations." This funding will enable Braskem to support North American clients by providing world-class UHMWPE domestically, further contributing to the electrification revolution.
The UHMWPE products, marketed under the trade name UTEC, are known for their remarkable properties, such as chemical stability, tensile strength, and thermal resistance. This makes UTEC the ideal choice for lightweight battery separators in electric vehicles, enhancing charging efficiency while minimizing carbon footprints.
Applications Across Various Industries
UTEC’s molecular weight is approximately ten times that of standard high-density polyethylene (HDPE). This unique formulation allows its use in various challenging applications across multiple industries, including construction, agriculture, transportation, food and beverage, and more. Braskem's innovative approach seeks to meet diverse needs while promoting sustainability and environmental responsibility.
Commitment to Sustainability
Braskem's mission extends beyond just producing high-quality products; the company aims to contribute positively to the global Circular Economy. With a workforce of nearly 9,000 people, Braskem focuses on sustainable practices and solutions in chemical and plastics production.
This commitment enables them to play a vital role in numerous market sectors, including healthcare, automotive, and manufacturing. Through its extensive network of 40 industrial units located in Brazil, the U.S., Mexico, and Germany, Braskem proudly serves clients in over 70 countries worldwide.
Innovation and Future Prospects
Braskem America, as a wholly-owned subsidiary, is equipped with multiple production facilities in Texas, Pennsylvania, and West Virginia. These sites are complemented by an innovation center in Pittsburgh that focuses on biotechnology and materials advancement. This infrastructure positions Braskem as a key player in the polyolefins market, particularly in the production of polypropylene in the United States.
Frequently Asked Questions
What is the purpose of the $50 million award to Braskem?
The award is designated to enhance Braskem's production capabilities in manufacturing ultra-high molecular weight polyethylene for lithium-ion battery separators.
How many jobs will this initiative create?
This project is expected to create over 250 skilled jobs across various sectors within Braskem's operations.
What unique features does UTEC offer?
UTEC is known for its superior chemical stability, tensile strength, and corrosion resistance, making it suitable for demanding applications in multiple industries.
What industries will benefit from UTEC?
UTEC can be used in construction, agriculture, transportation, and food and beverage, among others, showcasing its versatility.
How does Braskem contribute to sustainability?
Braskem is committed to supporting the Circular Economy by creating sustainably sourced chemicals and plastis, impacting various sectors positively.
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