Published by Todd Bush on November 28, 2022
PHILADELPHIA, Nov. 28, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today joined the MIT Energy Initiative (MITEI) to help support and fund relevant research to advance the energy transition.
>> Additional Reading: Braskem’s Carbon Negative Biopolymers to Be Spotlighted by “World’s Greatest…!” Television Series
MITEI serves as MIT's hub for energy research, education, and outreach. In October 2021, the initiative launched the Future Energy Systems Center, a new research consortium designed to address the climate crisis and examine the role energy systems have in addressing it. As a member-supported research consortium, the Center collaborates with industrial experts and leaders — from both energy's consumer and supplier sides — to gain insights that help researchers anticipate challenges and opportunities of deploying technology at the scale needed to achieve decarbonization.
"We are honored to join the MIT Energy Initiative alongside several leaders within the industrials space that share our dedication to creating a safer planet and a more sustainable future," said Joshua Taylor, Open Innovation Specialist at Braskem America. "Through this membership, we hope to gain insights that will support Braskem's sustainability journey as well as contribute to research that is critical to addressing the climate crisis and creating solutions to reimagine the world's energy systems."
"We welcome Braskem to the Future Energy Systems Center at the MIT Energy Initiative," said Randall Field, executive director of the Center. "MIT has a long tradition of engaging with industry to solve the planet's most vexing problems. Braskem, with its focus on innovation and commitment to the energy transition, will provide welcome insights that can help inform our multi-sectorial research agenda."
Braskem has committed to a three-year membership agreement with MITEI and will participate alongside peer companies in offering guidance to research projects that are aligned with the company's long-term sustainability commitments. A committee of 11 MIT professors selects projects to create a research program with a high impact on decarbonization, while leveraging MIT's strengths and addressing the interests of center members in pragmatic and scalable solutions.
From promoting plastic circularity to driving the bio-based materials revolution, Braskem is committed to lowering the dependency on finite resources and reducing carbon emissions while generating a positive impact for a better society.
Braskem has clearly stated targets for growing the company's recycled content product portfolio to sales of 300,000 tons by 2025 and 1 million tons by 2030. Braskem's transition to a circular economy is deeply rooted in mechanical and advanced recycling solutions. By engaging and investing in partnership with other value-chain players Braskem is strengthening mechanical and advanced recycling, overcoming barriers, and ensuring the increased production of high-quality recycled material. All these initiatives are aligned with Braskem's feedstock diversification strategy and its macro goals of expanding the circular economy concept in the plastics chain and becoming a carbon-neutral company by 2050.
To learn more visit https://www.braskem.com/usa/macroobjectives.
The MIT Energy Initiative is MIT's hub for energy research, education, and outreach. MITEI links world-class academic research teams with industry and government to respond to specific energy challenges. Through these engagements, MITEI develops low- and no-carbon emissions solutions that will efficiently and affordably meet global energy needs while minimizing environmental impacts, dramatically reducing greenhouse gas emissions, and mitigating climate change. For more information, visit: https://energy.mit.edu/
>> In Company Spotlight: Braskem
With a global vision of the future oriented toward people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, and exports its products to clients in more than 70 countries.
Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with six production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Boston focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit www.braskem.com/usa.
SOURCE Braskem
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ✈️ SAF Isn’t a Buzzword Anymore - It’s 2025’s Breakout Fuel 🏅 Global Energy Prize Awarded to Three Scientists From China, USA and Russia ⚡ ACES Delta I Hydrogen Production and St...
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
Spiritus Technologies PBC, a company engaged in sustainable carbon removal, plans to establish operations in Sante Fe, New Mexico. The project is expected to create 40 jobs. The company will lease...
ACES Delta I Hydrogen Production and Storage
World’s largest green hydrogen storage facility being developed in Utah with funding from the U.S. Department of Energy (DOE) Loan Programs Office will help scale low-carbon energy for western stat...
Partnership Signals Breakthrough Collaboration in Carbon Removal and Sustainable Fuel Development for $1 Billion Clean Fuels Facility Monroe Sequestration Partners (MSP), a premier carbon storage ...
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center, where KC8 Capture Technologies' (KC8) advanced UNOGAS system – featuring the innovative UNO MK3 solve...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.