A New Joint Investment Into Bio Based Ethylene Production For Bio Based Polyethylene In Thailand
Chemicals Business, SCG, is one of the biggest integrated petrochemical companies in Thailand and a key industry leader all over Asia offers an extensive range of petrochemical products covering from upstream production of olefins to downstream production of 3 main plastics resins; polyethylene, polypropylene, and polyvinyl chloride.
To better serve customers’ demands, SCG assigns prime importance to the development of new technology and innovation for the creation of high value-added products (HVA) and service commitments.
Braskem biopolymer producer around the globe has signed a memorandum of understanding (Mou) with SCG Chemicals, one of the largest integrated petrochemical companies in Thailand and an industry leader in Asia, to perform studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and bio-based polyethylene.
Tanawong Areeratchakul, President of SCG Chemicals adds: “We are committed to sustainability and advancing circular economy for a better society and environment. This MOU means we are examining potential opportunities for partnering and investing with Braskem to bring the production of bio-based polyethylene to Asia. This would help us to meet our pledge to become “Chemicals Business for Sustainability” and ensuring social and environmental stewardship following Esg standards (Environmental, Social, and Governance) while fostering United Nations’ Sustainable Development Goals (SDGS) and fulfill the increasing market demand towards environmentally friendly products in accordance with the guidelines for the development of Bio-Circular-Green Economy: BCG Model of Thailand.”
If the feasibility studies are approved with mutual agreement between parties, the production facility would be located in Map Ta Phut, Rayong, Thailand. This Project would allow the combination of Braskem’s technology and bio-plastics know-how with SCG Chemicals’ knowledge of the Asian market and expertise in PE production.
For more details: www.scgchemicals
