Braskem and Sojitz to Form Joint Venture To Produce.Market BioMEG BioMPG

摘要

Tokyo-Braskem and Sojitz have entered into an agreement to create a joint venture that would produce and market bio-MEG(monoethylene glycol)and BioMPG(monopropylene glycol).Subject to the conclusion of technology development this year,the partners plan to build three industrial facilities,with the first unit scheduled to start up in 2025.The joint venture is subject to antitrust authorities'approval.The joint venture would combine Braskem's expertise in the industrial production and sale of chemicals and plastics made from renewable resources with Sojitz's strong presence in Asia.