Braskem to purchase plastic-waste-derived feedstock from Vitol SA, produced by WPU – Waste Plastic Upcycling A/S in Denmark
13 September 2023
Braskem and Vitol S.A. have entered into a significant agreement aimed at utilizing circular feedstock derived from plastic waste. As part of this arrangement, Vitol will commence the supply of pyrolysis oil, produced through chemical recycling at the facilities of WPU – Waste Plastic Upcycling A/S in Denmark, to Braskem Netherlands B.V.
Chemical recycling represents a complementary process to traditional mechanical recycling, enabling the recovery and conversion of plastic waste, which may not be suitable for mechanical recycling, into valuable raw materials for the chemical industry. This serves as a sustainable alternative to fossil fuel-based feedstock.
The collaboration with Vitol aligns with Braskem's global efforts to enhance the circularity of its products and is an integral part of the Wenew ecosystem, which encompasses Braskem's initiatives in the circular economy across four key pillars: products, education, technology, and circular design. These efforts significantly contribute to Braskem's growth strategy and its goals for reducing plastic waste. By 2030, Braskem plans to sell 1 million tons of products containing recycled materials and recover 1.5 million tons of plastic from the environment.
Walmir Soller, VP of Olefins and Polyolefins at Braskem Europe & Asia, emphasized the company's commitment to the circular economy, stating, "We believe that Vitol’s infrastructure and expertise combined with WPU’s plastic waste recycling technology will enable Braskem to take an important step towards developing sustainable solutions for our clients."
Tom Baker, Global Head of Naphtha Trading at Vitol, expressed his delight in supplying Braskem with pyrolysis oil from WPU, emphasizing the contribution to Braskem's global circularity goals and meeting clients' sustainability needs through waste-derived feedstock.
For Niels Stielund, Chairman of the Board at WPU – Waste Plastic Upcycling A/S, this agreement signifies a significant milestone. "It also highlights how end-of-life plastic can be a valuable resource in a circular process instead of ending up in incinerators or landfills, and we are humbled and happy to embark on this journey with Braskem and Vitol," Stielund remarked. This collaboration underscores the potential of recycling and upcycling to drive sustainable solutions in the plastics industry.