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Braskem Announces the Official Opening of its Renewable Innovation Center in Lexington, Massachusetts

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Braskem (NYSE: BAK) has officially opened its Renewable Innovation Center in Lexington, Massachusetts. This 35,000-square-foot facility aims to accelerate innovation in renewable chemicals and sustainable materials. The center will focus on early-stage science and engineering related to converting biomass-based feedstocks into sustainable chemicals and materials, enhancing Braskem's capabilities in biotechnology, catalysis, and process engineering.

Strategically located in Greater Boston's biotechnology hub, the center complements Braskem's global R&D efforts in the U.S., Brazil, Mexico, and Germany. This expansion aligns with Braskem's commitment to reducing carbon emissions and dependency on finite resources while promoting plastic circularity and driving the bio-based materials revolution.

Braskem (NYSE: BAK) ha ufficialmente aperto il suo Centro di Innovazione Rinnovabile a Lexington, nel Massachusetts. Questa struttura di 3.250 metri quadrati mira ad accelerare l'innovazione nei prodotti chimici rinnovabili e nei materiali sostenibili. Il centro si concentrerà su scienze e ingegneria nelle fasi iniziali relative alla trasformazione delle materie prime a base biologica in prodotti chimici e materiali sostenibili, potenziando le capacità di Braskem in biotecnologia, catalisi e ingegneria dei processi.

Situato strategicamente nel polo biotecnologico di Greater Boston, il centro completa gli sforzi globali di ricerca e sviluppo di Braskem negli Stati Uniti, in Brasile, Messico e Germania. Questa espansione si allinea con l'impegno di Braskem a ridurre le emissioni di carbonio e la dipendenza dalle risorse finite, promuovendo al contempo la circolarità della plastica e guidando la rivoluzione dei materiali biobased.

Braskem (NYSE: BAK) ha abierto oficialmente su Centro de Innovación Renovable en Lexington, Massachusetts. Esta instalación de 3,250 metros cuadrados tiene como objetivo acelerar la innovación en químicos renovables y materiales sostenibles. El centro se enfocará en la ciencia e ingeniería en etapas tempranas relacionadas con la conversión de materias primas de origen biológico en químicos y materiales sostenibles, mejorando las capacidades de Braskem en biotecnología, catálisis e ingeniería de procesos.

Ubicado estratégicamente en el centro biotecnológico de Greater Boston, el centro complementa los esfuerzos globales de I+D de Braskem en EE. UU., Brasil, México y Alemania. Esta expansión se alinea con el compromiso de Braskem de reducir las emisiones de carbono y la dependencia de recursos finitos, al mismo tiempo que promueve la circularidad del plástico y impulsa la revolución de los materiales biobasados.

Braskem (NYSE: BAK)은 매사추세츠주 렉싱턴에 재생 혁신 센터를 공식 개소했습니다. 이 35,000 평방 피트 규모의 시설은 재생 화학 물질 및 지속 가능한 소재 분야의 혁신 가속화를 목표로 하고 있습니다. 센터는 바이오매스 기반 원료를 지속 가능한 화학 제품 및 소재로 전환하는 초기 단계의 과학 및 공학에 중점을 두어 Braskem의 생명공학, 촉매학 및 공정 공학 능력을 향상시킵니다.

Greater Boston의 생명공학 중심지에 전략적으로 위치한 이 센터는 미국, 브라질, 멕시코 및 독일에서의 Braskem의 글로벌 연구 개발 노력을 보완합니다. 이 확장은 탄소 배출 감소와 한정된 자원 의존도를 줄이고 플라스틱 순환성을 촉진하며 바이오 기반 소재 혁명을 촉진하겠다는 Braskem의 약속과 일치합니다.

Braskem (NYSE: BAK) a officiellement ouvert son Centre d'Innovation Renouvelable à Lexington, dans le Massachusetts. Cet établissement de 3 250 mètres carrés a pour objectif d'accélérer l'innovation dans les produits chimiques renouvelables et les matériaux durables. Le centre se concentrera sur les sciences et l'ingénierie en phase précoce liées à la conversion de matières premières d'origine biologique en produits chimiques et matériaux durables, renforçant ainsi les capacités de Braskem en biotechnologie, catalyse et ingénierie des procédés.

Idéalement situé dans le pôle biotechnologique de Greater Boston, le centre complète les efforts globaux de R&D de Braskem aux États-Unis, au Brésil, au Mexique et en Allemagne. Cette expansion s'inscrit dans l'engagement de Braskem de réduire les émissions de carbone et la dépendance aux ressources finies tout en favorisant la circularité du plastique et en stimulant la révolution des matériaux biosourcés.

Braskem (NYSE: BAK) hat offiziell sein Renewable Innovation Center in Lexington, Massachusetts, eröffnet. Diese 3.250 Quadratmeter große Einrichtung zielt darauf ab, die Innovation im Bereich erneuerbare Chemikalien und nachhaltige Materialien zu beschleunigen. Das Zentrum wird sich auf frühe wissenschaftliche und technische Aspekte konzentrieren, die mit der Umwandlung biobasierter Rohstoffe in nachhaltige Chemikalien und Materialien zu tun haben, und die Kapazitäten von Braskem in Biotechnologie, Katalyse und Verfahrenstechnik erweitern.

Strategisch gelegen im biotechnologischen Zentrum von Greater Boston ergänzt das Zentrum die globalen F&E-Anstrengungen von Braskem in den USA, Brasilien, Mexiko und Deutschland. Diese Expansion steht im Einklang mit dem Engagement von Braskem, die Kohlenstoffemissionen zu reduzieren und die Abhängigkeit von begrenzten Ressourcen zu verringern, während gleichzeitig die Kreislauffähigkeit von Kunststoffen gefördert und die bio-basierten Materialrevolution vorangetrieben wird.

Positive
  • Opening of a new 35,000-square-foot Renewable Innovation Center in Lexington, Massachusetts
  • Expansion of Braskem's global Innovation & Technology footprint
  • Strategic location in Greater Boston's biotechnology ecosystem
  • Focus on early-stage innovation in renewable chemicals and sustainable materials
Negative
  • None.

Insights

Braskem's new Renewable Innovation Center marks a significant step towards sustainable materials innovation. The 35,000-square-foot facility in Lexington, Massachusetts, strategically positions the company at the forefront of bio-based industry developments. By focusing on biomass-based feedstocks like sugars, cellulose and plant oils, Braskem is addressing the important need for alternatives to petroleum-based plastics. This move aligns with global efforts to combat climate change and reduce dependency on finite resources. The center's location in a biotechnology hub enhances its potential for breakthrough innovations. However, the real impact will depend on the center's ability to translate research into commercially viable, sustainable products that can compete with traditional materials in terms of performance and cost.

Braskem's investment in the Renewable Innovation Center demonstrates its commitment to maintaining its leadership in biopolymers. As the largest polyolefins producer in the Americas, this move could significantly influence the industry's direction towards sustainability. The focus on early-stage science in biomass conversion could lead to patentable technologies, potentially creating new revenue streams and competitive advantages. However, the path from research to commercial products is often long and uncertain in the chemical industry. Investors should monitor the center's progress in developing scalable technologies and any partnerships or licensing agreements that may arise. While this initiative positions Braskem favorably in the growing sustainable materials market, it's important to balance the long-term potential against short-term financial impacts of R&D investments.

The opening of Braskem's Renewable Innovation Center aligns with increasing global pressure for industries to adopt sustainable practices. This proactive approach could position Braskem favorably as environmental regulations tighten and consumer demand for eco-friendly products grows. The focus on carbon capture through renewable raw materials production is particularly noteworthy, as it addresses a key aspect of climate change mitigation. However, the effectiveness of these efforts will depend on the scalability and cost-efficiency of the technologies developed. Policymakers and environmental groups will likely watch closely to ensure that the bio-based materials truly offer significant environmental benefits over their lifecycle. Braskem's initiative could serve as a model for other companies in the industry, potentially accelerating the broader transition to sustainable chemistry.

Braskem’s Renewable Innovation Center focuses on accelerating early-stage innovations in renewable chemicals and sustainable materials

PHILADELPHIA & LEXINGTON, Mass.--(BUSINESS WIRE)-- 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 announced the opening of its Renewable Innovation Center located in Lexington, Mass. Braskem’s new 35,000-square-foot innovation center will accelerate innovation in renewable chemicals and materials. Capabilities at the new center will expand Braskem’s competencies in biotechnology, catalysis, and process engineering. A particular focus will be given to early-stage science and engineering related to the conversion of biomass-based feedstocks, including sugars, cellulose, plant oils, and lignin, to sustainable chemicals and materials. This will enhance Braskem’s resources focused on the discovery of technologies that will drive new growth-oriented offerings centered around combating climate change. This innovation center is the latest expansion of Braskem’s global Innovation & Technology footprint.

Braskem's Renewable Innovation Center in Lexington, Mass. (Photo: Business Wire)

Braskem's Renewable Innovation Center in Lexington, Mass. (Photo: Business Wire)

Mark Nikolich, CEO of Braskem America, stated, “This is a great moment for Braskem and the bio-based industry as we continue to lead the change to a sustainable future. Braskem has a strong ambition to be a key player in carbon capturing through the production of materials with renewable raw materials. This innovation center even better positions Braskem to forge solutions that meet the needs of today and the future.”

The new center is strategically based in Greater Boston’s world-class biotechnology and innovation ecosystem, located within a one-hour drive of more than 60 universities and colleges. Work in the Renewable Innovation Center will complement Braskem’s global research and development work currently being conducted in the U.S., Brazil, Mexico, and Germany.

From promoting plastic circularity to driving the bio-based materials revolution, Braskem is committed to diminishing the dependency on finite resources and reducing carbon emissions while generating a positive impact for a better society.

Antonio Queiroz, Vice President of Innovation, Technology, and Sustainable Development at Braskem, stated, “We are excited for the official opening of our Renewable Innovation Center, which expands Braskem’s global I&T footprint to seven centers dedicated to research and development. The launch of Braskem’s Renewable Innovation Center will foster the development of new sustainable solutions for chemicals and plastics. We are increasing investments, dedicating resources, and attracting great minds to help us meet our ambitions to create a more sustainable future for everyone.”

To learn more visit https://www.braskem.com/sustainable-innovation.

ABOUT 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 9,000 team members dedicate themselves every day to improving 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, Braskem 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 five production plants located in Texas, Pennsylvania, and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Lexington, MA focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit www.braskem.com/usa.

Braskem on English social media:

www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem

FORWARD-LOOKING STATEMENT
This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. These statements reflect Braskem’s current beliefs and expectations with respect to Braskem’s business, the economy and other future conditions and are based on assumptions, are subject to risk and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the continuation of restrictions related to the COVID-19 Pandemic or the continuing effects of the Pandemic; (ii) the contraction or lack of growth in the market segments in which Braskem competes and in which its products are sold (iii) unexpected delays in commissioning, (iv) increased competition from imports or in the export markets, (v) inability to anticipate future market trends and the future needs of Braskem’s customers, (vi) the impact of natural disasters on Braskem’s facility and its suppliers and (vii) other factors detailed in documents Braskem files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

For press information, please contact:

Braskem North America

Stacy Torpey – (215) 841 3194 – stacy.torpey@braskem.com

Source: Braskem

FAQ

What is the purpose of Braskem's new Renewable Innovation Center in Lexington, MA?

Braskem's new Renewable Innovation Center aims to accelerate innovation in renewable chemicals and sustainable materials, focusing on early-stage science and engineering related to converting biomass-based feedstocks into sustainable products.

How large is Braskem's new Renewable Innovation Center in Lexington, MA?

Braskem's new Renewable Innovation Center in Lexington, MA is 35,000 square feet in size.

What capabilities will Braskem's new Renewable Innovation Center expand?

The new center will expand Braskem's competencies in biotechnology, catalysis, and process engineering, with a focus on converting biomass-based feedstocks to sustainable chemicals and materials.

How does the new Renewable Innovation Center fit into Braskem's global research efforts?

The new center in Lexington complements Braskem's global research and development work currently being conducted in the U.S., Brazil, Mexico, and Germany, expanding its global Innovation & Technology footprint to seven centers.

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