Braskem America Announces Renewable and Emissions-Free Power Purchases in Alignment with Commitment to a Carbon-Neutral Circular Economy
PHILADELPHIA, Nov. 9, 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 announced significant progress towards securing renewable and emissions-free power for its North American production facilities. The Company's current energy sourcing roadmap calls for more than a 15% reduction in carbon dioxide-equivalent emissions by 2030 with a path to carbon neutrality by 2050.
- Mark Nikolich, CEO of Braskem America, stated "Braskem has a clear commitment to helping create a Carbon-Neutral Circular Economy and everything is transformed.
- These initial agreements source energy from wind, solar, and nuclear as the first phase in Braskem America's carbon reduction goals.
- Richard Huh, Renewable Energy & Decarbonization Manager, Braskem America, "Braskem has a long-standing commitment to sustainability and carbon reduction initiatives, and our renewable and emissions-free power purchases reflect another major advance in our carbon neutrality framework in North America all helping advance our long-term carbon neutrality objective.
- Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia.