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Sustainea Launch Strategic Partnership with Origin Materials to Develop 100% Bio-Based Materials

Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Sustainea Bioglycols (“Sustainea”), a joint venture between Braskem (NYSE: BAK) and Sojitz Corporation, today announced a strategic partnership centered on advanced bio-based materials produced using Origin’s technology platform and Sustainea’s bio-based glycol products and market expertise. As part of the partnership, Sustainea signed two multi-year capacity reservation agreements to purchase renewable chemicals from Origin Materials, including bio-based PTA and bio-based FDCA. PTA is a fundamental feedstock for a broad variety of market applications, including PET polyester packaging, textiles, clothing, plastics, car parts, tires, carpeting, and toys. FDCA is a raw material whose commercial applications include surfactants, epoxy resins, and the next-gen polymer PEF (polyethylene furanoate). “We are very excited to join forces with Origin on the pathway to a low carbon future,” stated Gustavo Sergi, CEO of Sustainea. “Bringing to the market bioMEG and bioPET has always been our ambition and the partnership with Origin represents an important step towards this goal. The polyester and PET markets grow 3.5 million tons every year, so we have an important mission to develop our operation to supply the industry as soon as possible. From textiles to bottles, our bioMEG and bioPET will be there to be quickly absorbed by the market as a drop-in solution. Finally, these biopolymers are not only bio-based but also fully recyclable. This will contribute to a circular economy and to the reduction of CO2 emissions.” Full and complete content: https://www.businesswire.com/news/home/20230808398713/en/Origin-Materials-and-Sustainea-Launch-Strategic-Partnership-to-Develop-100-Bio-Based-Materials

Braskem and Sojitz Corporation launch Sustainea

Braskem, the market leader and pioneer in bioproducts production on an industrial scale, and Sojitz, a Japan-oriented global trading company, have announced the launch of Sustainea, which will produce and market bioMEG (monoethylene glycol) and bioMPG (monopropylene glycol). The market launch of the brand follows the approval of the joint venture (the process began in March 2022) by antitrust authorities. The business plan envisages the construction of three industrial plants, with the first unit slated for operational startup in 2026, taking advantage of market opportunities and feedstock availability. The locations where the industrial units will be built have not been defined yet and could be in Europe, Asia, the United States or Brazil.  The expectation in the business plan is that, once the technology is approved, the plants will have a combined production capacity of up to 700,000 tons per year of bioMEG. Sustainea will combine Braskem’s expertise in the industrial production and sale of chemicals and plastics made from renewable sources with Sojitz’s strong presence in Asia, a region that concentrates 80% of the global MEG market and where its consumption registered the highest growth. “This new company represents the joint efforts of both companies, which consider investments in renewable businesses of strategic importance.  Braskem has a comprehensive and global strategy of growth in the green sector, with the plan to increase its capacity in 1 million tons of bioproducts until 2030 Sojitz has a strong presence in Asia and has been Braskem’s partner for over 10 years in this segment,” said Gustavo Sergi, CEO of Sustainea Bioglycols. One of the project’s goals is to be the global market leader in bioMEG, a raw material used in the production of PET (polyethylene terephthalate). “Sustainea is born as a disruptive initiative in the petrochemicals market. We wish to positively impact the polyester and PET markets, which are continuing to grow, especially in Asia, driving the strong demand for sustainable and renewable products. Sustainea will also establish an entire production chain to ensure the supply of sustainable and competitive feedstock, as well as a logistics operation that ensures the lowest possible carbon footprint,” he explained. MEG is a raw material for PET, which has numerous applications and is an essential input in sectors such as textiles and packaging, especially beverage bottles. Currently, it is produced mainly from fossil-based raw materials such as naphtha, gas or coal, and its global market stands at around US$25 billion. On the other hand, monopropylene glycol (MPG) is a product that has a wide range of applications from unsaturated polyester resins (UPR), commonly used in construction sector, to cosmetics. Technology development In 2017, Braskem partnered with Topsoe AS (previously known as Haldor Topsoe), the world leader in solutions and technologies for the production of energy efficient fuels and chemicals, to test the innovative technology behind the conversion of sugar into bioMEG and bioMPG on a demonstration scale. Resulting from the technological cooperation between the two companies, the first bioMEG samples were produced in 2020. The technology for large-scale production is the final development stage and should be concluded within a year. “We embarked on a journey alongside our partners, combining the experience of over 70 years of Danish company Topsoe AS, the commercial expertise and sustainable development ambitions of Sojitz Corporation and Braskem’s experience as the leader in renewable chemicals and plastics to achieve our goal of delivering a sustainable solution with the potential to revolutionize the textile and PET packaging markets,” explained Gustavo Sergi. “The initiative is also aligned with the goals set by Braskem of becoming a carbon neutral company by 2050, underlining the company’s commitment to sustainable development by producing renewable chemicals.” For more information related to press, please contact: CDN Communication   braskem@cdn.com.br    (11) 3643-2906 (11) 3643-2919

Braskem and Sojitz Corporation join hands to bring renewable MEG technology to the market

Braskem, the market leader and pioneer in biopolymer production on an industrial scale, and Sojitz, Japan-oriented global trading company, have signed an agreement to establish a joint venture which will produce and market bioMEG (monoethylene glycol) and bioMPG (monopropylene glycol). Subject to the conclusion of technology development in 2022, the business plan includes the construction of three industrial units, with the startup of the first plant in 2025, taking advantage of market opportunities and feedstock availability. With the agreement signed, the establishment of the joint venture has been submitted to antitrust authorities for approval. The joint venture will combine Braskem’s expertise in the industrial production and sale of chemicals and plastics made from renewable sources with Sojitz’s strong presence in Asia, a region that concentrates 80% of the global MEG market and where its consumption registered the highest growth. “We are pooling the efforts, expertise and investments of the two companies that are references in their respective segments to create a global leader in bioMEG that can meet the strong market demand for sustainable and renewable products” said Gustavo Sergi, Renewable Chemicals & Specialties Officer at Braskem. “The partnership between Braskem and Sojitz marks the advance of technology – developed on a demonstration scale with Danish company Haldor Topsoe – to the commercial production phase with a clear combination of competencies and resources for scaling up,” he added. “We are pleased to have the partnership with Braskem. We promote this sustainable material to various industries globally with our strong and wide-ranged market networks.” said Manabu Endo, General Manager of Basic Chemicals Dept. at Sojitz. He added “This is a huge progress towards our ambition to realize 100% Biomass PET together with our project to produce bio Paraxylene, another raw material of PET, partnering with Japanese partners.” MEG is the raw material for the production of polyethylene terephthalate (PET), which has numerous applications and is an essential input in sectors such as textiles and packaging, especially beverage bottles. Currently, it is produced mainly from fossil-based raw materials such as naphtha, gas or coal, and its global market stands at around US$25 billion. On the other hand, monopropylene glycol (MPG) is a product that has a wide range of applications from unsaturated polyester resins (UPR), commonly used in the construction sector, to cosmetics.   Technology development In 2017, Braskem partnered with Haldor Topsoe, a leading developer and provider of solutions and technologies for production of energy efficient fuels and chemicals for a sustainable future to demonstrate the innovative technology for converting sugar into bioMEG and bioMPG on a demonstration scale. Resulting from the technological cooperation between the two companies, the first bioMEG samples were produced in 2020. “We embarked on a journey alongside our partners, combining Haldor Topsoe’s technology, Sojitz’s expertise and Braskem’s experience to achieve our goal of delivering a sustainable solution with the potential to revolutionize the textile and PET packaging markets,” explained Gustavo. “The initiative is also aligned with the goal set by Braskem to become a carbon neutral company by 2050, underlining the company’s commitment to Sustainable Development by producing Renewable Chemicals.”