18.10.2013 • NewsBASFBraskemBrazil

Styrolution and Braskem in Brazilian Styrenics JV

Styrolution, the Frankfurt, Germany-based styrenics joint venture of BASF and Ineos, has signed a memorandum of understanding (MoU) with Brazilian plastics giant Braskem on a 100,000 t/y plant for styrenics specialties and copolymers ABS and SAN to be built in Brazil and pencilled in to go on stream in 2017.

The facility, which the partners claim would be the sole producer of ABS and SAN specialities, in South America, would supply customers in the South American household appliances and automotive sectors. It is planned to be operated by a 70:30 joint venture majority owned by Styrolution, with the German company contributing its technology and polymers portfolio, with the Brazilian partner providing knowledge of the local and regional markets, supply chain infrastructure and as yet undisclosed site for the project.

Building on Styrolution's recently announced strategy to expand its footprint in emerging markets, grow its specialty styrenics business and focus on select, higher-growth industries, the proposed jv "ticks all the boxes," said CEO Roberto Gualdoni. 

The partnership would be an important step towards strengthening the petrochemical sector in Brazil, said Braskem CEO Carlos Fadigas, adding that it would create opportunities for the country to gain independence from imports in markets such as ABS.

 

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

most read

Photo
22.04.2025 • News

BASF Divests Two Joint Ventures in China

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.

Photo
13.03.2025 • News

Roche and Zealand Pharma Collaborate on Weight Management Drug

Swiss pharma heavyweight Roche announced has entered into an exclusive collaboration and licensing agreement with Denmark’s Zealand Pharma. Under the terms of this agreement, the two companies will collaborate to co-develop and co-commercialize petrelintide, Zealand Pharma’s amylin analog as a standalone therapy as well as a fixed-dose combination with Roche’s lead incretin asset CT-388.