MOSCOW (MRC) -- Braskem Q2 resin sales volume in Brazil increased by 11% compared to the same period last year due to higher market share, which had declined in 2Q21, said the company.
Compared to Q1, sales volume fell by 1% on stable local demand for polyethylene (PE) and polypropylene (PP).
Q2 exports increased by 29% from Q2 2021 because of better logistics conditions for exports. Compared to Q1, exports increased by 7% due to higher PE sales in the export market, given the lower PE availability in the US for exports and better logistics conditions for exports.
The average utilisation rate of crackers decreased by 2 percentage points to 74% compared to Q2 2021 due to last year’s scheduled maintenance in the Rio Grande do Sul petrochemical complex and Alagoas PVC plant, and due to the feedstock shortage at the petrochemical complexes of Rio de Janeiro and ABC, Sao Paulo, the Brazilian producer said. Compared to Q1, the average utilisation rate decreased by 12 percentage points.
As per MRC, Nexus Circular and Braskem, the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announced that they have signed a detailed Memorandum of Understanding (MOU) to secure the production output from a new advanced recycling facility planned near Chicago, IL.The new facility will have an initial capacity to convert over 30,000 metric tons annually of used plastic into new materials, with the potential to rapidly expand the processing capacity to over 120,000 metric tons annually.