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Braskem America selects Charleston for its new global export hub

June 02/2020

MOSCOW (MRC) -- Braskem announced the selection of Charleston, South Carolina for its new global export hub facility to serve international customers, said Chemweek.

The hub will provide packaging, warehousing and export shipping services to support Braskem's polypropylene (PP) production facilities in the United States. With the design and development phase well underway, the new global export hub is expected to be completed by the third quarter of 2020 and will have a capacity to support export shipments of up to 204,000 metric tons/year of PP and specialty polymers. 
 
Braskem is partnering with the Port of Charleston and warehouse provider Frontier Logistics, which will construct, lease and provide services to Braskem under a five-year agreement. Ahead of the facility's completion, the company plans to continue to leverage its existing international export capabilities out of Houston, Texas, which will also be maintained following the launch of the new Charleston hub. The announcement of the new South Carolina facility complements Braskem's existing network of global export hubs which include facilities in North and South America and Europe. 
 
Mark Nikolich, Braskem America CEO said, "As the largest polyolefins producer in the Americas and the leading producer of polypropylene in the United States, Braskem is focused on reinvesting in its business and leadership positions to support our clients worldwide.  The build out of our new global export hub in South Carolina allows us to leverage our feedstock advantaged, polymer production assets in the US Gulf Coast, Pennsylvania and West Virginia, to best meet our international clients needs."
 
The new export hub facility is being developed as Braskem works to complete Delta, its new PP production line at La Porte, Texas, which is nearing completion and is scheduled for the launch of commercial production in the third quarter of 2020.

As MRC informed earlier, Brazils sole polyethylene (PE) producer Braskem will raise LDPE and PP prices for the rest of May by Real 150/mt (USD26.61/mt), according to industry sources, while HDPE and LLDPE prices will remain unchanged. Braskem is currently renegotiating its naphtha contract with Petrobras, as prices in North America have edged up on higher crude. The Brazilian petrochemical companys JV with Idesa in Mexico also has limited feedstock supply. In the beginning of May, the company reduced the price of all PE grades in May to address falling demand and a decline in international feedstock prices.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided.
Braskem S.A. produces petrochemicals and generates electricity. The Company produces ethylene, propylene, benzene, toluene, xylenes, butadiene, butene, isoprene, dicyclopentediene, MTBE, caprolactam, ammonium sulfate, cyclohexene, polyethylene theraphtalat, polyethylene, and polyvinyl chloride (PVC).


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, petrochemistry, Braskem.
Category:General News
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