The Brazilian petrochemical company has partnered with Dutch-based NXTLEVVEL Biochem to study market opportunities for solvent made from renewable raw materials.
The purpose of this collaboration is to launch more sustainable solvents in Latin America. The partnership encompasses solutions for segments such as paint and coatings, agrochemicals, personal care, homecare and industrial and institutional cleaning.
"Our goal is to join forces to advance our strategy to diversify our feedstock profile and build a more sustainable world, while expanding our presence in the market," said Fabio Barbosa, director of the Solvents business at Braskem.
Headquartered in the Netherlands, NXTLEVVEL is a joint venture company bringing together the industrial expertise of Towell Engineering Group with advanced technology developed by GFBiochemicals. The company has proprietary technology and vast experience in high-performance solutions in sustainable chemistry that, combined with Braskem’s efforts and dedication in developing chemical products, will be the starting point for further expanding Braskem’s solvents portfolio for Latin America.
"NXTLEVVEL and Braskem are collaborating to identify markets for derivatives of levulinic acid by leveraging the strength of our technology along with Braskem’s market leading position in solvents," commented Aris de Rijke, CEO of NXTLEVVEL Biochem. "NXTLEVVEL’s technology is highly innovative, proprietary and, for the first time, allows production of levulinate derivatives at industrial scale. The cornerstone is the patented biomass-derived levulinic acid technology and its esters, that enables the affordable production of biobased solvents and other biobased chemicals", de Rijke completes.
In addition to seeking to be the representative in Latin America for NXTLEVVEL’s products, Braskem remains committed to developing proprietary renewable solvents. The solvents market in Latin America registers annual sales of around 1.5 million tons, with approximately 55% (800 kilo tons per annum) of this volume sold in Brazil, where Braskem already holds market share of 25%.