Braskem Idesa

Braksem Idesa is a joint venture between Brazil’s Braskem and Mexico’s Grupo Idesa that operates the USD 5.2-billion Braskem Idesa Petrochemical Complex.

Braskem Idesa supplies quality raw materials to the plastic processing industry, which is responsible for creating applications related to food, housing, transportation and healthcare, among others. The company’s market is currently 50% exports, while the other half goes to the domestic market.

Recently, Braskem Idesa reached a milestone agreement with Pemex which included a new ethane supply scheme. Additionally, the Mexican government also committed itself to supporting Braskem Idesa’s new 80,000 bpd ethane port terminal located at Laguna de Pajaritos in Coatzacoalcos. This terminal will cover 100% of the needs of the company’s petrochemical facility and also its potential expansion. This venture is part of the Corredor Interoceánico del Istmo de Tehuantepec scheme.

Braskem Idesa will also continue to have the possibility of consuming ethane from Pemex but have the alternative of importing ethane from the US. This will allow the company to operate its Ethylene XXI complex at 100% of its total capacity.

The company has recently strengthened its partnership with Alcamare International Recycling Group, a leader in plastic collection and segregations, to produce post-consumer resin (PCR), which is a mix of residues and virgin plastic. Braskem Idesa also started exporting PCR to North America last year.

The company has a sustainability plan to reduce greenhouse emissions by 15% by 2028, and reach carbon neutrality by 2050.

Company website: www.braskemidesa.com.mx