Braskem Commissions New UHMWPE Plant in Texas

United States: Braskem S.A., a leading American thermoplastic resin producing company, has announced the commissioning of a new Ultrahigh Molecular Weight Polyethylene (UHMWPE) Plant at its La Porte, Texas site. The company is involved in the sale of advanced UHMWPE under the trade name UTEC^®. The new North American UTEC^® UHMWPE plant is expected to start operations by the end of 2016. This new plant would aid Braskem to strengthen its presence in United States and European markets for UHMWPE. In addition to this, with the commissioning of new UHMWPE Plant, Braskem is aiming to enter growing, high-value application segments and begin supplying the product to customers in Asia. The new UTEC UHMWPE plant in Texas would allow Braskem to build stronger client relationships by means of advanced engineered polymers as well as generate additional high-quality engineering and production jobs in La Porte.

TechSci Research depicts that the initiation of this new Ultrahigh Molecular Weight Polyethylene (UHMWPE) Plant in Texas would complement Braskem’s existing product line in Brazil and establish the company as a global leader in Ultrahigh Molecular Weight Polyethylene industry.

According to the recently published report by TechSci Research, “Global Ethylene Market By End Use, By Region, Competition Forecast and Opportunities, 2011 - 2025”, the global ethylene market is expected to grow at a CAGR of around 11.26% during 2016-2025, on the back of growing demands for flexible packaging materials, disposable items and expanding real estate & construction sector, globally. Increasing awareness among people about package labelling and its advantages, along with production of light weight automobiles and expanding infrastructure sector in developing countries is expected to result in augmented demand for ethylene and its derivatives.