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Brazil's Braskem to consider Thailand JV with SCG Chemicals

SAO PAULO : Brazilian petrochemichals company Braskem SA on Thursday said it has signed an agreement with SCG Chemicals to consider a joint venture to invest in a bioethanol dehydration plant in Thailand.

The venture would produce bioethene and polyethylene in a plant in Map Ta Phut, Rayong, Braskem said in a securities filing. The project is alligned to the company's goal to reach carbon neutrality by 2050, it added.

(Reporting by Gabriel Araujo; Editing by David Goodman)

Source: Reuters

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