By Jeffrey T. Lewis
SÃO PAULO–Braskem said Monday it signed an agreement to supply Indorama Ventures IOD-Oxiteno with the Brazilian chemical company’s bio-attributed ethylene.
The companies didn’t provide information on how much of the reduced-carbon compound Oxiteno would be purchasing. Ethylene is used as a raw material to make polyethylene and other industrial chemicals.
Bio-attributed ethylene is produced from traditional carbon sources, along with recycled or renewable components that give the product a more sustainable profile, Braskem said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
Corrections & Amplifications
This headline was corrected at 12:12 p.m. ET because it misstated that Braskem would be supplying Oxiteno with bio-attributed ethylene to Indorama. Braskem will be supplying Oxiteno with its bio-attributed ethylene.
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