Braskem is one of the key players of this market. It has planned to produce low density polyethylene from ethanol. The production capacity of the plant is estimated to be nearly about 66 million pounds annually. The production expansion would help the company to manufacture bio-based polyethylene resins which in turn is used to manufacture carbonated beverage caps. The company has launched ethanol-to-ethylene project to manufacture bio-based polyethylene from ethanol. The total project cost was nearly $ 278 million. The production plant would help to deliver sustainable products to various industries such as packaging, fuel additives, and others. This development provided Braskem an edge over other players globally.
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In 2014, SABIC launched its new renewable polyolefins portfolio, which includes renewable polyethylene and polypropylene and is produced in its facility at Geleen, the Netherlands. Through this portfolio expansion, the company is fulfilling the increasing demand of bio-based polyethylene and polypropylene from the food packaging industry.
Mitsubishi introduced new non-woven floor mats manufactured from sugarcane molasses-based bio-polyethylene fiber. These plant based resins would be used in selective vehicles. This expansion strategy contributes to the enlargement of company’s business in bio- based polyethylene market.
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Total S.A. launched bio-based resins for rotomolding industry in North America. The company is manufacturing rotomolding polyethylene in pellet and powder form. This business expansion contributes to the enhancement of company’s business in the global bio-based polyethylene market.
The key players operating in the global bio-based polyethylene market are The Dow Chemical Company (U.S.), Borealis A.G. (Austria), Exxon Mobil Corporation (U.S.), Ineos (U.K.), Braskem S.A. (Brazil), Arkema S.A. (France), Mitsui Chemicals (Japan), SABIC (Saudi Arabia), Mitsubishi Chemical Holdings Corporation (Japan), Total S.A. (France), and others.
