Top Industry Leaders in the Ethoxylates Market
August 2023
Sustainea Bioglycols, a joint venture between Braskem and Sojitz Corporation, and Origin Materials, Inc., the world's leading carbon negative materials company with a mission to enable the global transition to sustainable materials, today announced a strategic partnership centred on advanced bio-based materials produced using Origin's technology platform and Sustainea's bio-based glycol products and market expertise.
Sustainea signed two multi-year capacity reservation agreements as part of the partnership in order to buy renewable chemicals from Origin Materials, such as bio-based FDCA and bio-based PTA. PTA is an essential feedstock for many different market applications, such as toys, car parts, tyres, carpeting, PET polyester packaging, textiles, apparel, and plastics. Commercial uses for FDCA raw materials include surfactants, epoxy resins, and PEF (polyethylene furanoate), a next-generation polymer.
Braskem and Sojitz aim to lead the world in bioMEG production through Sustainea. Since the production of 100% bio-based PET requires both bioMEG and bio-PTA, our goals to develop a low-carbon future for polymers—including bio-PET and advanced bio-based polymers integrating FDCA—are closely related. With its patented technology platform, Origin converts carbon from sustainable wood residues into products that are useful while also capturing carbon, the company hopes to produce bio-based FDCA and bio-based PTA.
Major players in the Ethoxylates market, including BASF SE, Roya Dutch Shell PLC, DowDuPont Inc., Huntsman International LLC, AkzoNobel N.V., Evonik Industries AG, Solvay SA, Mitsui Chemicals Inc., SABIC, Sasol Ltd., Ineos Group Limited, Arkema SA, and others