February 16 (Renewables Now) – Brazilian thermoplastic resin producer Braskem SA (BVMF:BRKM5) introduced on Tuesday that it has signed an off-take contract with French water, waste and power administration group Veolia (EPA:VIE) to purchase steam generated by a biomass-fired plant.
Underneath the settlement, Veolia Brasil will provide the steam from a brand new facility within the Brazilian state of Alagoas for a 20-year interval beginning in 2024.
In keeping with the resin producer’s press launch, considering the disbursements made by Braskem and Veolia, round BRL 400 million (USD 76.8m/EUR 67.8m) of funding shall be wanted to satisfy the contract phrases. The sum contains Veolia’s prices to construct an industrial and agroforestry park in Alagoas and Braskem’s investments to make operational changes at its industrial models.
With this deal, Braskem estimates it is going to be in a position to cut back its greenhouse gasoline emissions by round 150,000 tonnes yearly, cut back its carbon dioxide (CO2) emissions by 15% by 2030 and total change into carbon impartial by 2050, the corporate mentioned.
(BRL 1.0 = USD 0.192/EUR 0.170)