This strengthens the central logistical role of the Rotterdam Polymer Hub in storing and transiting bioplastics in Europe, the company said in its release.

The Brazilian petrochemical group, quartered in Rotterdam for Europe and Asia, sees a key role for the port city of the Netherlands and has selected Rotterdam Polymer Hub, the plastic and polymer warehouse that opened in 2018 in Rotterdam.

The new storage facility will be the strategic center for the European and Asian markets for all biopolymers.

Biopolymers are made from bioethanol, also known as reusable or green polyethylene. A variety of natural raw materials, such as sugar beets and wheat, can make ethanol.

Braskem has set a target of becoming carbon neutral gradually. For instance, by 2030, the organization aims to achieve a 15% reduction in carbon emissions from its business activities. By the year 2050, Braskem wants to be carbon neutral. The company also focuses, in addition to reducing emissions, on making plastic waste reusable.

Maritime Business World