LA PORTE, Texas and
PHILADELPHIA, May 10, 2018 /PRNewswire/ -- Braskem (B3:
BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest
thermoplastic polyolefins producer in the Americas and the
worldwide leader in biopolymers, and The Linde Group (Linde AG
- Frankfurt Stock Exchange: LIN and LINU), the lead engineering,
procurement and construction (EPC) contractor for Braskem's new
world-scale North American polypropylene (PP) production line,
today announced that Bilfinger Westcon Inc. has been selected as
the lead mechanical subcontractor.
Braskem has committed up to $675
million towards the design and construction of the new PP
production line named Delta which is being constructed next to
Braskem's existing production facilities in La Porte, Texas. With the initial steel
erection phase now underway, the final phase of main construction
remains on track and targeted for the first quarter of 2020.
The new plant will have a production capacity of 450 kilotons (kt),
or the equivalent of approximately 1 billion pounds, per year.
Mark Nikolich, Braskem North
America Chief Executive Officer, stated, "Today we are pleased to
announce another significant step forward in the development of
Delta, which is set to be the largest polypropylene production line
in the Americas. With the recent milestone delivery of the reactors
to the Delta site, Braskem and The Linde Group, as our lead EPC
contractor have appointed Bilfinger Westcon, a leading construction
service provider to the chemical and specialty chemicals
industries, as our lead mechanical subcontractor. This appointment
keeps us on track for our original Delta project timeline and
further supports our leadership position as the largest producer of
polypropylene in the Americas."
Dr. Christian Bruch, Member of
the Executive Board of The Linde Group and responsible for the
company's engineering business, said, "We are glad to see that
construction of Braskem's major Delta polypropylene project in
La Porte is proceeding very well.
With Bilfinger Westcon, Braskem and Linde have chosen a mechanical
subcontractor with whom we have worked together successfully on the
construction of several industrial plant projects."
As the lead mechanical subcontractor on the Delta project
Bilfinger Westcon will be responsible for the installation of
structural steel, piping, and industrial process equipment through
the completion of the facility construction. The new Delta line
will represent additional production capacity of homopolymers,
random copolymers, impact copolymers, and reactor TPOs, building
upon Braskem's current polypropylene production plant in
La Porte which has a production
capacity of 354 kt annually and will continue operations. Braskem
also maintains a UTEC Ultra High Molecular Weight Polyethylene
(UHMWPE) production plant located at the same La Porte site.
The construction of Braskem's new Delta production line is
expected to positively impact economic activity in the La Porte region, employing approximately 1,000
development and construction workers to fully construct the
facility. The Delta production line design is being developed
directly in-line with Braskem's commitment to sustainability and
attention to eco-indicators such as emissions, water, and energy
efficiency, as well as recycling and waste reduction.
For additional information on Braskem's new Delta production
line announcement and progress, please visit
www.braskem.com.br/usa/delta.
Braskem is hosting a client and partner pavilion at NPE2018, the
world's leading plastics trade show and conference, from
May 7-11, 2018 in Orlando, Florida and is offering attendees a
virtual reality tour of new Delta PP production line. Visit us in
the South Hall at booth S22001 to meet with the Braskem team.
ABOUT THE LINDE GROUP
In the 2017 financial year, The Linde Group generated revenue of
EUR 17.113 bn, making it one of the
leading gases and engineering companies in the world, with
approximately 58,000 employees working in more than 100 countries
worldwide. The strategy of The Linde Group is geared towards
long-term profitable growth and focuses on the expansion of its
international business, with forward-looking products and services.
Linde acts responsibly towards its shareholders, business partners,
employees, society and the environment in every one of its business
areas, regions and locations across the globe. The company is
committed to technologies and products that unite the goals of
customer value and sustainable development. For more information,
see The Linde Group online at www.linde.com
ABOUT BILFINGER WESTON
Founded in 1981, Bilfinger Westcon is a diversified industrial
construction company that provides a comprehensive range of
construction services to large industrial processing facilities
throughout the United States. The
company specializes in large-scale construction solutions for a
diverse mix of clients. The industrial markets served include oil
and gas, refining, chemical, agriculture and food processing,
power, biofuels, renewables, mining/minerals, and specialty
services. To learn more please visit online at
www.westconindustries.com.
ABOUT BRASKEM
With a human-oriented global vision of the future, Braskem
strives every day to improve people's lives by creating sustainable
solutions with chemicals and plastics. Braskem is the largest
producer of thermoplastic resins in the Americas and the leading
producer of biopolymers in the world, creating more
environmental-friendly, intelligent and sustainable solutions
through chemicals and plastics. Braskem exports to clients in
approximately 100 countries and operates 41 industrial units, which
are located in Brazil,
United States, Germany and Mexico, the latter in partnership with the
Mexican company Idesa. For more information, visit
www.braskem.com.
Braskem America is an indirect wholly owned subsidiary of
Braskem S.A. headquartered in Philadelphia. The company is the leading
producer of polypropylene in the United
States, with six production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology
Center in Pittsburgh, and a new
operation in Boston focused on
leveraging groundbreaking developments in biotechnology and
advanced materials. For more information, visit
www.braskem.com.br/usa.
Forward-Looking Statements
This press release
contains projections and other forward-looking statements (within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended)
regarding future events. These statements reflect Braskem's current
beliefs and expectations with respect to Braskem's business, the
economy and other future conditions and are based on assumptions,
subject to risk and uncertainties, and are subject to change at any
time. Actual events or results may differ materially from those
contained in such forward-looking statements. Important factors
that could cause actual results to differ materially from the
forward-looking statements contained herein include, without
limitation: (i) the contraction or lack of growth in the market
segments in which Braskem competes and in which Braskem products
are sold, (ii) inability to anticipate future market trends and the
future needs of Braskem's customers, (iii) the impact of natural
disasters on Braskem's suppliers and (iv) other factors detailed in
documents Braskem files from time to time with the Securities and
Exchange Commission. Forward-looking statements in this
release are made pursuant to the safe harbor provisions contained
in the Private Securities Litigation Reform Act of 1995.
Braskem on social
media:
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The Linde Group on
social media:
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www.facebook.com/BraskemGlobal
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www.facebook.com/lindeag
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www.linkedin.com/company/braskem
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www.linkedin.com/company/the-linde-group
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www.twitter.com/BraskemSA
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www.twitter.com/The_Linde_Group
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SOURCE Braskem