WILLICH, GERMANY (Sept. 15, 1:50 p.m. ET) — Bioplastics compounder FKuR Kunststoff GmbH will make compounds based on Braskem SA's bio-based green polyethylene for the European market.
The agreement between São Paulo-based Braskem and FkuR of Willich, Germany, was announced Sept. 15. Officials said the deal will result in the first tailor-made green PE compounds available in Europe.
FkuR CEO Edmund Dolfen described the agreement as “a substantial and important step towards increasing our renewable plastics portfolio.”
Braskem — Brazil's largest resin producer — opened a large plant making sugarcane-based PE in the second half of 2010 in Brazil. Each ton of Green PE produced captures up to 2.5 tons of carbon dioxide from the atmosphere, which helps to reduce greenhouse gas emissions, officials said.
In North America, FkuR had planned to open a production site in Michigan by mid-2011, but now has opted to place a location in central Texas, applications technology representative Steven Prindle said in a Sept. 15 phone interview.
No date has been set for the opening of the Texas site. The company already operates a sales office in Cedar Park, Texas. FkuR altered its plans because of timing and logistics issues connected to the Michigan site, Prindle said. He added that the company still is seeing a lot if interest in its line of eco-friendly products.
Privately held FkuR was founded in 2003 as a spinoff of Fraunhofer Institute, a research institute in Oberhausen, Germany. The firm ranks as one of Europe's largest bioplastics suppliers.