Braskem and NXTLEVVEL Biochem join forces to study the solvents market for derivatives of levulinic acid
Type of post: NEWS IN BRIEF.
One of Braskem’s main businesses is solvents, and to leverage this segment, is now collaborating with Dutch-based company NXTLEVVEL Biochem for studies on solutions made from renewable raw materials. The agreement began in January and will be concluded in nine months.
Press release: “Braskem and Dutch-based NXTLEVVEL Biochem form collaboration to study the renewable solvents market”, 05/05/2021.
Figure 1. NXTLEVVEL’s technology allows production of levulinates at industrial scale. The cornerstone is the patented biomass-derived levulinic acid technology, that enables the affordable production of biobased solvents and other biobased chemicals.
Headquartered in the Netherlands, NXTLEVVEL is a joint venture company bringing together the industrial expertise of Towell Engineering Group with advanced proprietary technology developed by GFBiochemicals. The company has vast experience in high-performance solutions in sustainable chemistry that, combined with Braskem’s efforts and dedication in developing chemical products, will be the starting point for further expanding Braskem’s solvents portfolio for Latin America.
The partnership encompasses solutions for segments such as paint and coatings, agrochemicals, homecare, personal care, and industrial and institutional cleaning. In addition to seeking to be the representative in Latin America for NXTLEVVEL’s products, Braskem remains committed to developing proprietary renewable solvents. The solvents market in Latin America registers annual sales of 1.5 Mtons, with approximately 55% of this volume sold in Brazil, where Braskem already holds a 25 % market share.
