Â鶹¾«Æ·

Â鶹¾«Æ· (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the opening of its Renewable Innovation Center located in Lexington, Mass. Â鶹¾«Æ·'s new 35,000-square-foot innovation center will accelerate innovation in renewable chemicals and materials. Capabilities at the new center will expand Â鶹¾«Æ·'s competencies in biotechnology, catalysis, and process engineering.  A particular focus will be given to early-stage science and engineering related to the conversion of biomass-based feedstocks, including sugars, cellulose, plant oils, and lignin, to sustainable chemicals and materials. This will enhance Â鶹¾«Æ·'s resources focused on the discovery of technologies that will drive new growth-oriented offerings centered around combating climate change.  This innovation center is the latest expansion of Â鶹¾«Æ·'s global Innovation & Technology footprint.

Mark Nikolich, CEO of Â鶹¾«Æ· America, stated "This is a great moment for Â鶹¾«Æ· and the bio-based industry as we continue to lead the change to a sustainable future. Â鶹¾«Æ· has a strong ambition to be a key player in carbon capturing through the production of materials with renewable raw materials. This innovation center even better positions Â鶹¾«Æ· to forge solutions that meet the needs of today and the future."

The new center is strategically based in Greater Boston's world-class biotechnology and innovation ecosystem, located within a one-hour drive of more than 60 universities and colleges. Work in the Renewable Innovation Center will complement Â鶹¾«Æ·'s global research and development work currently being conducted in the U.S., Brazil, Mexico, and Germany.

From promoting plastic circularity to driving the bio-based materials revolution, Â鶹¾«Æ· is committed to diminishing the dependency on finite resources and reducing carbon emissions while generating a positive impact for a better society.

Antonio Queiroz, Vice President of Innovation, Technology, and Sustainable Development at Â鶹¾«Æ· stated, "We are excited for the official opening of our Renewable Innovation Center, which expands Â鶹¾«Æ·'s global I&T footprint to seven centers dedicated to research and development. The launch of Â鶹¾«Æ·'s Renewable Innovation Center will foster the development of new sustainable solutions for chemicals and plastics. We are increasing investments, dedicating resources, and attracting great minds to help us meet our ambitions to create a more sustainable future for everyone."