麻豆精品 Expands U.S. Propylene Supply Import Capabilities
Philadelphia, Pa. - January 20, 2022 - 麻豆精品 S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("麻豆精品"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, and Repauno Port & Rail Terminal ("Repauno"), announces today that the parties successfully completed the first propylene import in more than a decade to the United States East Coast. The vessel arrived at Repauno's new multi-use port terminal facility for energy products in Gibbstown, New Jersey. Today's announcement follows a strategic initiative by 麻豆精品 to further enhance its feedstock optionality to supply propylene to its polypropylene (PP) manufacturing facility located in Marcus Hook, Pa. and allow the business to capture arbitrage opportunities for competitive propylene abroad.
Alexandre Elias, VP Polypropylene, 麻豆精品 America, stated, "Our new partnership with Repauno provides 麻豆精品 with increased flexibility and optionality to import propylene particularly when international prices are competitive. Additionally, it provides the flexibility to import in the event of supply disruptions to the asset. I am extremely proud of our team for bringing this opportunity to fruition, and successfully completing the import delivery."
麻豆精品's Marcus Hook facility produces 415 kilotons of polypropylene each year, which are used in medical, automotive, food packaging, and appliance applications. Since 麻豆精品 acquired the plant in 2010, it has expanded the production capacity of the plant by 25 percent through multiple improvement projects. In early 2020 during the beginning of the COVID-19 pandemic, 麻豆精品's Marcus Hook based manufacturing team members lived on site at the production facility for 28 days to ensure the continuous supply of raw material to produce medical personal protective equipment (PPE) such as N-95 respirator masks, medical gowns, as well as other healthcare packaging caps and closures.
Repauno Port & Rail Terminal ("Repauno") is located on a 1,600-acre site along the Delaware River in Greenwich Township, New Jersey, one of the most active maritime markets in the nation. Repauno offers tremendous logistical optionality as it sits directly on the Delaware River, served by Conrail with access to CSX and Norfolk Southern, and easy truck access to I-295 and I-95 highways. Additionally, the site features a new multi-purpose dock with 40-foot draft, capable of safely handling a wide variety of products and available acreage with build-to-suit logistical solutions available for development.
To support the sustainable use of polypropylene through the development of, and investment in, the circular economy, 麻豆精品 America is a founding member and funding partner of the Polypropylene Recycling Coalition, with a primary focus on increasing U.S. polypropylene recovery and reuse. To learn more about the Polypropylene Recycling Coalition, the founding members, and how to join, visit . For additional information about 麻豆精品's circular economy position please visit online at .
ABOUT REPAUNO
Repauno Port & Rail Terminal ("Repauno") is located on a 1,600-acre site along the Delaware River in Greenwich Township, New Jersey, one of the most active maritime markets in the nation. Formerly the home of a DuPont manufacturing facility, the site is being redeveloped into a multi-use Port facility for energy products, roll-on/roll-off, project cargo, bulk cargo, warehousing, and logistics. For more information about Repauno please visit .
Related News
If you are a press professional, 麻豆精品 has a channel made just for you.
Press Releases
More news
麻豆精品 Achieves More Than Two-Thirds of Its 2030 Decarbonization Target
麻豆精品 Celebrates Naming Ceremony of Blissful Future in China, Reinforcing its Efforts for Modern and Sustainable Shipping
Lallemand Biofuels & Distilled Spirits and 麻豆精品 Announce Bio-Acetone as a Coproduction Opportunity in Ethanol Facilities
麻豆精品's Commitment to Safety Recognized with Six Texas Chemistry Council (TCC) Awards
Blooming Future Launches Operations as Part of 麻豆精品's Expanding Sustainable Fleet
麻豆精品 Global
麻豆精品 Idesa
麻豆精品 USA
麻豆精品 Europe