Received An Order For Basic Design Work For An Ethanol-Derived Bioethylene Production Facility In Thailand

First application of Lummus and Braskem's licensed bioethylene production method, EtE EverGreen, outside Brazil

Toyo Engineering Corporation (President and CEO: Eiji Hosoi, hereinafter referred to as TOYO) has been awarded a contract for front-end engineering design (FEED) services for an ethanol-derived bioethylene production facility by Braskem Siam Company Limited (Braskem Siam), a joint venture established in August 2023 by Brazil's Braskem SA (President and CEO: Roberto Bischoff) and Thailand's SCG Chemicals Public Company Limited (SCG Chemicals, President and CEO: Sakchai Patiparnpreechavud). This FEED is an important step towards the final investment decision (FID) of the project.

The final product, I'm green bio-polyethylene, is produced not from fossil feedstocks (such as naphtha derived from petroleum) but from renewable feedstocks such as ethanol derived from sugarcane. This production method, licensed by Lummus and Braskem, applies EtE EverGreen, which captures CO_₂ from the air and significantly reduces the carbon footprint (CFP)^* of the final plastic product. As a key raw material for the production of polyolefins, a type of plastic, bioethylene enables the production of sustainable plastic products, such as food packaging, household items, and toys. Choosing bio-based products allows manufacturers to move towards net-zero goals and contributes to the growth of the circular economy. Therefore, this bio-ethylene production facility is expected to make a significant contribution to the decarbonization of various plastic consumer materials.

TOYO's extensive experience in plant construction, including ethylene plants, in Thailand was recognized for this FEED order. TOYO will utilize the knowledge it has cultivated in the plant engineering business to drive the growth of the petrochemical sector for both companies, promote efforts to realize a carbon-neutral society, and contribute to the development of the rapidly growing Southeast Asian market.

^*Total greenhouse gas emissions (CO₂ equivalent) throughout the life cycle of a product or service, from raw material procurement to disposal and recycling