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Press Releases • November 6, 2023

ÎÚÑ»´«Ã½ and Oxiteno sign a partnership to supply bio-attributed ethylene

Committed to supporting the circular economy and fighting climate change, Brazilian petrochemical companies ÎÚÑ»´«Ã½ and Indorama Ventures IOD - Oxiteno announce a partnership to supply bio-attributed ethylene from renewable sources.

Bio-attributed ethylene, certified by ISCC (International Sustainability and Carbon Certification), will be used by Oxiteno to create new sustainable solutions.

This raw material is the first bio-attributed chemical product produced by ÎÚÑ»´«Ã½ from the certified mass balance approach. The concept co-processes traditional carbon sources with recycled or renewable components to develop chemical solutions with a sustainability attribute, maintaining properties and quality compared to conventional solutions. Furthermore, it contributes to reducing the use of fossil raw materials and greenhouse gas emissions.

"ÎÚÑ»´«Ã½ and Oxiteno have aligned sustainability initiatives and this partnership is of great importance for the growth strategy of both, being one more step for the industry towards a sustainable future. The initiative should define new paths for sustainability in our petrochemical sector", Marlisa Reche explains, Chemicals - Olefins and Aromatics Business Director at ÎÚÑ»´«Ã½.

"There is a significant connection between our innovation strategy and our sustainability objectives. This initiative aligns with our main guidelines of decarbonization and promoting eco-efficiency in our operations. This partnership further underscores our company's mission to 'Reimagine Chemistry Together to Create a Better World,' enabling us to develop innovative and sustainable products while ensuring our organization is prepared for the future", explains Andrea Campos Soares, Sr VP Business, Marketing & Innovation at Oxiteno.

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