Braskem Selected To Negotiate Terms Of A $50M Award From U.S. Department Of Energy To Drive Electrification Revolution
Benzinga Newsdesk 2 years ago
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Braskem's UTEC® - Accelerating the Future of U.S. Lithium-Ion Battery ManufacturingBraskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)), the Americas' leading polyolefins producer and a global pioneer in
Braskem's UTEC® - Accelerating the Future of U.S. Lithium-Ion Battery Manufacturing
Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)), the Americas' leading polyolefins producer and a global pioneer in biopolymers, today proudly announces that the company has been selected by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular weight polyethylene (UHMWPE) production capabilities in La Porte, Texas, specifically targeting the lithium-ion battery separator (LIBS) market.