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Maria Tuxen Hedegaard—Courtesy of Lego

14

Braskem

BAK

Brazil

In 2007, Braskem, a $15.4 billion petrochemical firm (controlled by Petrobras and Odebrecht) announced that it had grasped a holy grail: green plastic, in the form of polyethylene made from sugarcane ethanol rather than fossil fuel. The process has environmental advantages: Because the cane crop captures CO2, and its biomass powers Braskem’s plant, it actually mitigates emissions. Braskem claims its annual output of 200,000 kilotons of green plastic results in an 850,000 kiloton reduction in CO2. The bioplastic, while still a small part of its business, is now used by 150 eco-minded brands including Danone (for milk bottles), Grupo Bimbo (for Nutella bread bags), and Lego (for toys).

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Impact Segment

Environmental Impact

Sector

Industrials

Industry

Chemicals

CEO

Fernando Musa

Employees

7,704

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$15,432

Profits ($M) (Last Fiscal Year)

$1,279

Market Value ($M)

$10,864