Renewable Resources Brazil

Brazil: Growing from the Shadows With Renewable Resources

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Worldwide Chemical Industry Underlines Importance

Brazil is one of the most important nations for the chemical industry worldwide. In 2010, the overall market for chemical products amounted to US$ 155 billion. Brazil exported chemicals with a total value of US$ 13.1 billion, an increase of 25.3% over 2009, according to the Brazilian Chemical Industry Association ABIQUIM. Imports increased 29.1% to a total value of US$ 33.7 billion. The domestic production could not keep pace with the strongly rising national demand especially in pharmaceutical ingredients and crop protection.

Renewable Resources: World's Largest 'Green' Polypropylene Plant in Brazil

Given these preconditions, it may seem surprising that Brazilian growth rates are far from those of other BRIC-countries like India and China. One reason is the lower domestic savings rate, resulting in less available capital for investment. Another is that Brazil is a more mature economy already, having experienced a period of rapid growth from 1950-80, as Deutsche Bank Research states in a report on “Brazil 2020”.

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Brazil is reacting to its over-reliance on commodity exports and the increasing pressure of Chinese competition in the global markets. Politics and industry are set on developing especially the process industries with a focus on “green” products. Brazilian Braskem opened the world’s largest “green” polypropylene plant in 2010; German chemical company Lanxess is shifting its Brazilian rubber production to sugar-cane based ethylene.

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