Renewable Resources Brazil
Brazil: Growing from the Shadows With Renewable Resources
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”.
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.