# Braskem and Sojitz form joint venture for bioMEG production

Braskem and Sojitz Corporation signed an agreement to establish a joint venture to produce and market bioMEG and bioMPG. The business plan includes construction of three industrial plants, with the first startup expected in 2025, subject to technology development completion in 2022 and antitrust approval.

- Type: Partnership
- Announced: 2022-03-25
- Status: announced
- Products: bioMEG, bioMPG
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (partner)
- [Sojitz Corporation](https://endata.com/companies/22549.md) (partner)

## Sources

- [braskem.com](https://www.braskem.com/news-detail/braskem-and-sojitz-corporation-join-hands-to-bring-renewable-meg-technology-to-the-market), 2022-03-25: "We are pooling the efforts, expertise and investments of the two companies that are references in their respective segments to create a global leader in bioMEG."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.