Braskem Invests in Nexus Circular
02.01.22
This is only gets display when printing
Simpson Thacher represented Braskem America, Inc., an affiliate of Braskem S.A. (“Braskem”), in connection with a minority investment into Nexus Circular, LLC, a leader in advanced recycling that converts landfill-bound plastics into circular feedstocks used in the production of sustainable virgin plastics.
Braskem is the largest producer of thermoplastic resins in the Americas, with 29 plants in Brazil, six plants in the United States, two plants in Germany and four plants in Mexico. Braskem is the only producer of ethylene, polyethylene and polypropylene in Brazil and offers a diversified portfolio of petrochemical and thermoplastic products, including polyethylene, green polyethylene, polypropylene and polyvinyl chloride (PVC).
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Luiz Noronha and Fabiano Maia (Corporate); and Benjamin Rippeon and Tyler Robbins (Tax).