Os investments in the chemical sector can reach R$1 billion by 2026informed the Brazilian Chemical Industry Association (Abiquim) this Friday (17).
Of this total, R$759.3 million is already being implemented by four companies in the segment: Braskem, Innova, OCQ Group and Unipar.
Added to the amount announced by the companies, there is also nine projects em analysis for the Ministry of Development, Industry, Commerce and Service (MDIC). Together, they should total around R$1 billion.
The amount is the result of the Special Chemical Industry Regime (Reiq Investimento), which benefits petrochemical plants and chemical industries that commit to expanding their installed capacity or installing new plants.
Braskem, for example, is considering investing another R$300 million in its industrial plants by 2026 through Reiq, the company’s president, Roberto Ramos, told CNN. The resources should be added to another R$614 million announced this Friday (17)
“We have a series of other projects that will be presented to the MDIC. We hope to be able to increase our investment guideline. All of them, with the same line, basically improving effectiveness, efficiency, in parallel increasing production as well”, he told CNN.
Innova — which will invest R$73.3 million in its business until August — intends to invest another R$30 million in its industrial plants in Manaus (AM) and Triunfo (RS) by 2026, said the vice-president of company, Reinaldo J. Kröger, at CNN.
According to the executive, the company will present new investment projects to the MDIC in 2025 so that the resources can be invested next year.
“We were the first company to receive Reiq approval. We start in March 2024. By August 2025, all investments will be ready,” Kröger told CNN.
In progress
R$614 million is related to seven Braskem projects.
The resources will be used to expand the company’s current production capacity by around 139 thousand tons in Bahia, Rio Grande do Sul and Alagoas. The amount will be disbursed throughout 2025 and 2026.
Another R$73.3 million will be invested by Innova. The resources will be applied to three industrial plants, located in Triunfo (RS) and Manaus (AM).
The OCQ Group — controller of 22 companies in the chemical sector — will invest R$15 million in its industrial plants. According to CEO Francisco Fortunato, the announcement reinforces the company’s commitment to the sustainable growth of the chemical industry.
“These are new technologies. The market will transform. The chemical industry will be sustainable and will start using a lot of green chemical products. Brazil is the country of agriculture. This is the moment. We hope to soon have Brazil with a green chemical industry”, Francisco Fortunato told CNN.
Unipar announced the investment of R$57 million to expand its capacity. Among the planned investments is increasing the production capacity of its factory in Santo André (SP).
“Unipar, believing in the future of the chemical sector, continues to invest in structuring projects. In recent years, we have initiated investment programs in electricity generation, modernization of the industrial park and increase in capacity […]. All these investments total around R$1.8 billion”, said Rodrigo Cannaval, president of Unipar.
The announcement was made by the companies in a ceremony alongside vice-president and minister Geraldo Alckmin.
“In the case of Reiq, the government is giving up a small amount of revenue by reducing the tax burden [da indústria química]. The Brazilian tax burden is equivalent to 34% of GDP. In China, it is 22%. Reducing taxes to stimulate investment is positive”, stated Alckmin.
See the investments announced this Friday (17):
- Braskem: R$614 million;
- Innova: R$73.3 million;
- Unipar: R$57 million;
- OCQ Group: R$15 million.
