Brazil is preparing to formalize a significant intervention in its industrial sector. Acting President Geraldo Alckmin announced this week that the Special Sustainability Program for the Chemical Industry (Presiq) will be regulated in the coming days. The initiative represents a R$ 15 billion commitment over the next five years, designed to sharpen the competitiveness of domestic chemical production through targeted tax credits for raw materials and infrastructure modernization.
The announcement followed Alckmin’s visit to Unipar’s manufacturing facility in Cubatão, São Paulo. The plant recently underwent a R$ 1 billion expansion supported by the Brazilian Development Bank (BNDES), highlighting the government's strategy of using state-backed financing to shore up industrial capacity. By linking these financial incentives to sustainability metrics, the administration aims to pivot a legacy industry toward more efficient, modern production cycles.
This move complements the expansion of the Special Regime for the Chemical Industry (REIQ), which provides an additional R$ 3.1 billion in relief for the petrochemical sector. Together, these programs suggest a broader effort by the Lula administration to revitalize Brazil’s manufacturing base, which has long struggled with high operational costs. The focus on sustainability serves as both a regulatory requirement and a strategic attempt to integrate Brazil’s industrial output into global green supply chains.
With reporting from InfoMoney.
Source · InfoMoney
