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Braskem S.A. - BAK STOCK NEWS

Welcome to our dedicated news page for Braskem S.A. (Ticker: BAK), a resource for investors and traders seeking the latest updates and insights on Braskem S.A..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Braskem S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Braskem S.A.'s position in the market.

Rhea-AI Summary
Braskem S.A. reports its 4Q23 Earnings Release with a recurring EBITDA of US$211 million, higher than the previous quarters. The company also highlights a cash position of US$3.6 billion and significant cost reductions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.66%
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Rhea-AI Summary
Shell Chemicals partners with Braskem to supply bio-attributed and bio-circular propylene for more sustainable plastics production, supporting consumer demand in various markets.
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0.48%
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Rhea-AI Summary
Braskem donates $10,000 to upgrade the Mary M. Campbell Marcus Hook Public Library, supporting STEM education and local community development.
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-2.43%
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Rhea-AI Summary
Braskem, a leading polyolefins producer, organized its 25th blood drive in Neal, West Virginia, collecting 775 units of blood to support the community's health. The company's partnership with the American Red Cross showcases its commitment to social responsibility and community well-being.
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3.55%
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Braskem and WEAV3D Inc. announced that their innovative automotive door component prototype was selected as one of three finalists in the Automotive and Road Transportation – Process category of the JEC Composites Innovation Awards 2024. The combination of WEAV3D composite lattice reinforcement with Braskem PP enables lighter and less expensive thermoplastic solutions than conventional organosheet, unlocking new opportunities for the cost-effective replacement of sheet metal structures with thermoplastics throughout the vehicle. The technology can be applied to injection molding of more complex parts, with significant improvements in lightweighting, reduced costs, and higher material efficiency. The winners of the JEC Composites Award 2024 will be announced during an online award ceremony on February 8, 2024, and the Braskem-WEAV3D prototype part will be on display at the JEC World trade show in Paris, France from March 5-7, 2024.
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-3.82%
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Braskem (NYSE: BAK) secures $504,000 RD&D grant from REMADE Institute for polymer recycling technology research partnership with adidas, Allbirds, and MIT. The project focuses on innovating a new pathway for recycling ethylene-vinyl acetate (EVA) for the footwear industry, supporting the U.S.'s transition to a Circular Economy.
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Rhea-AI Sentiment
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2.08%
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partnership
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Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) has been awarded a $504,000 Research, Demonstration, and Development (RD&D) grant from the REMADE Institute for its polymer recycling technology research partnership with adidas, Allbirds, and MIT. This project aims to reduce waste and promote sustainability in the footwear industry through the development of a circular economy model.
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2.08%
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Rhea-AI Summary
Braskem (NYSE: BAK) has been awarded a $600,000 grant from the REMADE Institute to fund a recycling technology research project focused on innovating a new recycling process technology to extract pure polypropylene from multilayer packaging waste. The project is a partnership between Braskem America, Michigan Technological University, and the University of Wisconsin-Madison, and aims to revolutionize the circular re-use of multilayer plastic and potentially create a pathway to divert hard-to-recycle plastic waste from landfills into valuable new material feedstock sources.
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Rhea-AI Sentiment
End-of-Day
2.08%
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Rhea-AI Summary
Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) has been awarded a $671,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute, a public-private partnership established by the United States Department of Energy (DOE). The project focuses on new advanced manufacturing technology to produce sustainable and recyclable multilayer plastic films with outstanding properties for challenging applications. The partnership includes Braskem America, the University of Massachusetts Lowell, Dow Chemical, and Aquapak. The project aims to reshape the packaging industry's economic landscape by facilitating 100% material recovery, and it is well aligned with Braskem's ambition to expand its portfolio to include 300,000 tons of thermoplastic resins and chemicals with recycled content by 2025 and 1 million tons of such products by 2030. The REMADE Institute enables the early-stage applied research and development of key industrial platform technologies that could dramatically reduce the embodied energy and carbon emissions associated with industrial-scale materials production and processing. The circular economy is a sustainable model that aims to minimize waste by keeping resources in use for as long as possible, extracting their maximum value while in use, and then recovering and regenerating products and materials at the end of a resource’s life cycle. The REMADE funded research projects seek to innovate industrial-scale materials production and processing, achieving multiple positive impacts among the following Target Technical Performance Metrics (TPMs), including reducing primary feedstock consumed, reducing secondary feedstock energy, increasing embodied energy efficiency, reducing greenhouse gas (GHG) emissions, facilitating cross-industry reuse, and balancing cost and energy parity.
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Rhea-AI Sentiment
End-of-Day
2.08%
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Rhea-AI Summary
Braskem (NYSE: BAK) reports a 108% utilization rate in green ethylene production, with a 34% increase in recurring EBITDA to US$ 187 million compared to 2Q23.
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14.94%
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Braskem S.A.

NYSE:BAK

BAK Rankings

BAK Stock Data

4.34B
203.32M
3.08%
0.58%
Plastics Material and Resin Manufacturing
Manufacturing
Link
Brazil
Camacari

About BAK

Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market.