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Braskem S.A. reports news on its petrochemical and polymer business, including polyolefins, biopolymers, chemicals, petrochemicals, fuels, industrial utilities, and ADR-related company disclosures. The company’s operating updates commonly reference its Brazil/South America, United States and Europe, and Mexico activities, as well as production and sales trends across petrochemical complexes.
Recurring developments include circular and lower-carbon plastics, I’m green™ bio-based polyethylene, recycled and traditional polyolefins, packaging applications, healthcare and hygiene grades such as Medcol V7040, and collaborations tied to renewable or circular feedstocks. News also covers Form 20-F reporting, annual meeting materials, governance notices, and capital-structure-related communications.
Braskem S.A. (NYSE: BAK) reported its 4Q20 results, highlighting a recurring Operating Result of US$833 million, a 22% increase from 3Q20 and 246% higher year-on-year. The firm faced a net loss of R$6,692 million in 2020 due to geological event provisions. Despite this, net cash generation was R$1,276 million. The accident frequency rate decreased by 71% below the industry average. Significant advancements included renewed feedstock agreements with Petrobras and a resumption of chlor-alkali production in Alagoas.
Braskem S.A. (BAK) has reported significant financial results for 4Q20 and the full year 2020. The recurring Operating Result reached US$833 million, a 22% increase from 3Q20 and 246% from 4Q19, driven by improved spreads in key markets. However, the company experienced a net loss of R$6,692 million due to geological event provisions. Notably, Braskem generated positive net cash of R$1,276 million in 2020. Operationally, the accident frequency rate improved significantly, and new agreements with Petrobras for feedstock supply were concluded.
Braskem (BAK), the largest polyolefins producer in the Americas, announced the launch of Dansko's new Kane clogs made with over 50% of Braskem's renewable I'm green™ carbon negative EVA bio polymer. This eco-friendly material supports sustainable manufacturing and reduces carbon emissions. The Kane clog offers features such as shock absorption, a removable footbed for support, and a lightweight, durable design ideal for various activities. The I'm green™ bio-based EVA is produced from renewable sugarcane, contributing to the reduction of greenhouse gases.
Braskem (NYSE: BAK), a leading polyolefins producer, has launched polypropylene filament spools for 3D printing, available for online purchase via M. Holland's new eStore. This includes two grades of filament suitable for various applications. The product boasts properties such as recyclability, impact strength, and chemical resistance, enhancing its appeal in additive manufacturing. Braskem's investment in an additive manufacturing lab in 2020 supports its innovation goals in this sector. The filaments are designed for both industrial and consumer use, available in 1.75 mm and 2.85 mm diameters.
Braskem, the largest polyolefins producer in the Americas, announced the first international shipment of polypropylene from its new Global Export Hub in Charleston, S.C. This facility, supporting six U.S. polypropylene production sites, can export up to 450 million pounds (204 kilotons) of polypropylene annually. The collaboration with the Port of Charleston enhances logistics and distribution capabilities, benefiting both domestic and international clients. Approximately 60 permanent jobs have been created at the hub, significantly impacting local economic activity.
Braskem (NYSE: BAK) and Compact Membrane Systems (CMS) have finalized a joint development agreement for a pilot-scale demonstration of Optiperm™ technology, aimed at enhancing olefin production efficiency. The technology promises to reduce waste, lower carbon emissions, and cut energy usage during olefin recovery. The pilot demonstration is set to occur over 500 days at a Braskem production facility and involves producing high-purity paraffin and olefin streams. Construction of the pilot plant will begin in Q1 2021, led by Zeton, a global leader in modular systems.
Braskem (NYSE: BAK) has partnered with the University of Illinois Chicago (UIC) to explore new methods for producing ethylene using CO2 capture technology. This initiative aims to mitigate carbon emissions from industrial processes while creating sustainable feedstock for plastic production. The project, still in early development, seeks to validate UIC's research and integrate renewable energy to optimize manufacturing efficiency. Braskem's sustainability strategy targets carbon neutrality by 2050, supporting the circular economy and achieving significant waste diversion goals.
Braskem (NYSE: BAK) announced a collaboration with Encina Development Group to produce recycled polypropylene (PP) using innovative technology. Encina aims to construct a facility by late 2021 that will process 175,000 tons of plastic waste annually, creating over 90,000 tons of recycled chemicals. Braskem will collaborate on logistics, product quality, and a supply agreement for sustainable propylene feedstock. This partnership supports Braskem's commitment to a carbon-neutral circular economy and increasing their recycled product sales to 300,000 tons by 2025.
Braskem has completed a $10 million expansion of its U.S. Innovation and Technology Center in Pittsburgh, adding eight new R&D laboratories equipped for advancements in Catalysis, Recycling, and 3D Printing. This initiative enhances Braskem's R&D capabilities, supporting its sustainability goals and Carbon Neutral Circular Economy objectives. The project utilized eco-friendly construction materials, reinforcing the company's commitment to innovation and sustainability in plastics manufacturing.
Braskem S.A. (BAK) reported a recurring EBITDA of US$699 million for 3Q20, a 126% increase over 2Q20, driven by improved sales and spreads in the PE and PP markets. The company achieved a historic quarterly record of over 1,050 tons of resins sold domestically in Brazil. However, it faced a net loss of R$1,413 million due to geological provisions and exchange rate impacts. Notably, EBITDA from Brazil was US$529 million, accounting for 70% of total EBITDA. Braskem also committed to ambitious sustainability goals, including carbon neutrality by 2050.