Braskem Sa Stock Price, News & Analysis

Braskem S.A. has filed its Annual Report on Form 20-F for the year ending December 31, 2022, with the U.S. Securities and Exchange Commission. This filing is crucial for shareholders and the market, providing detailed insights into the company's financial performance and operations over the year. The report is now available on Braskem's Investor Relations website, and shareholders can request a free copy of the audited financial statements included in the report. For any inquiries, the Investor Relations Department can be contacted directly.

Braskem S.A. (NYSE: BAK) reported its 4Q22 earnings, highlighting a significant decline in financial performance. The company recorded a negative Recurring EBITDA of US$32 million, with a full-year EBITDA of US$2.1 billion, down 64% from 2021. Lower demand for petrochemical products, influenced by global market conditions and increased supply, contributed to the downturn. In 2022, Braskem faced a net loss of R$336 million. Despite this, the company maintained a cash position of US$2.4 billion, ensuring financial stability for the next five years. The earnings call is scheduled for March 23, 2023, at 10:00 a.m. ET.

Braskem S.A. has entered into a 10-year commercial agreement with Nexus Circular to supply certified circular polypropylene (PP) using advanced recycling technology. This partnership aims to divert plastics from landfills and produce sustainable virgin-quality plastics. Braskem targets selling 300,000 metric tons of recycled-content products by 2025 and 1 million metric tons by 2030. The collaboration will complement Braskem America’s existing portfolio of sustainable PP and PE products. Nexus Circular has diverted over 8 million pounds of plastics from landfills since 2018, underlining the project's potential environmental impact.

Braskem (NYSE: BAK) has announced plans to invest in producing carbon negative bio-based polypropylene (PP) in the U.S., marking a significant step in sustainability. This bio-based PP will utilize Braskem's proprietary technology to convert bioethanol into PP, maintaining the same technical properties and recyclability as traditional PP. The company aims for a biopolymer capacity of 1 million tons by 2030 and to achieve carbon neutrality by 2050. With the U.S. being a major ethanol producer, Braskem is exploring partnerships to support this project, which aims to reduce reliance on fossil feedstock and support the growing market for sustainable solutions.

Braskem (NYSE: BAK) has acquired taulman3D, a leading supplier of 3D filaments, enhancing its position in the additive manufacturing market. This acquisition bolsters Braskem's portfolio, adding nylon, recycled PETG, and PET filaments, and is expected to double its market share in this growing industry. The 3D printing market is projected to surge from $15 billion today to $78 billion by 2030, representing a 20% CAGR. taulman3D, established in 2012, operates globally through various distributors, emphasizing sustainability with its 100% recycled filament solutions.