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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 America has secured renewable energy contracts to cut its CO2 emissions significantly, aiming for over a 15% reduction by 2030 and carbon neutrality by 2050. The company has signed power purchase agreements in West Virginia and Pennsylvania and will utilize energy from wind, solar, and nuclear sources. CEO Mark Nikolich emphasized this initiative as a step towards building a Carbon-Neutral Circular Economy. Braskem strives for sustainable operations, aligning its efforts with broader environmental goals.
Braskem has announced the construction of a new Renewable Innovation Center in Lexington, Massachusetts, focusing on early-stage innovations in renewable chemicals and sustainable materials. The investment of approximately $20 million aims to enhance Braskem's capabilities in biotechnology and catalysis, aligning with its commitment to a Carbon-Neutral Circular Economy. The center will complement existing R&D operations and is expected to be operational in the second half of 2023, supporting Braskem's position as a leader in renewable polymers.
On September 20, 2022, Essentium announced a partnership with Braskem (NYSE: BAK) to provide a fully integrated additive manufacturing solution. This collaboration combines Essentium's High Speed Extrusion 3D Printer with Braskem's unique line of recycled polyolefin materials, aimed at enhancing sustainable production of 3D printed components. The partnership focuses on the democratization of 3D printing, making it more accessible and affordable for various industries. Braskem's recycled materials are designed to meet the needs of the growing additive manufacturing market.
Braskem has signed a Memorandum of Understanding (MOU) with Nexus Circular to establish a new advanced recycling facility near Chicago. This facility aims to convert over 30,000 metric tons of used plastics into high-quality materials annually, potentially expanding to 120,000 metric tons. The MOU grants Braskem exclusive rights to the output, supporting its goal of selling 1 million metric tons of recycled-content products by 2030. Braskem emphasizes its commitment to sustainability and reducing plastic waste through this partnership with Nexus Circular.
Braskem (NYSE: BAK) announced an increase in the supply of its carbon-negative I'm green EVA biopolymer to meet rising demand for Welli Bins, sustainable storage solutions launched earlier this year. These plant-based bins significantly reduce CO2 emissions and have gained popularity, selling out in their initial launch. The company aims to support sustainable production and is committed to a carbon-neutral circular economy, targeting 1 million tons of recycled content by 2030. Braskem's partnership with Welli Bins highlights its leadership in eco-friendly materials.
Braskem S.A. (NYSE: BAK) reported a Recurring EBITDA of US$920 million for 1Q22, a 19% decline from 4Q21 and a 27% drop year-over-year. This decrease resulted from lower sales volumes in Brazil, normalization of international spreads, and the appreciation of the Brazilian real. The net income was R$3.9 billion with a 15% net margin. Additionally, Braskem distributed R$1.35 billion in dividends, leading to a total of R$7.35 billion for FY2021. The company maintains a cash position of US$1.8 billion.
Braskem has launched its first ever lineup of sustainable 3D printing filaments, including bio-based EVA from sugarcane and recycled PE/PP blends, one of which incorporates carbon fiber. These products aim to address the growing demand for eco-friendly materials in the additive manufacturing sector. The new filaments are set to be showcased at the RAPID + TCT 2022 conference in Detroit from May 17-19, 2022. With over 90% sustainably sourced content, these materials cater to various applications including automotive and packaging, reinforcing Braskem's commitment to sustainability.
Braskem has formed a partnership with Lummus Technology to globally license its green ethylene technology, aimed at accelerating the production of chemicals and plastics from renewable bioethanol. This collaboration seeks to enhance the circular economy by leveraging Lummus's expertise in ethylene production, which covers approximately 40% of global capacity. Braskem targets producing 1 million tons of I'm green™ polyethylene by 2030. The partnership is in line with the growing demand for sustainable materials and aims to reduce the carbon footprint of the industry.
Braskem, a leader in polyolefins and biopolymers, will showcase its expanded 3D printing portfolio at the RAPID + TCT 2022 conference in Detroit, from May 17-19, 2022. The company highlights significant advancements in its filament and pellet product lines, including carbon and glass fiber-reinforced offerings. Braskem aims to drive innovation in additive manufacturing while promoting sustainability with new recycled and bio-based materials. Keynote presentations by Braskem's experts will discuss sustainable materials for the industry. Attendees can visit Booth #3813 for insights into the company's 3D offerings.
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