Braskem Sa Stock Price, News & Analysis

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.

Compact Membrane Systems and Braskem have launched the pilot demonstration of the Optiperm™ technology at Braskem's Marcus Hook facility. This innovative membrane technology aims to enhance olefin production efficiency while reducing waste, carbon emissions, and energy consumption. The project involves producing over 90% purity paraffin and olefin-rich streams using a multistage design. This demonstration is pivotal for commercial-scale production, with commercial membrane products expected as early as 2023, aligning with Braskem's commitment to sustainability and the circular economy.

Braskem (NYSE: BAK) announced its partnership with Native Shoes to produce The Robbie footwear, utilizing Braskem's I'm green™ bio-based EVA polymer made from sustainably sourced sugarcane. This collaboration aims to meet the rising consumer demand for environmentally friendly products, aligning with a shift towards sustainable fashion. The Robbie shoes are designed for children, representing a step towards eco-conscious consumerism. The bio-based EVA has a 22% lower greenhouse gas impact compared to traditional EVA, showcasing Braskem's commitment to sustainability and the circular economy.

Braskem (NYSE: BAK), the largest polyolefins producer in the Americas, is expanding its 3D printing product portfolio with new polyethylene and glass fiber reinforced polypropylene filaments. These products are designed for superior printing performance, offering minimal warpage and excellent interlayer adhesion. The glass fiber reinforced PP is ideal for automotive and aerospace applications, while the PE filament is suitable for packaging and consumer goods. Both filaments require no drying prior to printing, making them efficient options for various industrial applications.

Braskem S.A. (BAK) reported a recurring Operating Result of US$5.6 billion for 2021, marking a 171% increase from 2020. In 4Q21, the result was US$1.1 billion, down 23% from 3Q21 due to lower chemical spreads and seasonal sales volume declines. Net Profit for 2021 reached R$14.0 billion. The company declared R$6.0 billion in dividends, equating to a 42.5% payout of Net Profit. Additionally, Fitch Ratings upgraded Braskem to BBB-, restoring its investment-grade status.

Braskem, the largest polyolefins producer in the Americas, announced the addition of two new polypropylene grades with post-consumer recycled (PCR) content. Designed for FDA food contact applications, the grades support a circular economy and Braskem's sustainability goals. The polymer grades, suitable for food packaging and closures, contain 25% PCR content. Geoffrey Inch, Sustainability Director, highlighted the company's aim to provide 300,000 tons of recycled content by 2025 and 1 million tons by 2030. Braskem's initiatives align with its strategy to become carbon-neutral by 2050.

Braskem S.A. (NYSE: BAK), a leading producer of polyolefins, announced its investment in Nexus Circular LLC, a company specializing in advanced recycling technology. This strategic investment aims to convert landfill-bound plastics into sustainable feedstocks for virgin plastic production. Braskem's commitment to a Carbon Neutral Circular Economy includes targets for increasing recycled content sales to 300,000 tons by 2025 and 1 million tons by 2030. The partnership with Nexus aligns with Braskem's broader strategy to enhance plastics circularity and environmental sustainability.