BAK

BAK Battery Unveils Revolutionary Big Cylindrical Power Batteries at China EV100 Forum 2024, Pioneering the Future of Electric Vehicles

Retrieved on: 
Thursday, March 21, 2024
BAK, Temperature, Speech, Senkaku Islands, Diaoyutai State Guesthouse, Kilowatt-hour, Electric battery

At the China EV100 Forum 2024, Dr. Lin from BAK Battery highlighted the potential of big cylindrical power batteries as the future of EVs, suggesting ultra-fast charging and enhanced safety features.

Key Points: 
  • At the forum, Dr. Lin Jian from Shenzhen BAK Power Battery Co., Ltd. (hereinafter referred to as "BAK Battery") delivered a keynote speech to analyze the global power battery market.
  • According to Dr. Lin, with the global battery supply and demand imbalance, big cylindrical power batteries will emerge as the new engine of electric vehicles.
  • Dr. Lin went on to discuss the applicability of big cylindrical batters in mid- to high-end electric vehicles when compared with prismatic and polymer batteries.
  • Big cylindrical batteries are expected to promote the iterative upgrade of power battery technologies and emerge as the new engine of electric vehicles.

Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market

Retrieved on: 
Thursday, March 14, 2024
Chemicals, Plastics, Environment, Oil, Gas, Manufacturing, Sustainability, Energy, Other Manufacturing, Shell Chemicals, Shell, Commercial, Carbon, Senior, BAK, Multimedia, Greenhouse, Renewable energy

Shell Chemicals recently started to supply Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party.

Key Points: 
  • Shell Chemicals recently started to supply Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party.
  • (Photo: Business Wire)
    Braskem will utilize such feedstocks for the manufacture of bio-attributed and bio-circular polypropylene enabling more sustainable options for growing consumer demand in the packaging, film, automotive, and consumer goods markets.
  • “Shell is proud to be working with Braskem to supply the bio-attributed and bio-circular feedstocks that go into the everyday products that support modern life.
  • Shell has also set a target to reduce absolute emissions by 50% by 2030, compared to 2016 levels on a net basis.

Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

Retrieved on: 
Tuesday, March 19, 2024
BAK, Biopolymer, Fine chemical

Recurring EBITDA of US$ 211 MM, around R$1,049 million.

Key Points: 
  • Recurring EBITDA of US$ 211 MM, around R$1,049 million.
  • Higher than 3Q23 (+US$23 million) and 4Q22 (+US$243 million).
  • Cash position of US$ 3.6 billion, ensuring coverage of debt maturities over the next 72 months.
  • Cost reduction: Reduction of ~23% in general and administrative expenses, compared to 4Q22.

Braskem Donates to the Mary M. Campbell Marcus Hook Public Library

Retrieved on: 
Friday, March 8, 2024
Environment, Packaging, Chemicals, Plastics, Manufacturing, Sustainability, Philanthropy, Fund Raising, Primary, Secondary, Education, Engineering, Multimedia, STEM, Table, Learning, BAK, Organization, Creativity, Plastic, Knowledge, Science, Book

Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a company committed to human rights and equity in our supply chain and the local development of surrounding communities, has donated $10,000 to the Mary M. Campbell Marcus Hook Public Library, and a check was presented during a ceremony on Thursday, March 7, 2024.

Key Points: 
  • Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a company committed to human rights and equity in our supply chain and the local development of surrounding communities, has donated $10,000 to the Mary M. Campbell Marcus Hook Public Library, and a check was presented during a ceremony on Thursday, March 7, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240307031629/en/
    Braskem and the Mary M. Campbell Marcus Hook Public Library participating in check ceremony.
  • “As a long-standing community partner of Marcus Hook, we are honored to be a resource to the Mary M. Campbell Marcus Hook Public Library,” said Daryl Leggett, Marcus Hook Plant Manager.
  • With heartfelt thanks for Braskem’s generous donation, you've helped us continue our mission to provide equal opportunities for all,” said Tianjia Wang, Director of Mary M. Campbell Marcus Hook Library.

Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross

Retrieved on: 
Monday, February 26, 2024
Chemicals, Plastics, Environmental, Social and Governance (ESG), Other Professional Services, Construction & Property, Sustainability, Manufacturing, Other Health, Social Services, General Health, Professional Services, Environment, Other Manufacturing, Packaging, Health, Medical Supplies, Other Construction & Property, Student, STEM, Blood, BAK, American Red Cross, Organization, Red, Biopolymer, Partnership

Since 2014, Braskem and its Big Sandy River Road manufacturing neighbors and local engineering companies, have collaborated to participate in the drive, helping Braskem to collect 775 units of blood to date.

Key Points: 
  • Since 2014, Braskem and its Big Sandy River Road manufacturing neighbors and local engineering companies, have collaborated to participate in the drive, helping Braskem to collect 775 units of blood to date.
  • Through the partnership with the American Red Cross and donation location partner C-K Community Center, the company has been able to provide a lifeline to those in need.
  • “Statistics from the Red Cross reveal that every two seconds, someone in the U.S. needs blood.
  • None of this success would have possible without the dedication of the employees and leadership at Braskem,” says Chris Jones, Account Manager for the American Red Cross.

Braskem and WEAV3D® Announced as Finalists for JEC Composites Innovation Awards 2024

Retrieved on: 
Tuesday, January 16, 2024
Environment, Packaging, Chemicals, Plastics, Environmental Health, Manufacturing, Sustainability, Agriculture, Recycling, Natural Resources, PP, Transport, BAK, JEC, Multimedia, Partnership, The Economist, American pavilion, Altair Engineering, Biopolymer, Automotive industry, 3D printing

“We continue to be very excited to offer our clients innovations and partnerships around high-performance polypropylene materials utilizing the WEAV3D lattice technology after launching this project in 2023.

Key Points: 
  • “We continue to be very excited to offer our clients innovations and partnerships around high-performance polypropylene materials utilizing the WEAV3D lattice technology after launching this project in 2023.
  • We are honored to be recognized as a finalist for the JEC World Innovation Awards.
  • The Braskem-WEAV3D prototype part will also be on display in the JEC Innovation Planets section of JEC World, held in Paris, France from March 5-7, 2024.
  • Visit WEAV3D’s booth 6P32e in the American Pavilion to learn more about the prototype part.

Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute

Retrieved on: 
Tuesday, November 28, 2023
Other Manufacturing, Environment, Textiles, Chemicals, Plastics, Sustainability, Manufacturing, Green Technology, Recycling, Retail, Footwear, Carbon, RD, Research, NYSE, MIT, EVA, Ecosystem, REMADE, Partnership, RD&D, Biopolymer, DOE, BAK, TPMS, Government, Renewable energy

The winning RD&D project is focused on innovating a new pathway for recycling ethylene-vinyl acetate (EVA) as a sustainable materials solution for the footwear industry.

Key Points: 
  • The winning RD&D project is focused on innovating a new pathway for recycling ethylene-vinyl acetate (EVA) as a sustainable materials solution for the footwear industry.
  • The project is a partnership between Braskem America, adidas, Allbirds, as well as the Massachusetts Institute of Technology (MIT).
  • REMADE is the first institute in the U.S. dedicated to accelerating the nation’s transition to a Circular Economy.
  • Kimberly McLoughlin, Principal Engineer, Braskem, stated, “Braskem and REMADE share a vision for building a more sustainable future, all built upon the creation of a carbon neutral circular economy.

Braskem Announces REMADE Institute Grant Award for Advanced Manufacturing of Sustainable and Recyclable Multilayer Plastic Films

Retrieved on: 
Monday, November 20, 2023
Recycling, Chemicals, Plastics, Environment, Manufacturing, Sustainability, Green Technology, Other Manufacturing, Carbon, RD, Research, NYSE, PVOH, Multimedia, REMADE, Dow Chemical Company, University of Massachusetts Lowell, University, Partnership, RD&D, Biopolymer, DOE, BAK, TPMS, University of Massachusetts, Renewable energy, Braskem

The winning RD&D project is focused on new advanced manufacturing technology to produce sustainable and recyclable multilayer plastic films with outstanding properties for challenging applications.

Key Points: 
  • The winning RD&D project is focused on new advanced manufacturing technology to produce sustainable and recyclable multilayer plastic films with outstanding properties for challenging applications.
  • REMADE is the first institute in the U.S. dedicated to accelerating the nation’s transition to a Circular Economy.
  • The two-year project's deliverables include processing protocols for recyclable films and separation methods via aqueous dissolution.
  • We are excited to work with Braskem and other industry partners to deliver these high-barrier multilayer films with inherent recycling advantages.

Braskem Announces REMADE Institute Grant Award to Develop New Recycling Process Technology to Extract Pure Polypropylene from PCR

Retrieved on: 
Monday, November 20, 2023
Packaging, Recycling, Chemicals, Plastics, Environment, Sustainability, Manufacturing, Environmental Health, Carbon, RD, Research, NYSE, Ink, Adhesive, PCR, Michigan Technological University, REMADE, STRAP, University of Wisconsin–Madison, University, PP, Partnership, RD&D, Biopolymer, DOE, Government, BAK, TPMS, Renewable energy, Braskem

The winning RD&D project is focused on innovating a new recycling process technology to extract pure polypropylene (PP) from PCR multilayer packaging waste that is currently hard to recycle.

Key Points: 
  • The winning RD&D project is focused on innovating a new recycling process technology to extract pure polypropylene (PP) from PCR multilayer packaging waste that is currently hard to recycle.
  • The project is a partnership between Braskem America, Michigan Technological University, and the University of Wisconsin–Madison, all of which are providing additional foundational project funding.
  • REMADE is the first institute in the U.S. dedicated to accelerating the nation’s transition to a Circular Economy.
  • It is intended that this solvent-based technology will be able to remove additives, ink, pigments, and adhesives, and ultimately produce a cleaner polypropylene.

Braskem Takes Polypropylene to the Next Level of Performance in Partnership with WEAV3D® utilizing its Rebar for Plastics® Lattice Technology

Retrieved on: 
Thursday, September 28, 2023
Recycling, Chemicals, Plastics, Automotive Manufacturing, Environment, Sustainability, Manufacturing, Other Manufacturing, Carbon, SPE, Plastic, Climate, BM, Business development, Original equipment manufacturer, BAK, Society of Plastics Engineers, Multimedia, Steel, Carbon footprint, Keynote, PP, Role, Conference, NYSE, Biopolymer, Wood-plastic composite, Renewable energy, Braskem

View the full release here: https://www.businesswire.com/news/home/20230928754765/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230928754765/en/
    The WEAV3D lattice technology enables lightweight PP parts to replace materials like steel, increasing PP’s use in automotive applications by balancing improvements in performance, weight, and cost.
  • The combination of Braskem PP sheets with WEAV3D’s Rebar for Plastics will allow Braskem to compete in new structural material end-markets.
  • “We’re excited to offer our clients new innovations and partnerships around high-performance polypropylene materials utilizing the WEAV3D lattice technology.
  • As the automotive industry continues to roll out new electric vehicle designs, it requires automakers to re-think the vehicle design with cutting-edge performance materials.