SaoPaulo:BRKM6

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

Retrieved on: 
Tuesday, March 19, 2024

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 drives its digital transformation

Retrieved on: 
Friday, December 2, 2022

SÃO PAULO, Dec. 2, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the market leader and pioneer in the production of biopolymers on an industrial scale, has been investing regularly in new technologies and digital innovation for more than five years. The move is crucial to further consolidating the company's leadership position in the chemical industry, leveraging its innovative and competitive edge to generate sustainable impact and results.

Key Points: 
  • Braskem has been increasingly investing in digital technologies to boost competitiveness and productivity, drive growth across existing businesses, and accelerate gains in innovation and sustainability.
  • Since 2018, when the company's digital transformation began, Braskem has been making direct investments in technology.
  • An integral part of this digital transformation process has been promoting agile working methods and acquiring skills associated with developing digital solutions.
  • The initiative will foster disruptive innovations through different mechanisms for interacting with startups, always focusing on sustainability and digital transformation.

Braskem Joins Greentown Labs as a Gigawatt Partner

Retrieved on: 
Wednesday, November 30, 2022

PHILADELPHIA, Nov. 30, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced it has joined Greentown Labs, the largest climatetech startup incubator in North America, as a Gigawatt Partner.

Key Points: 
  • As a new Gigawatt Partner, Braskem will connect with a dedicated community of entrepreneurs and utilize our strength and expertise to bring essential technologies to more sustainable materials and chemicals markets."
  • Greentown Labs offers more than 200 startups in Boston, MA, Houston, TX, and globally the expertise, resources, and support they need to change the world.
  • "The climate crisis urgently demands sweeping climatetech deployment across all sectors of the economy," says Greentown Labs CEO Dr. Emily Reichert.
  • As a Greentown Labs Gigawatt Partner, Braskem will participate alongside industry and sector peers in fostering new technologies that are aligned with its sustainability targets.

Braskem Joins MIT Energy Initiative (MITEI) to Advance Energy Transition

Retrieved on: 
Monday, November 28, 2022

PHILADELPHIA, Nov. 28, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today joined the MIT Energy Initiative (MITEI) to help support and fund relevant research to advance the energy transition.

Key Points: 
  • "We are honored to join the MIT Energy Initiative alongside several leaders within the industrials space that share our dedication to creating a safer planet and a more sustainable future," said Joshua Taylor, Open Innovation Specialist at Braskem America.
  • "We welcome Braskem to the Future Energy Systems Center at the MIT Energy Initiative," said Randall Field, executive director of the Center.
  • Braskem, with its focus on innovation and commitment to the energy transition, will provide welcome insights that can help inform our multi-sectorial research agenda."
  • The MIT Energy Initiative is MIT's hub for energy research, education, and outreach.

Braskem America Announces Renewable and Emissions-Free Power Purchases in Alignment with Commitment to a Carbon-Neutral Circular Economy

Retrieved on: 
Wednesday, November 9, 2022

PHILADELPHIA, Nov. 9, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced significant progress towards securing renewable and emissions-free power for its North American production facilities. The Company's current energy sourcing roadmap calls for more than a 15% reduction in carbon dioxide-equivalent emissions by 2030 with a path to carbon neutrality by 2050.

Key Points: 
  • Mark Nikolich, CEO of Braskem America, stated "Braskem has a clear commitment to helping create a Carbon-Neutral Circular Economy and everything is transformed.
  • These initial agreements source energy from wind, solar, and nuclear as the first phase in Braskem America's carbon reduction goals.
  • Richard Huh, Renewable Energy & Decarbonization Manager, Braskem America, "Braskem has a long-standing commitment to sustainability and carbon reduction initiatives, and our renewable and emissions-free power purchases reflect another major advance in our carbon neutrality framework in North America all helping advance our long-term carbon neutrality objective.
  • Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia.

Braskem Announces a New Renewable Innovation Center in Lexington, Massachusetts

Retrieved on: 
Monday, November 7, 2022

PHILADELPHIA and LEXINGTON, Mass., Nov. 7, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the construction of a new Renewable Innovation Center located in Lexington, Massachusetts at the Lexington Labs at 10 Maguire Road in Lexington, MA owned by Greatland Realty Partners. Braskem's new 35,000-square-foot innovation center will focus on accelerating innovation in renewable chemicals and sustainable materials. Capabilities at the new center will expand Braskem's competencies in biotechnology, catalysis, process engineering, and open innovation.  A particular focus will be given to early-stage science and engineering related to the conversion of biomass-based feedstocks, including sugars, cellulose, plant oils, and lignin, to sustainable chemicals and materials. This will enhance Braskem's resources focused on the discovery of technologies that will drive new growth-oriented offerings centered around Carbon Circularity.  This new innovation center is the latest expansion of Braskem's global Innovation & Technology footprint.

Key Points: 
  • Braskem's new 35,000-square-foot innovation center will focus on accelerating innovation in renewable chemicals and sustainable materials.
  • This new innovation center is the latest expansion of Braskem's global Innovation & Technology footprint.
  • Mark Nikolich, CEO of Braskem America, stated "Our new Renewable Innovation Center reflects Braskem's ongoing commitment to a Carbon-Neutral Circular Economy and having a positive impact on the environment.
  • Braskem's new Renewable Innovation Center's commitment to a Carbon-Neutral Circular Economy aligns with Lexington's goals and commitment to attracting businesses and development that demonstrate sustainable innovation.

BRASKEM EXTENDS RELATIONSHIP WITH NEXUS CIRCULAR THROUGH MOU FOR COMMERCIAL OFF-TAKE OF CIRCULAR PLASTIC FEEDSTOCKS FROM NEW ADVANCED RECYCLING FACILITY

Retrieved on: 
Monday, July 11, 2022

HOUSTON, July 11, 2022 /PRNewswire/ -- Nexus Circular and Braskem S.A. (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Braskem"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced that they have signed a detailed Memorandum of Understanding (MOU) to secure the production output from a new advanced recycling facility planned near Chicago, IL.  The new facility will have an initial capacity to convert over 30,000 metric tons annually of used plastic into new materials, with the potential to rapidly expand the processing capacity to over 120,000 metric tons annually. 

Key Points: 
  • Since 2018, Nexus has been supplying consistent, on-spec commercial volumes of ISCC PLUS certified circular products.
  • In January 2022, Braskem made a strategic investment in Nexus Circular.
  • Braskem America's CEO Mark Nikolich said, "Withthe new facility, we will leverage Nexus' proven, commercial advanced recycling technology to secure high-quality feedstock for the production of Braskem's certified circular PP resins.
  • Nexus Circular is an advanced recycling company at the center of the circular economy.

Braskem Delivers Increased Supply of I'm green Bio-Based EVA Biopolymer to Support Heightened Demand for Welli Bins ™ Sustainable Storage Bins

Retrieved on: 
Monday, May 16, 2022

PHILADELPHIA, May 16, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced it is supplying additional volume of its proprietary I'm greenTM carbon-negative EVA biopolymer to support the increased production of Welli Bins™ sustainable storage bins.  The additional production follows Welli Bins successful launch earlier this year which launched to sold out consumer demand.

Key Points: 
  • "We are proud to support increased production of Welli Bins sustainable storage bins with additional volumes of our I'm green sugarcane-based EVA biopolymer," said Giancarlos Delevati, Account Manager and Business Development at Braskem.
  • The strong demand for Welli Bins' product affirms the heightened consumer interest in products that are produced in an environmentally friendly way.
  • "Here at Welli Bins Co., we're building a market-changing product at a time when households demand stronger, lighter, and more sustainable products.
  • The first production of Welli Bins sustainable storage bins was launched on November 16 and sold out to strong consumer reception.

Braskem Releases its First Ever Lineup of Sustainable 3D Printing Filaments for Additive Manufacturing

Retrieved on: 
Monday, May 9, 2022

PHILADELPHIA, May 9, 2022 /PRNewswire/ -- Braskem (B3: BRKM3) (B3: BRKM5) (B3: BRKM6) (NYSE: BAK) (LATIBEX: XBRK) ("Company"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces today the release of three new sustainable 3D printing filament product offerings for the additive manufacturing market.  These first of their kind products include 3D printing filaments produced from bio-based ethylene vinyl acetate (EVA) filament derived from raw sugarcane as well from recycled polyethylene and polypropylene (PE/PP) blended filaments with, or without, carbon fiber.  

Key Points: 
  • They will discuss the development and design of sustainable materials for additive manufacturing.
  • Make sure to also stop by the Braskem booth #3813 to see Braskem's full range of 3D printing and additive manufacturing offerings as well as connect with Braskem industry and product specialists.
  • Braskem 3D materials are also available through our strategic distribution partners M. Holland and Nexeo Plastics, as well as visiting our Braskem 3D storefront on Amazon .
  • To learn more about Braskem's expanding portfolio for 3D printing and additive manufacturing, visit https://www.braskem.com/usa/3d-printing .

Braskem and Lummus partnership: the next chapter for Green Ethylene technology

Retrieved on: 
Thursday, April 28, 2022

ROTTERDAM, Netherlands, April 28, 2022 /PRNewswire/ -- Braskem S.A. (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Braskem"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, and Lummus Technology, a global provider of process technologies and value-driven energy solutions, have formed a partnership that aims to license Braskem's technology to produce green ethylene worldwide. This partnership will accelerate the use of bioethanol for chemicals and plastics, supporting the industry's efforts toward a carbon neutral circular economy.

Key Points: 
  • Lummus, a recognized leader in ethylene production technologies, has licensed approximately 40 percent of global ethylene capacity, giving the company the technical capability as well as the licensing expertise to further develop and market the technology behind green ethylene.
  • Together, Braskem and Lummus are ensuring the growth of green ethylene production worldwide.
  • "Lummus brings licensing experience and process knowledge into this partnership to extend the reach of Braskem's proven green ethylene technology worldwide.
  • Leveraging the combined experience and expertise of Lummus and Braskem to produce green ethylene thus reduces carbon footprint and plays a promising role in the energy transition.