Braskem S.A. American Depositary Shares (Each representing Two - BAK STOCK NEWS

Braskem (NYSE: BAK), the Americas' largest resin producer and global biopolymers leader, reported strong financial results for Q3 2024. The company achieved a Recurring EBITDA of US$432 million, marking a 35% increase from Q2 2024 and a 130% rise from Q3 2023. The company maintained a robust cash position of US$2.4 billion, providing coverage for debt maturities over the next 52 months. Operating Cash Generation improved to US$75 million (R$416 million), showing an increase from the previous quarter.

Braskem and WEAV3D Inc., in partnership with Clemson Composites Center, have been recognized for their innovative Rebar for Plastics® Lattice Technology. The technology won the Most Innovative Part Award from SPE's Automotive Composites Conference & Exhibition (ACCE) and the Material and Process Innovation Award from ACMA's Awards for Composites Excellence (ACE).

The partnership's technology combines WEAV3D composite lattice reinforcement with Braskem polypropylene (PP), enabling lighter and less expensive thermoplastic solutions than conventional organosheet. In redesigning an automotive door structure, they achieved 23% weight savings, 50% cost savings, and 62% scrap reduction compared to the original organosheet.

These awards highlight the technology's potential for cost-effective replacement of sheet metal structures with thermoplastics in vehicles, contributing to more sustainable materials and reduced carbon emissions.

Braskem (NYSE: BAK) has been selected by the U.S. Department of Energy to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This funding aims to expand Braskem's ultra-high molecular weight polyethylene (UHMWPE) production capabilities in La Porte, Texas, focusing on the lithium-ion battery separator (LIBS) market.

The project is expected to generate over 250 skilled jobs across various phases. Braskem's UHMWPE, sold under the trade name UTEC®, offers superior properties ideal for lightweight electric vehicle battery separators, potentially improving battery charging efficiency and reducing carbon emissions. UTEC also has applications in various industries including construction, agriculture, and transportation.

Braskem (NYSE: BAK) has launched bio-circular polypropylene (PP), branded as WENEW, for the restaurant and snack food industries. This ISCC Plus certified product is derived from used cooking oil (UCO), promoting circularity and reducing fossil fuel reliance. The bio-circular PP maintains identical properties to traditional PP, ensuring seamless integration for clients.

Ideal for Quick Service Restaurants (QSRs), retail food suppliers, and snack food companies, the product is suitable for food packaging, flexible packaging, and consumer goods. Braskem has partnered with suppliers to convert bio-circular feedstock into polypropylene, creating a sustainable loop. This initiative aligns with Braskem's ambition to be a leader in Greenhouse Gas (GHG) emissions reduction and carbon capture, aiming for a 15% reduction in scope 1 and 2 emissions by 2030 and carbon neutrality by 2050.

Braskem (NYSE: BAK) has officially opened its Renewable Innovation Center in Lexington, Massachusetts. This 35,000-square-foot facility aims to accelerate innovation in renewable chemicals and sustainable materials. The center will focus on early-stage science and engineering related to converting biomass-based feedstocks into sustainable chemicals and materials, enhancing Braskem's capabilities in biotechnology, catalysis, and process engineering.

Strategically located in Greater Boston's biotechnology hub, the center complements Braskem's global R&D efforts in the U.S., Brazil, Mexico, and Germany. This expansion aligns with Braskem's commitment to reducing carbon emissions and dependency on finite resources while promoting plastic circularity and driving the bio-based materials revolution.

Braskem (NYSE: BAK) and WEAV3D, in partnership with Clemson Composites Center, have won the 2024 Altair Enlighten Award's Future of Lightweighting category for their innovative thermoplastic composite lattice technology. This technology combines WEAV3D's Rebar for Plastics® with Braskem's polypropylene sheets to create a cost-effective, lightweight solution for structural automotive applications.

The partnership's technology offers significant benefits compared to conventional composite organosheet:

• Reduces sheet blank weight by ~50% and final part weight by ~23%
• Cuts costs by ~50%
• Increases sheet yield from 25% to 45% by weight, resulting in a 62% reduction in trim waste

This innovative solution enables the cost-effective replacement of sheet metal structures with thermoplastics throughout vehicles, contributing to reduced carbon emissions and enhanced sustainability in the automotive industry.

Braskem S.A. (NYSE: BAK) reported significant financial improvements in Q2 2024. The company achieved a Recurring EBITDA of $320 million, which represents a 39% increase from Q1 2024 and a 128% increase from Q2 2023.

Braskem's cash position stands robust at $2.8 billion, ensuring debt maturity coverage over the next five years. Operating cash generation for the quarter was $69 million, a notable rise from both Q1 2024 and Q2 2023.

The Braskem Idesa sector recorded its highest sales volume since Q3 2017, with 233 kton, marking a 12% increase from Q1 2024 and a 9% rise from Q2 2023.

For more detailed insights, investors can access the complete earnings release on Braskem's IR website.

Braskem (NYSE: BAK), a leading producer of polyolefins and biopolymers, announced the expansion of its fuels business portfolio with the launch of Octane Plus. This premium fuel additive increases gasoline's octane rating, enhancing performance in high-performance engines. Developed at Braskem's Petrochemical Complex in Triunfo, Brazil, Octane Plus will primarily serve Central and North American markets. Initial exports from Brazil have begun, with more shipments expected soon. Braskem aims to combine quality, performance, and sustainability in its fuel products.

Braskem, the largest resin producer in the Americas, reported a recurring EBITDA of US$230 million in 1Q24, a 9% increase from 4Q23 and a 12% increase from 1Q23. The company also highlighted a cash position of US$3.3 billion, operating cash generation of US$196 million, and an increase in green PE production utilization rate. Braskem's full earnings release can be found on their IR website.