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

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Braskem S.A. (NYSE: BAK) is a leading Brazilian petrochemical company headquartered in São Paulo. As the largest petrochemical company in Latin America, Braskem has established itself as a significant force in the global petrochemical industry. The company specializes in the production and sale of chemicals, petrochemicals, fuels, and utilities.

Braskem’s operations are geographically segmented into Brazil, the United States, Europe, and Mexico, with the majority of its revenue generated from Brazil. The company’s product portfolio includes olefins like ethylene, polymer and chemical-grade propylene, butadiene, and butene-1. It also produces various fuels such as automotive gasoline, liquefied petroleum gas (LPG), ethyl tertiary-butyl ether (ETBE), and methyl tertiary-butyl ether (MTBE). Additionally, Braskem manufactures intermediates including cumene and other chemicals.

Recently, Braskem has been at the forefront of the biopolymers market, further solidifying its status as a leader in both traditional and sustainable petrochemical solutions. The company continuously strives for innovation and sustainability in its operations and product offerings.

In the latest news, Braskem has released its 4Q23 Earnings Report, detailing significant financial achievements and operational milestones. Following this, the company also published its 1Q24 Earnings Report, highlighting continued progress and strategic initiatives. Investors and stakeholders can access the full earnings releases and further details on the company's Investor Relations website.

Braskem's commitment to growth and excellence is evident through its strong financial performance, strategic investments, and focus on sustainability. The company regularly engages with its investors, hosting conference calls and providing updates on its achievements and future plans.

News

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

Rhea-AI Summary
Braskem S.A. reports its 4Q23 Earnings Release with a recurring EBITDA of US$211 million, higher than the previous quarters. The company also highlights a cash position of US$3.6 billion and significant cost reductions.
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Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market

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Shell Chemicals partners with Braskem to supply bio-attributed and bio-circular propylene for more sustainable plastics production, supporting consumer demand in various markets.
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Braskem Donates to the Mary M. Campbell Marcus Hook Public Library

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Braskem donates $10,000 to upgrade the Mary M. Campbell Marcus Hook Public Library, supporting STEM education and local community development.
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Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross

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Braskem, a leading polyolefins producer, organized its 25th blood drive in Neal, West Virginia, collecting 775 units of blood to support the community's health. The company's partnership with the American Red Cross showcases its commitment to social responsibility and community well-being.
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Braskem and WEAV3D® Announced as Finalists for JEC Composites Innovation Awards 2024

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Braskem and WEAV3D Inc. announced that their innovative automotive door component prototype was selected as one of three finalists in the Automotive and Road Transportation – Process category of the JEC Composites Innovation Awards 2024. The combination of WEAV3D composite lattice reinforcement with Braskem PP enables lighter and less expensive thermoplastic solutions than conventional organosheet, unlocking new opportunities for the cost-effective replacement of sheet metal structures with thermoplastics throughout the vehicle. The technology can be applied to injection molding of more complex parts, with significant improvements in lightweighting, reduced costs, and higher material efficiency. The winners of the JEC Composites Award 2024 will be announced during an online award ceremony on February 8, 2024, and the Braskem-WEAV3D prototype part will be on display at the JEC World trade show in Paris, France from March 5-7, 2024.
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Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute

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Braskem (NYSE: BAK) secures $504,000 RD&D grant from REMADE Institute for polymer recycling technology research partnership with adidas, Allbirds, and MIT. The project focuses on innovating a new pathway for recycling ethylene-vinyl acetate (EVA) for the footwear industry, supporting the U.S.'s transition to a Circular Economy.
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CORRECTING and REPLACING Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute

Rhea-AI Summary
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) has been awarded a $504,000 Research, Demonstration, and Development (RD&D) grant from the REMADE Institute for its polymer recycling technology research partnership with adidas, Allbirds, and MIT. This project aims to reduce waste and promote sustainability in the footwear industry through the development of a circular economy model.
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Braskem Announces REMADE Institute Grant Award to Develop New Recycling Process Technology to Extract Pure Polypropylene from PCR

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Braskem (NYSE: BAK) has been awarded a $600,000 grant from the REMADE Institute to fund a recycling technology research project focused on innovating a new recycling process technology to extract pure polypropylene from multilayer packaging waste. The project is a partnership between Braskem America, Michigan Technological University, and the University of Wisconsin-Madison, and aims to revolutionize the circular re-use of multilayer plastic and potentially create a pathway to divert hard-to-recycle plastic waste from landfills into valuable new material feedstock sources.
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Braskem Announces REMADE Institute Grant Award for Advanced Manufacturing of Sustainable and Recyclable Multilayer Plastic Films

Rhea-AI Summary
Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) has been awarded a $671,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute, a public-private partnership established by the United States Department of Energy (DOE). The project focuses on new advanced manufacturing technology to produce sustainable and recyclable multilayer plastic films with outstanding properties for challenging applications. The partnership includes Braskem America, the University of Massachusetts Lowell, Dow Chemical, and Aquapak. The project aims to reshape the packaging industry's economic landscape by facilitating 100% material recovery, and it is well aligned with Braskem's ambition to expand its portfolio to include 300,000 tons of thermoplastic resins and chemicals with recycled content by 2025 and 1 million tons of such products by 2030. The REMADE Institute enables the early-stage applied research and development of key industrial platform technologies that could dramatically reduce the embodied energy and carbon emissions associated with industrial-scale materials production and processing. The circular economy is a sustainable model that aims to minimize waste by keeping resources in use for as long as possible, extracting their maximum value while in use, and then recovering and regenerating products and materials at the end of a resource’s life cycle. The REMADE funded research projects seek to innovate industrial-scale materials production and processing, achieving multiple positive impacts among the following Target Technical Performance Metrics (TPMs), including reducing primary feedstock consumed, reducing secondary feedstock energy, increasing embodied energy efficiency, reducing greenhouse gas (GHG) emissions, facilitating cross-industry reuse, and balancing cost and energy parity.
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Braskem's Recurring EBITDA in the quarter was US$187 million, 34% higher than 2Q23

Rhea-AI Summary
Braskem (NYSE: BAK) reports a 108% utilization rate in green ethylene production, with a 34% increase in recurring EBITDA to US$ 187 million compared to 2Q23.
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FAQ

What is the current stock price of Braskem S.A. American Depositary Shares (Each representing Two (BAK)?

The current stock price of Braskem S.A. American Depositary Shares (Each representing Two (BAK) is $5.09 as of November 19, 2024.

What is the market cap of Braskem S.A. American Depositary Shares (Each representing Two (BAK)?

The market cap of Braskem S.A. American Depositary Shares (Each representing Two (BAK) is approximately 2.0B.

What does Braskem S.A. do?

Braskem S.A. manufactures and sells chemicals, petrochemicals, fuels, and utilities. It operates in Brazil, the United States, Europe, and Mexico.

Where is Braskem headquartered?

Braskem is headquartered in São Paulo, Brazil.

What are Braskem's main products?

Braskem produces olefins, fuels, and intermediates including ethylene, propylene, butadiene, gasoline, LPG, ETBE, MTBE, and cumene.

Where can I find Braskem's earnings releases?

Braskem's earnings releases can be found on the company's Investor Relations website at www.braskem-ri.com.br/en.

What recent financial reports has Braskem released?

Braskem has recently released its 4Q23 and 1Q24 earnings reports.

Is Braskem involved in sustainable products?

Yes, Braskem is a leader in the biopolymers market, focusing on sustainable petrochemical solutions.

Which markets contribute the most to Braskem's revenue?

The majority of Braskem's revenue is derived from its operations in Brazil.

How does Braskem engage with its investors?

Braskem engages with its investors through conference calls, earnings releases, and providing updates on its Investor Relations website.

What segments does Braskem operate in?

Braskem operates in geographical segments including Brazil, the United States, Europe, and Mexico.

Who can I contact for more information about Braskem?

Additional information can be obtained from Braskem's Investor Relations Department at +55 11 3576-9531 or braskem-ri@braskem.com.br.

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Braskem S.A. American Depositary Shares (Each representing Two

NYSE:BAK

BAK Rankings

#1963 Ranked by Market Cap
N/A Ranked by Dividends

BAK Stock Data

2.03B
398.48M
6.33%
0.39%
Chemicals
Basic Materials
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United States of America
São Paulo