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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.

Rhea-AI Summary
Braskem and Oxiteno have announced a partnership to supply bio-attributed ethylene from renewable sources, which will be used by Oxiteno to create new sustainable solutions. This raw material is the first bio-attributed chemical product produced by Braskem from the certified mass balance approach. The partnership aligns with the sustainability initiatives of both companies and contributes to reducing the use of fossil raw materials and greenhouse gas emissions.
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Braskem partners with WEAV3D to enhance performance of polypropylene for automotive applications
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Braskem and Vitol have agreed to use circular feedstock derived from plastic waste, contributing to Braskem's commitment to increase sales of products with recycled material. This agreement helps Braskem increase the circularity of its products globally and aligns with its growth strategy and plastic waste reduction targets. By 2030, Braskem plans to sell 1 million tons of products with recycled material and recover 1.5 million tons of plastic from the environment. The use of waste-derived feedstock is a cost-effective upcycling solution that will meet Braskem's clients' sustainable needs. This partnership is an important step for WPU, highlighting the value of end-of-life plastic in a circular process.
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Braskem selected to participate in "World's Greatest...!" television series for its commitment to creating sustainable products and carbon-neutral circular economy.
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Braskem and SCG Chemicals have signed a joint venture agreement to create Braskem Siam Company Limited, aiming to produce bio-ethylene and commercialize I’m green™ bio-based polyethylene. The joint venture will almost double the existing capacity of I’m green™ bio-based polyethylene and meet the growing demand for sustainable products in Asia. The project will be located in Thailand.
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Origin Materials, a carbon negative materials company, announced financial results for Q2 2023. They initiated start-up of Origin 1, the first commercial-scale plant to produce their intermediates. They also updated the product slate at Origin 2 to focus on the production of FDCA due to high demand. The construction plan for Origin 2 has been revised, with Phase 1 start-up expected in late 2026 to 2027 and Phase 2 start-up in 2028. Origin maintains its 2023 revenue and adjusted EBITDA outlook, with customer demand exceeding $10 billion.
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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.

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

NYSE:BAK

BAK Rankings

BAK Stock Data

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