Braskem Sa - BAK STOCK NEWS

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.