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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.
Braskem S.A. (BAK, BRKMY) reported strong financial results for 1Q21, with a recurring Operating Result of US$1,266 million, up 52% from 4Q20, driven by improved spreads for PE, PP, and chemicals across key markets. The net profit surged to R$2,494 million, marking a 195% increase from the previous quarter. Free cash flow was also positive at R$1,766 million. The company reduced its leverage ratio to 1.80x, down 39% from 4Q20. Additionally, Braskem partnered with A.P. Moller – Maersk for logistics services in Asia, enhancing its market access.
Braskem (BAK), the largest polyolefins producer in the Americas, has introduced a new carbon fiber reinforced polypropylene filament for 3D printing (FL900PP-CF), made entirely from 100% recycled carbon fiber. This innovative product boasts enhanced mechanical and thermal properties, making it ideal for high-end applications in sectors like automotive and aerospace. Key features include six times the strength of traditional polypropylene, optimized printing capabilities, and excellent chemical resistance. This launch underscores Braskem's commitment to advancing 3D printing technologies.
Braskem (NYSE: BAK), the largest polyolefins producer in the Americas, received the 2021 Faces of Philanthropy Award from the Philadelphia Business Journal. This recognition highlights the successful partnership between Braskem America and the Philadelphia Eagles, focused on sustainability and youth STEM education since 2018. Their initiatives include a closed-loop recycling program that collects 10-12 tons of stadium plastic annually and educational programs benefiting over 5,000 students across 30 schools. CEO Mark Nikolich commented on the positive community impact of their collaboration.
Braskem S.A. (NYSE: BAK) reported its 4Q20 results, highlighting a recurring Operating Result of US$833 million, a 22% increase from 3Q20 and 246% higher year-on-year. The firm faced a net loss of R$6,692 million in 2020 due to geological event provisions. Despite this, net cash generation was R$1,276 million. The accident frequency rate decreased by 71% below the industry average. Significant advancements included renewed feedstock agreements with Petrobras and a resumption of chlor-alkali production in Alagoas.
Braskem S.A. (BAK) has reported significant financial results for 4Q20 and the full year 2020. The recurring Operating Result reached US$833 million, a 22% increase from 3Q20 and 246% from 4Q19, driven by improved spreads in key markets. However, the company experienced a net loss of R$6,692 million due to geological event provisions. Notably, Braskem generated positive net cash of R$1,276 million in 2020. Operationally, the accident frequency rate improved significantly, and new agreements with Petrobras for feedstock supply were concluded.
Braskem (BAK), the largest polyolefins producer in the Americas, announced the launch of Dansko's new Kane clogs made with over 50% of Braskem's renewable I'm green™ carbon negative EVA bio polymer. This eco-friendly material supports sustainable manufacturing and reduces carbon emissions. The Kane clog offers features such as shock absorption, a removable footbed for support, and a lightweight, durable design ideal for various activities. The I'm green™ bio-based EVA is produced from renewable sugarcane, contributing to the reduction of greenhouse gases.
Braskem (NYSE: BAK), a leading polyolefins producer, has launched polypropylene filament spools for 3D printing, available for online purchase via M. Holland's new eStore. This includes two grades of filament suitable for various applications. The product boasts properties such as recyclability, impact strength, and chemical resistance, enhancing its appeal in additive manufacturing. Braskem's investment in an additive manufacturing lab in 2020 supports its innovation goals in this sector. The filaments are designed for both industrial and consumer use, available in 1.75 mm and 2.85 mm diameters.
Braskem, the largest polyolefins producer in the Americas, announced the first international shipment of polypropylene from its new Global Export Hub in Charleston, S.C. This facility, supporting six U.S. polypropylene production sites, can export up to 450 million pounds (204 kilotons) of polypropylene annually. The collaboration with the Port of Charleston enhances logistics and distribution capabilities, benefiting both domestic and international clients. Approximately 60 permanent jobs have been created at the hub, significantly impacting local economic activity.
Braskem (NYSE: BAK) and Compact Membrane Systems (CMS) have finalized a joint development agreement for a pilot-scale demonstration of Optiperm™ technology, aimed at enhancing olefin production efficiency. The technology promises to reduce waste, lower carbon emissions, and cut energy usage during olefin recovery. The pilot demonstration is set to occur over 500 days at a Braskem production facility and involves producing high-purity paraffin and olefin streams. Construction of the pilot plant will begin in Q1 2021, led by Zeton, a global leader in modular systems.
Braskem (NYSE: BAK) has partnered with the University of Illinois Chicago (UIC) to explore new methods for producing ethylene using CO2 capture technology. This initiative aims to mitigate carbon emissions from industrial processes while creating sustainable feedstock for plastic production. The project, still in early development, seeks to validate UIC's research and integrate renewable energy to optimize manufacturing efficiency. Braskem's sustainability strategy targets carbon neutrality by 2050, supporting the circular economy and achieving significant waste diversion goals.
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