Tag: Braskem

Petrobras inks new Braskem shareholders’ agreement

  • 0

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 23.Apr.2026, Words: 218) — Petrobras sent a notification to Novonor S.A. – Em Recuperação Judicial, formally stating its decision not to exercise the preemptive and tag along rights provided for in the current Braskem S.A. shareholders’ agreement. Petrobras also signed a new […]

PRESS DIGEST 2 APR. 2026: Ran for ENI in MEX; Trafigura and Vitol in BOL; Braskem BRA

  • 0

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 2.Apr.2026, Words: 419) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on YPFB, PETROBRAS, Transocean, ENI Mexico, Civitas Resources, and Braskem, among others. RELATED: ECOPETROL AUTHORIZED TO […]

Novonor SA and NSP Investimentos inform Petrobras regarding Braskem

  • 0

SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 15.Dec.2025, Words: 298) — Novonor S.A. – Em Recuperação Judicial and NSP Investimentos S.A., a subsidiary of Novonor, notified Petrobras regarding the execution of an “exclusivity agreement” with Shine I Fundo de Investimento em Direitos CreditĂłrios de Responsabilidade Limitada (FIDC), a […]

Petrobras Responds to Valor EconĂŽmico’s Braskem Story

  • 0

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 26.Mar.2025) — Petrobras reiterated that no decision has been made regarding its participation in Braskem. This, after a recent article was published in the Brazilian newspaper Valor EconĂŽmico titled “Creditor banks and Petrobras negotiate shareholder agreement at Braskem.“ “Petrobras conducted due diligence at […]

Petrobras and Braskem Complete Tests for Renewable Content Chemical Product

  • 0

(Petrobras, 19.Jul.2024) — Petrobras has successfully finished a series of industrial-scale tests to produce a Light Hydrocarbon Stream (LHR) rich in ethylene, incorporating renewable content. Over the past year, this project, in collaboration with Braskem, has developed a viable renewable raw material for the chemical industry. The tests used ethanol derived from […]

Petrobras Updates about Braskem

  • 0

(Petrobras, 6.May.2024) — Petrobras informs, according to the notices to the market published on 09/18/2023, 08/22/2023, 08/14/2023 and 07/10/2023, that it is conducting due diligence on Braskem for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor in […]

Petrobras Clarifies News on Braskem

  • 0

(Petrobras, 18.Sep.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]

Braskem Records Quarterly Recurring EBITDA of $140mn

  • 0

(Braskem, 9.Aug.2023) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world’s leading biopolymers producer, presents its 2Q23 Earnings Release. 2Q23 HIGHLIGHTS  CONSOLIDATED Recurring EBITDA of US$140 MM, about R$703 million. Lower than 1Q23 (US$205 MM) and 2Q22 (US$802 MM).Liquidity of US$2.9 bi, return on cash flow of 7%1, […]

Petrobras on Braskem

  • 0

(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]

Braskem Reports 1Q:22 Recurring EBITDA of $920mn

  • 0

(Braskem, 12.May.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q22. 1Q22 HIGHLIGHTS CONSOLIDATED In 1Q22, the company’s Recurring EBITDA was US$920mn, 19% lower than 4Q21, mainly due to: (i) the normalization of international spreads for main chemicals and resins in Brazil, for PP in the USA & Europe and for […]

NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]

  • 0

(Energy Analytics Institute, 7.Apr.2022) — Energy briefs including Petrobras releasing its Climate Change Supplement as part of its dialogue with its stakeholders; Petrobras reaffirming “its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026;” Occidental releases conference […]

Braskem Reports Record Results in 2021

  • 0

(Braskem, 17.Mar.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced its results for 4Q21 and 2021. 4Q21 and 2021 HIGHLIGHTS Braskem – Consolidated In 4Q21, Braskem’s recurring Operating Result was $1.1 bn, 23% lower than in 3Q21, mainly due to: (i) lower international spreads for main chemicals, PE […]

Braskem Expands its Circular Polymer Portfolio

  • 0

(Braskem, 23.Feb.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem’s new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration […]

Petrobras Cancels Braskem Public Offering

  • 0

(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 16 December 2021 and 17 January 2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would […]

Petrobras on Sale of Braskem Stake

  • 0

(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]

Petrobras BODs Approves Sale Of Braskem Stake

  • 0

(Petrobras, 16.Dec.2021) — Petrobras’ Board of Directors approved the model for the sale of up to 100% of the preferred shares it holds in Braskem S.A. to be conducted through secondary public offering(s) of shares (follow-on), together with Novonor S.A. – In Judicial Recovery and NSP Investimentos S.A. – In […]

Braskem Offering Back On The Table

  • 0

(Bloomberg, 19.Aug.2021) — A public equity offering is again emerging as a possible exit strategy for the controlling shareholders in one of the world’s top petrochemical makers, Braskem SA, people familiar with the matter said. Novonor hired Morgan Stanley as the group previously known as Odebrecht looks to sell its […]

Petrobras Hires JPMorgan To Sell Braskem Stake

  • 0

(Reuters, 5.Aug.2021) — Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) has hired JPMorgan Chase & Co (JPM.N) as adviser to sell its stake in petrochemical company Braskem SA (BRKM5.SA), three sources familiar with the matter said. Earlier on Thursday, Petrobras executives said in a conference call with investors that […]

Braskem Reports 1Q:21 Operating Result

  • 0

(Braskem, 5.May.2021) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q21. 1Q21 HIGHLIGHTS Braskem – Consolidated In 1Q21, the company’s recurring Operating Result was $1,266mn, 52% higher than 4Q20, mainly due to: (i) better spreads for PE, PP and main chemicals in Brazil, for PP in the United […]

Petrobras On Sale Of Braskem

  • 0

(Petrobras, 30.Apr.2021) — Petrobras, regarding the piece of news published in the media, clarifies that its equity interest in Braskem is part of the non-core assets to divest by the company, as disclosed in the Strategic Plan 2021-2025. However, there is still no definition or decision about the sale model. […]

Braskem Launches First Int’l Shipment From Charleston

  • 0

(Braskem 3.Feb.2021) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the first international shipment of polypropylene from the Company’s new Global Export Hub in Charleston, S.C. Braskem’s new Global Export Hub facility provides packaging, warehousing and export shipping services […]

Petrobras Starts Arbitration Against Odebrecht

  • 0

(Petrobras, 28.Dec.2020) — Petrobras presented today a request for arbitration with an indemnity claim estimated at approximately R$800mn, against Odebrecht S.A., based on the shareholders’ agreement regarding Braskem, for violations of its terms.  Braskem is not part of this arbitration, which is protected by confidentiality. __________

Petrobras On New Contracts With Braskem

  • 0

(Petrobras, 22.Dec.2020) — Petrobras informs that it has signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the state of SĂŁo Paulo and to supply ethane and propane to the industrial unit in the state of Rio de Janeiro.  The naphtha contract, in […]

Petrobras Inks New Supply Deal With Braskem

  • 0

(Petrobras, 22.Dec.2020) — Petrobras signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the state of SĂŁo Paulo and to supply ethane and propane to the industrial unit in the state of Rio de Janeiro.  The naphtha contract, in the estimated amount of […]

Braskem Announces Research Partnership

  • 0

(Braskem, 14.Dec.2020) — Braskem, the largest polyolefins producer in the Americas and a leading producer of biopolymers in the world, has joined forces with the University of Illinois Chicago (UIC) to develop a new route for producing ethylene, a raw material used to make thermoplastic resins. This route will use […]

Braskem On Carbon Neutrality By 2050

  • 0

(Braskem, 10.Nov.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces its latest sustainability ambitions to significantly expand its efforts to eliminate plastic waste in the environment by 2030 and to achieve carbon neutrality by 2050. In 2009, Braskem launched the […]

Petrobras Eyes Braskem Deal With Odebrecht

  • 0

(Reuters, 6.Jul.2020) — Brazilian state-led oil company Petrobras expects within six months to reach an understanding with engineering group Odebrecht on a new shareholder agreement for petrochemical company Braskem SA , the oil firm’s CEO said Monday. Roberto Castello Branco, chief executive of Petroleo Brasileiro SA, as the company is […]

Braskem Completes Facility In La Porte, Texas

  • 0

(Braskem, 24.Jun.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces the construction completion of its newest, world-class polypropylene production facility located in La Porte, Texas. Braskem’s new facility has a designed production capacity of over 450 kilotons (kt) or […]

Braskem First To Use RESIN8ℱ Materials

  • 0

(Braskem, 24.Feb.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces the use of construction blocks containing the Center for Regenerative Design & Collaboration’s (CRDC) RESIN8ℱ post-consumer plastic waste technology in the expansion of Braskem’s world-class Innovation and Technology (I&T) Center […]

Braskem Selects CenturyLink For Global Operations

  • 0

(Braskem, 18.Dec.2019) — Braskem, the largest thermoplastics resins producer in the Americas and leading producer of biopolymers in the world, selected global technology provider CenturyLink, Inc. to deliver a global SD-WAN network solution to more than 50 of its locations across Latin America, North America, Europe and Asia. This SD-WAN network […]

Braskem Launches I’m Greenℱ

  • 0

(Braskem, 17.Oct.2019) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today formally launched its new I’m greenℱ Recycled polypropylene (PP) in the United States. The roll-out of Braskem’s new I’m greenℱ Recycled polypropylene represents one of the first new offerings under […]

Braskem BODs OKs $101mn Corruption Settlement

  • 0

(Reuters, 27.May.2019) — The board of Brazilian petrochemicals producer Braskem SA has approved an agreement with authorities to pay 410 million reais ($101 million) to settle its involvement in the ‘Car Wash’ corruption case, Braskem said on Monday in a filing. The sprawling corruption investigation known as Car Wash uncovered […]

Braskem Says Consolidated Recurring EBITDA Reached $336 Million In 1Q:19

  • 0

(Braskem, 8.May.2019) — Braskem S.A. announces today its results for 1Q19. HIGHLIGHTS: Braskem – Consolidated: — Braskem’s recurring EBITDA was US$ 336 million, down 16% and 60% from 4Q18 and 1Q18, respectively, influenced by lower petrochemical spreads in the international market. Including non-recurring impacts, EBITDA was US$ 729 million, reflecting […]