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    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
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End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 07/30
57.75 BRL   -2.71%
07/29BRASKEM S A : 2020 Tax Report
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07/23BRASKEM S A : PRODUCTION & SALES REPORT SECOND QUARTER 2021 (Form 6-K)
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07/22BRASKEM S A : NOTICE TO THE MARKET (Form 6-K)
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Braskem S A : developed world's first renewable-source polyethylene wax

06/14/2021 | 06:18pm EDT

June 14, 2021 Braskem developed world's first renewable-source polyethylene wax

Braskem developed world's first renewable-source polyethylene wax

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Braskem has launched the world's first renewable-source polyethylene (PE) wax, used in the production of adhesives, cosmetics, coatings and compounds. The product, commonly used as a viscosity modifying agent in diverse formulations, has the same properties and delivers the same performance as the version made from fossil-based PE. Produced from sugarcane ethanol, the new solution entails lower CO2 footprint, is recyclable and has applications in multiple markets.

With the arrival of the renewable-source PE wax in the global market, Braskem has innovated and expanded its I'm greenTM bio-based portfolio, offering products that go beyond the resins currently being supplied. The I'm greenTM brand represents Braskem's commitment to the circular economy and comprises solutions from renewable and recycled sources.

'Braskem has been producing bio-based plastic for over a decade. Since then, the company has been looking for ways to support its customers in the search for new products to reduce their carbon footprint. After PE and EVA (Ethylene Vinyl Acetate) I'm green bio-based products, Braskem is bringing renewable-sourced PE wax to adhesives, cosmetics, coatings and compounding markets, further underscoring our commitment to become a carbon neutral company by 2050.' explained Gustavo Sergi, director of Renewable Chemicals and Specialties at Braskem.

The I'm greenTM bio-based polyethylene that is used to produce the renewable PE wax is capable of absorbing carbon dioxide from the atmosphere during its production cycle. In addition, the production of renewable polyethylene from ethanol saves 80% energy in relation to the traditional production routes. 'We work every day moved by the goal of combining innovation and sustainable development to create a better impact on the planet and society. This new launch is another result of our effort to decarbonize our business value chain' concluded Gustavo Sergi.

For more information related to press, please contact:
CDN Communication

braskem@cdn.com.br

(11) 3643-2906

(11) 3643-2919

Disclaimer

Braskem SA published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2021 22:17:02 UTC.


ę Publicnow 2021
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Financials
Sales 2021 95 620 M 18 435 M 18 435 M
Net income 2021 11 780 M 2 271 M 2 271 M
Net Debt 2021 33 245 M 6 409 M 6 409 M
P/E ratio 2021 4,06x
Yield 2021 0,00%
Capitalization 45 710 M 8 876 M 8 812 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,95x
Nbr of Employees 4 700
Free-Float 25,4%
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Number of Analysts 11
Last Close Price 57,75 BRL
Average target price 52,01 BRL
Spread / Average Target -9,94%
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Managers and Directors
Roberto Lopes Pontes Sim§es Chief Executive Officer & Director
Pedro van Langendonck de Freitas CFO, Head-Procurement & Institutional Relation
JosÚ Mauro Mettrau da Cunha Chairman
Daniel Sales Corrŕa Head-Investments & Digital Technologies
Gesner JosÚ de Oliveira Filho Independent Director
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