Date: September 12, 2023
Announcement no: 30
ISIN: DK0061676400


WPU - Waste Plastic Upcycling A/S  ("WPU")  - Braskem notifies about WPU
feedstock purchase agreement with Vitol

Today BRASKEM S.A. ("Braskem" or "Company") (Ticker B3: BRKM3, BRKM5 and BRKM6;
NYSE: BAK; LATIBEX: XBRK) informed its shareholders and the market that Braskem
has signed an agreement ("Agreement"), through its subsidiary Braskem
Netherlands B.V. ("Braskem BV"), with Vitol S.A. ("Vitol"), a multinational
energy and commodity company, to purchase circular feedstock from Vitol produced
by WPU - Waste Plastic Upcycling A/S ("WPU").

"The circular economy is an objective linked to Braskem's business strategy.
Adopting initiatives that include plastic waste recovery, and mechanical, and
chemical recycling in our production processes is connected to our company's
purpose to provide a more circular and sustainable future. We believe that
Vitol's infrastructure and expertise combined with WPU's plastic waste recycling
technology will enable Braskem to take an important step towards developing
sustainable solutions for our clients", said Walmir Soller, VP of Olefins and
Polyolefins at Braskem Europe & Asia.

Global Head of Naphtha trading at Vitol, Tom Baker, said: "We are delighted to
supply Braskem with pyrolysis oil from WPU, which complements Braskem's desire
to further the circularity of its products globally. Incorporating waste-derived
feedstock into the supply chain is a cost-effective upcycling solution that will
ensure Braskem can meet its clients' sustainable needs."

For Niels Stielund, chairman of the board at WPU - Waste Plastic Upcycling A/S,
the agreement with Braskem is an important step. "We are delighted that we can
support Braskem's efforts to achieve sustainability using the pyrolysis oil we
produce at our factories. That a world-renowned actor like Braskem will now use
our feedstock is a milestone for us and a stamp of approval for our proprietary
technology. It also highlights how end-of-life plastic can be a valuable
resource in a circular process instead of ending up in incinerators or
landfills, and we are humbled and happy to embark on this journey with Braskem
and Vitol", says Stielund.

Attachment: Braskem notices about feedstock purchase agreement with Vitol 

This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

For further information, contact:

Klaus H Lindblad, Vice Chairman 
E-mail: KL@WPU-DK.COM

Click here for more information

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