Latest news with #Braskem
Indian Express
6 days ago
- Business
- Indian Express
Trump's 50% tariff threat hits Brazilian chemical exports as US orders cancelled
Brazilian chemical exporters are seeing contracts cancelled after US President Donald Trump announced plans to impose a 50% tariff on Brazilian goods starting 1 August, Reuters reported. Brazil exported about $2.4 billion worth of chemical products to the United States last year. Since the tariff threat, orders for some products including resins and compounds used to make fertilisers have been cancelled, said Andre Cordeiro, head of Brazilian chemical industry group Abiquim. 'These decisions are being made because people believe he will actually go ahead with the tariff,' Cordeiro told Reuters on Friday. He said one company had all of its US export contracts cancelled, while others lost parts of their orders. In some cases, exporters had already arranged financing before the cancellations. Cordeiro did not name the affected companies. The impact is not limited to direct chemical exports. 'No one produces coffee, even grains, without some kind of chemical product in the process,' he said. According to Cordeiro, chemical firms are also losing domestic sales to Brazilian companies that export to the US. He cited plywood manufacturers, who use chemicals for bonding and have also lost orders, and orange juice producers, who rely on chemical preservatives. Last year, 42% of Brazil's orange juice exports went to the US. Large firms such as Braskem and Dow Chemical may also be affected. Braskem has operations in the US, while Dow, which runs 10 plants in Brazil, exports silicon metal to the American market. Neither company commented when contacted by Reuters. Exxon Mobil, which also operates in Brazil, declined to comment. Abiquim says the tariffs are unjustified, pointing out that Brazil's chemical sector runs a $7.9 billion trade deficit with the United States.
Bloomberg
16-07-2025
- Business
- Bloomberg
New Lawsuit on Environmental Disaster Adds to Braskem Bond Woes
Braskem SA 's dollar bonds are under renewed pressure after the Brazilian state of Alagoas filed a 4 billion-real ($717 million) lawsuit tied to damage caused by the collapse of one of the company's mines. It's the latest chapter of an environmental disaster that has dragged on for years in northeastern Brazil, costing the petrochemical giant its investment-grade status in 2023. The new lawsuit, filed last week, is seeking compensation for damages suffered by residents living along the edge of the affected zone in Maceió, Alagoas said in a statement. Braskem's 2034 notes fell 3 cents on Monday following the news.
Yahoo
11-07-2025
- Business
- Yahoo
Braskem Expands Its Own Fleet with the Vessel Brave Future and Strengthens its Global Logistics Strategy
The second vessel marks the next chapter in the company's efficiency and competitiveness in international trade SíO PAULO, July 11, 2025--(BUSINESS WIRE)--Braskem, (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a global pioneer in large-scale biopolymer production, celebrated the arrival of the Brave Future, its new vessel, today. The start of operations of the approximately R$ 500 million ship, which will operate on the route between the United States, Mexico, and Brazil, marks the expansion of the company's strategy to increase its logistics autonomy, reduce maritime transport costs, and strengthen global competitiveness. The christening ceremony was held in China at the YAMIC shipyard, the company responsible for building the vessel. The ethane carrier has a length of 188 meters, a capacity of 36,000 m³, and is capable of transporting cargo at temperatures as low as -104°C, it was financed by Ocean Yield and will be operated by the Hartmann Reederei. The vessel is equipped with a dual-fuel engine running on bunker oil and ethane. It boasts high fuel efficiency and a propulsion system with CO₂ emissions approximately 40% lower than the average fleet in operation. "The Brave Future is a strategic asset that expands our autonomy in the area of logistics, which provides greater predictability to operations, and strengthens our position as a global leader in the petrochemical industry," highlights Hardi Schuck, Director of Braskem Trading & Shipping (BT&S). Before the christening, the vessel underwent sea trials, a rigorous testing phase at sea that evaluates safety, speed, maneuverability, and equipment performance before the start of commercial operations. With the new vessel, Braskem now has two dedicated ethane carriers – the Brave Future and the Brilliant Future. In 2026, BT&S expects the delivery of four more ships to serve Braskem. This structure reinforces the company's commitment to innovative, sustainable logistics solutions aligned with the demands of global maritime trade. About Braskem Braskem is a global, human-oriented petrochemical company with a forward-looking approach, cultivating strong relationships and generating value for all. Offering sustainable chemical and plastic solutions to improve people's lives, the company has a comprehensive portfolio of plastic resins and chemical products for various sectors, including food packaging, civil construction, industrial, automotive, agribusiness, health, and hygiene, among others. Braskem believes that disruptive innovation is the only viable path to establishing a new relationship with the planet. Therefore, it chooses to act in the present by promoting plastic circularity and driving the revolution of bio-based materials. With 40 industrial units in Brazil, the USA, Mexico, and Germany, the company exports its products to customers in over 71 countries through its 8,500 team members who operate globally under a management model that demonstrates a commitment to ethics, compliance with regulations in all countries, and respect for responsible competitiveness. More information: Braskem on English social media: View source version on Contacts Braskem North America, Europe, and Asia Stacy Torpey – (215) 841 3194 – Braskem Brazil Fato Relevante AgencyBruna Machado: +55 (91) 8150-9098Alessandra Carvalho: +55 (11) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
11-07-2025
- Business
- Business Wire
Braskem Expands Its Own Fleet with the Vessel Brave Future and Strengthens its Global Logistics Strategy
SíO PAULO--(BUSINESS WIRE)--Braskem, (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a global pioneer in large-scale biopolymer production, celebrated the arrival of the Brave Future, its new vessel, today. The start of operations of the approximately R$ 500 million ship, which will operate on the route between the United States, Mexico, and Brazil, marks the expansion of the company's strategy to increase its logistics autonomy, reduce maritime transport costs, and strengthen global competitiveness. The christening ceremony was held in China at the YAMIC shipyard, the company responsible for building the vessel. The ethane carrier has a length of 188 meters, a capacity of 36,000 m³, and is capable of transporting cargo at temperatures as low as -104°C, it was financed by Ocean Yield and will be operated by the Hartmann Reederei. The vessel is equipped with a dual-fuel engine running on bunker oil and ethane. It boasts high fuel efficiency and a propulsion system with CO₂ emissions approximately 40% lower than the average fleet in operation. 'The Brave Future is a strategic asset that expands our autonomy in the area of logistics, which provides greater predictability to operations, and strengthens our position as a global leader in the petrochemical industry,' highlights Hardi Schuck, Director of Braskem Trading & Shipping (BT&S). Before the christening, the vessel underwent sea trials, a rigorous testing phase at sea that evaluates safety, speed, maneuverability, and equipment performance before the start of commercial operations. With the new vessel, Braskem now has two dedicated ethane carriers – the Brave Future and the Brilliant Future. In 2026, BT&S expects the delivery of four more ships to serve Braskem. This structure reinforces the company's commitment to innovative, sustainable logistics solutions aligned with the demands of global maritime trade. About Braskem Braskem is a global, human-oriented petrochemical company with a forward-looking approach, cultivating strong relationships and generating value for all. Offering sustainable chemical and plastic solutions to improve people's lives, the company has a comprehensive portfolio of plastic resins and chemical products for various sectors, including food packaging, civil construction, industrial, automotive, agribusiness, health, and hygiene, among others. Braskem believes that disruptive innovation is the only viable path to establishing a new relationship with the planet. Therefore, it chooses to act in the present by promoting plastic circularity and driving the revolution of bio-based materials. With 40 industrial units in Brazil, the USA, Mexico, and Germany, the company exports its products to customers in over 71 countries through its 8,500 team members who operate globally under a management model that demonstrates a commitment to ethics, compliance with regulations in all countries, and respect for responsible competitiveness. Braskem on English social media:
Time Business News
09-07-2025
- Business
- Time Business News
Green Bio Chemicals Rise as Industries Embrace Sustainable Alternatives
The chemicals that are derived from biological sources such as plants, algae and agricultural waste which are sustainable, biodegradable and has low carbon footprint are known as green bio chemicals. Production of biofuels, eco-friendly solvents and biodegradable plastics are major usage of green bio chemicals. Green bio chemicals are crucial in sectors such as agriculture and packaging. Lowering greenhouse gas emissions and growing environmental issues that drives the sustainable green biochemical alternatives are major objectives of green bio chemicals. With supportive government policies and tax incentives making bio-based alternatives more sustainable that industries are further adopting bio-based products. Key Growth Drivers and Opportunities Renewable Feedstocks Fuelling Green Biochemicals: The major shift towards renewable feedstocks in chemical production is due to the decreasing non-renewable resources specially petroleum. It became costly to extract and reserves deplete thus industries are shifting towards more sustainable and economically viable alternative green biofuels. Green biochemicals and biofuels contribute in lowering greenhouse gas emissions and offer more stable and long-term supply to industries. Corporate Sustainability Goals: Various organizations in multidisciplinary industries are pushing efforts for setting the ambitious sustainability targets and long-term strategic goals for the corporate social responsibility initiative. Lowering the carbon emission and lowering the usage of hazardous substances and chemicals in production process is the end goal driving more adoption of sustainable green biochemicals in various industries. Challenges The main challenge for growth of green biochemicals is petrochemical-based substitutes with cost-friendly production and well-established supply chain network compared to green biochemicals. Already developed infrastructure and mature and stable raw material availability enables manufacturers to produce cost efficient petrochemicals and with consistent quality limiting the adoption of green biochemicals globally. Innovation and Expansion Braskem & Fitesa Launch Bio-Based Nonwovens to Cut Carbon in Hygiene Products In April 2025, the Braskem and Fitesa announced the use of Braskem's I'm green Bio-Based Polyethylene Grade for Fitesa's Nonwovens. It is made from bioethanol from sugarcane as feedstock, the green bio-based PE grade for nonwovens has a direct impact on the final product's carbon footprint. This innovative material presents an overall better process performance and enhanced spinning stability, supporting the increase of bio-based content on products throughout the global hygiene supply chain. Nippon Yuka Unveils BioxiGuard to Boost Marine Biodiesel Stability In May 2025, the Nippon Yuka Kogyo Co., Ltd., announced the launch of BioxiGuard, Japan's first antioxidant specifically developed for marine biodiesel fuels. BioxiGuard aims to enhance fuel stability and efficiency in marine applications by cutting oxidation degradation by almost half, assisting the maritime sector's shift to lower-carbon operations. The BioxiGaurd is integrated with multiple biodiesel blends which makes it ideal and flexible solution for fleet that have adopted renewable fuel sources. In order to speed up its adoption, Nippon Yuka intends to boost its availability at major international ports by the end of 2025. Sustainable Alternatives, Expanding Markets The companies and manufacturers that want to thrive in the green bio chemicals industry should prioritize value-added processing, innovative production methods, sustainable practices, strategic alliances, and market expansion in order to meet the rising demand for green bio chemical products and their wide range of uses. The key players operating in the green bio chemicals market include, BASF, ADM, Conagen, Inc., Rentechinc., BIOSYNTH, and others. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
