Braskem S.A. American Depositary Receipt (BAKD)

Overview

Braskem S.A. is a prominent player in the thermoplastic resins industry, engaging in the production and sale of a wide range of petrochemicals. Operating across three key geographic segments: Brazil, the United States and Europe, and Mexico, Braskem S.A. has a diverse portfolio that caters to a global market. Initially established as Copene Petroquímica do Nordeste S.A. in 1972, the company underwent a rebranding to Braskem S.A. in 2002, reflecting its broader focus and commitment to growth in the petrochemical sector. Headquartered in Camaçari, Brazil, Braskem plays a crucial role in supplying various industries with key materials, underpinning its position as a crucial backbone of the petrochemical industry.

Products and Services

• Olefins and Polyolefins: The Brazil segment specializes in the production of olefins such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1, along with polyethylene (PE) and polypropylene (PP). Braskem's offerings also include the innovative production of green PE from renewable resources, contributing to the sustainability goals of the petrochemical industry.
• BTX products: Braskem produces benzene, toluene, and xylenes, vital chemicals used in various industrial applications, from manufacturing plastics to producing synthetic fibers.
• Fuels and Intermediates: The company's range extends to automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether, alongside intermediates like cumene. These products find applications in numerous markets, including automotive and industrial sectors.
• Specialties: Braskem's specialties segment boasts products such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. These specialty chemicals are used in applications requiring specific chemical properties, such as adhesives, rubbers, and varnishes.
• Utilities and Services: Beyond chemicals and petrochemicals, Braskem manufactures, sells, imports, and exports a variety of utilities like steam, water, compressed air, and industrial gases. It also offers industrial services, further proving its versatility within the sector.
• International Operations: In the United States and Europe segment, Braskem is a key player in the production and sale of PP, notably in the United States and Germany. The Mexico segment highlights Braskem's capability in producing ethylene, high-density PE, and low-density PE. These international operations underscore Braskem's significant presence in the global petrochemical market.