History and Profile

History and Profile

History

A 15-year trajectory of challenges, innovation and achievements  

  2002

  • From the integration of Copene, OPP, Trikem, Proppet, Nitrocarbono and Polialden, Braskem was created on August 16, 2002
  • The Company has its shares listed on the São Paulo Stock Exchange (Bovespa) and NYSE

   2006

  • Braskem acquires Politeno, 3rd largest producer of PE in Brazil, increasing its resins capacity by 20% and starting the consolidation phase of the petrochemical industry in the Country

 

   2007

  • Braskem acquires the chemical and petrochemical assets of the Ipiranga Group, including the control of Copesul, thus concluding the consolidation of the petrochemical sector in Brazil

 

   2008

  • In partnership with Petrobras, Braskem opens a PP plant in Paulínia, the Company's first greenfield project

 

   2009

  • In May 2009, the merger of Petroquímica Triunfo into Braskem was approved
  • Creation of the Braskem-Idesa JV for the implementation of a petrochemical project in Mexico

 

    2010

  • Braskem announces acquisition of Quattor
  • Beginning of the internationalization process with acquisition of the Sunoco PP plants in the USA
  • Inauguration of green ethylene / PE plants at the petrochemical complex of Triunfo, Rio Grande do Sul

   2011

  • Acquisition of Dow Chemical's PP assets in U.S. and Germany, becoming the largest producer of PP in the United States

 

   2012

  • Start-up of the new PVC unit in the state of Alagoas, with a capacity of 200 ktons/year
  • Start-up of the new butadiene plant at the Triunfo complex

 

   2016

  • Start-up of the Braskem Idesa complex in Mexico, a partnership with the Mexican company Idesa S.A.P.I., representing a milestone in the strategy of diversification of raw materials and internationalization

   2017

  • Braskem starts a new ultra-high molecular weight PE plant (UTEC®) in Texas, strengthening its presence in the Americas

 

 

Profile

Braskem figures among the largest petrochemical producers in the world. The Company is the leading thermoplastic resins (polyethylene, polypropylene and PVC) producer in the Americas and also the largest producer of polypropylene in U.S.. Braskem employs more than 8 thousand members and operates 41 industrial units: 29 located in Brazil, in the states of Alagoas, Bahia, Rio Grande do Sul, Rio de Janeiro and São Paulo; 6 units in the United States (West Virginia, Texas and Pennsylvania); 2 units in Germany (Wesseling and Schokpau); and 4 units through its subsidiary Braskem Idesa, located in the city of Coatzacoalcos. Each year, it produces more than 20 million tons of petrochemical products and intermediate chemicals, with sales revenue of R$55.5 billion (US$15.9 billion) in 2016. Braskem's strategy is based on promoting the competitiveness of Brazil's petrochemical chain, consistent with its commitment to promote sustainable growth .

In line with its commitment to corporate governance best practices and excellence in investor relations, Braskem strives for the highest levels of efficiency and transparency in its disclosure processes. Braskem' shares are listed on the São Paulo Stock Exchange - B3 (BRKM5, BRKM6, BRKM3), on the New York Stock Exchange - NYSE (BAK) and on the Latibex segment of the Madrid Stock Exchange (XBRK), with all shares offering 100% tag along rights.

Braskem's business model encompasses both first and second generation petrochemical processes, which assures greater operational efficiency in this portion of the chain. First generation operations involve the business cycles related to the production of basic raw materials, such as ethylene and propylene, which are fundamental for the second generation operations in which thermoplastic resins such as polyethylene, polypropylene and PVC are produced.

Braskem invests regularly in research and development. Consistent with its commitment to innovation and increasing the competitiveness of the petrochemical and plastics chain in Brazil, the Company makes available to its clients two Technology and Innovation Centers, located in Brazil and U.S., which provides technological support for the development of products, processes and applications.

Braskem's activities are organized into the following business units:

 

Chemicals and Vinyls Business Unit

With plants in the states of Bahia, São Paulo, Rio de Janeiro and Rio Grande do Sul, this unit produces a wide array of basic or first generation petrochemical products, including:

  • Olefins, such as ethylene, propylene (polymer and chemical grades), butadiene, isoprene and 1-butene;
  • Aromatics, such as benzene, toluene, paraxylene, orthoxylene and mixed xylene;
  • Fuels, such as gasoline and liquefied petroleum gas (LPG); and ETBE, solvent C9 and pyrolysis gas C9.

This unit's products are used to make thermoplastic resins (polyethylene, polypropylene and PVC) by the other business units of Braskem (second generation) and by its clients. Braskem also sells butadiene and a series of aromatics (benzene, paraxylene, orthoxylene and mixed xylene) to third-party petrochemicals producers, which use them to make various second-generation products, such as synthetic rubber, elastomers, polystyrene resins, purified terephthalic acid, dimethyl terephthalate (DMT), phthalic anhydride, plasticizers and paints

Furthermore, Braskem's Chemicals and Vinyls Unit, with PVC plants located in the states of Bahia and Alagoas, is the only vertically integrated producer in the vinyls chain in Brazil. Braskem starts its production process in the extraction of brine, for the soda and chlorine production, and this chlorine is sent for PVC production. The main products in this unit are:

  • PVC: resin with strong demand from makers of pipes, window frames and other construction materials.
  • Chlorine: used to make PVC, pesticides, pharmaceuticals, hospital cleaning products and for water treatment.
  • Soda: used in the production of soaps, pulp and paper, aluminum and other products.

 

South America and Europe Polyolefins Business Unit

With plants in the states of Bahia, São Paulo, Rio de Janeiro and Rio Grande do Sul, the South America Polyolefins Unit is responsible for the production of a variety of products, such as:

  • Polyethylene (low density, linear low density, high density and ultra high molecular weight): resin used as a raw material to make various plastic products, including flexible packaging, packaging for cleaning and personal hygiene products, sacks, shrink wrap for packaging, etc.
  • Polypropylene: resin with many applications for the auto industry, cabinets for home appliances, sacks for fertilizers, cement and seeds, disposable plates and cups, etc.
  • Green Polyethylene (high density and linear low density): resin made from sugarcane ethanol, a renewable raw material. With similar characteristics of a fossil feedstock basis polyethylene, the green polyethylene is used as raw material to make cosmetics, food and cleaning packaging.

The Europe Polyolefins Unit is responsible for the operation, management and sale of the polypropylene produced in Germany

 

North America Polyolefins Business Unit

The North America Polyolefins Unit, represented by Braskem America and Braskem Idesa, is responsible for the operation, management and sale of the polypropylene produced in the U.S. and the polyethylene and basic petrochemicals produced in Mexico.

Braskem America is an integral subsidiary of the Company and the largest PP producer in the U.S., with 1,465 kton/year of capacity of production divided in 5 industrial sites, 3 of which are found in Texas, one in Pennsylvania and one in West Virginia. The operations are not fully integrated and the Company must purchase propylene from third parties to supply its PP production in the region. Braskem also produces UTEC in the U.S., a polyethylene of ultra high molecular density, with its sales focused on the overseas market.

Braskem Idesa, is the joint venture between Braskem (75%) and the Mexican group Idesa (25%), responsible for the construction of the integrated petrochemical complex in Mexico. Located in the Mexican state of Veracruz at the southern end of the Gulf of Mexico, the Ethylene XXI Project involves the production of around 750 kton of high-density polyethylene and 300 kton of low-density polyethylene using ethane as feedstock.