An announcement from Braskem SA ( (BAK) ) is now available.
On February 26, 2025, Braskem S.A. announced the approval of a project to expand its petrochemical plant in Rio de Janeiro, increasing its ethylene production capacity by 220,000 tons annually. This initiative, requiring an investment of approximately R$233 million, aims to boost the company’s competitiveness and align with its transformation strategy by securing a long-term ethane supply agreement with Petrobras and utilizing tax incentives under Brazil’s Special Regime for the Chemical Industry.
More about Braskem SA
Braskem S.A. operates in the petrochemical industry, focusing on the production of ethylene and polyethylene. The company is a significant player in the Brazilian chemical sector, leveraging its strategic position to enhance competitiveness through increased use of gas in its feedstock matrix.
YTD Price Performance: 2.00%
Average Trading Volume: 988,013
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.66B
For detailed information about BAK stock, go to TipRanks’ Stock Analysis page.