BAK

Braskem S.A. is the largest petrochemical company in Latin America and a leading producer of thermoplastic resins in the Americas. The company produces petrochemicals and polymers including polyethylene, polypropylene, and polyvinyl chloride (PVC) used in diverse applications from packaging to automotive components. Braskem operates integrated production facilities in Brazil, the United States, Mexico, and Germany, serving customers across the Americas and Europe. Founded in 2002 through consolidation of Brazilian petrochemical assets, the company is controlled by Novonor (formerly Odebrecht) and Petrobras. Headquartered in São Paulo, Brazil, Braskem has faced challenges related to corporate governance issues in Brazil but maintains strong market positions and operational capabilities. The company is investing in sustainable chemistry including bio-based polyethylene produced from sugarcane ethanol. Braskem benefits from its integrated production model, access to competitive feedstocks, and leadership positions in key markets. The company continues to focus on operational efficiency, financial deleveraging, and sustainability initiatives including circular economy solutions.