Braskem

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Braskem S.A
Type Sociedade Anônima
Traded as BM&F BovespaBRKM3, BRKM5
BMADXBRK
NYSEBAK
Industry Chemicals
Founded 2002
Headquarters São Paulo, Brazil
Area served Brazil
Key people Carlos Fadigas, (CEO)
Products Petrochemical
Revenue Increase US$ 18.0 billion (2013)[1]
Net income Increase US$ 214.5 million (2013) [2]
Employees 7,952
Parent Odebrecht
Petrobras
Subsidiaries Solvay Indupa
Website www.braskem.com.br

Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and one of the largest in the world.

Products[edit]

Braskem is the Americas’ top thermoplastic resins producer. With 38 industrial plants spread across Brazil, United States, Argentina and Germany, the company produces over 16 million tons of thermoplastic resins and other petrochemicals per year. Braskem is the world’s leading biopolymers producer with its 200,000 tons Green PE plant that produces polyethylene from sugarcane-based ethanol.

Basic Petrochemicals[edit]

Braskem controls the three largest petrochemical complexes in Brazil, located in the cities of Camaçari (Bahia), Mauá (São Paulo) and Triunfo (Rio Grande do Sul). Besides these three petrochemical complexes, Braskem also controls a complex in Duque de Caxias (Rio de Janeiro) which is based on gas rather than naphtha. Its basic petrochemical units account for the supply of ethylene and propylene to the company's nearby polymer units. The company also produces other chemical products such as benzene, butadiene, toluene, xylene and isoprene. These compounds are mostly sold to other chemical companies based within the complexes, such as Innova, Elekeiroz and Dow Chemical.

Although its main feedstock is naphtha, the company Braskem's Green Ethylene plant was inaugurated in September, 2010. This green ethylene plant is an important step forward in the strategy of becoming a global leader in sustainable chemicals. The plant is the largest industrial-scale operation in the world producing ethylene made from 100% renewable raw materials, i.e., sugar-cane. The project was conceived and installed in less than two years based on Braskem’s proprietary technology.

Located at the Triunfo Petrochemical Complex in the state of Rio Grande do Sul, the plant will produce 200,000 tons of green ethylene, which will be transformed into an equivalent volume of green plastic.

Polymers[edit]

Braskem is Brazil's main producer of polyethylene, polypropylene and polyvinyl chloride – PVC, with 5.7 million tons of resins capacity production in Brazilian territory. The company is also the leader in the US polypropylene market, with 1.5 million tons of capacity production. In addition, its polypropylene capacity production in Germany is 545,000 tons.

Braskem is also implementing an integrated petrochemical complex in Mexico. The complex will constitute of a cracker using ethane as feedstock, and three integrated polyethylene plants with a combined annual capacity of 1.05 million tons. The complex will begin production by mid-2015. Developed through a joint venture with the Mexican group Idesa, the project will increase the share of gas in the company’s feedstock matrix, improving its competitiveness.

History[edit]

Braskem was formed in 2002, already Latin America's leading petrochemical company, with industrial units and offices in Brazil, as well as commercial bases in the United States and Argentina. The company was formed by the consolidation of six companies: Copene, OPP, Trikem Nitrocarbono, Proppet and Polialden. In 2006, Braskem acquired Politeno, the third largest polyethylene producer in Brazil. The company joined Petrobras and Ultrapar the following year in the biggest merger in Brazilian history, when those three companies acquired Grupo Ipiranga for US$ 4 billion.[3] While Petrobras and Ultrapar shared the fuel distribution operations, Braskem took over Ipiranga Petroquímica, Ipiranga's former petrochemical operation.

Purchases[edit]

On January 22, 2010, Braskem announced the full incorporation of Quattor, the second largest petrochemical company in Brazil, becoming the second largest in the Americas and the eighth largest in the world. On April 1, 2010, the company bought the petrochemical operations of the American Sunoco, adding more than 1.5 million tons of resins in the production capacity of Braskem. The acquisition of Sunoco's polypropylene business for US$ 350 million initiated the Company's operations in the U.S. market. In October 2011, Braskem acquired the polypropylene assets of Dow Chemical: two plants in the United States and two plants in Germany.

Braskem America is the leading producer of polypropylene in the United States, with five production plants located in Texas, Pennsylvania and West Virginia, and a Technology and Innovation Center in Pittsburgh.[3][4] Headquartered in Philadelphia, Braskem America is a wholly owned subsidiary of Braskem S.A.

Braskem Europe is headquartered in Frankfurt, Germany with two plants in Schkopau and Wesseling. Braskem Europe is a wholly owned subsidiary of Braskem S.A.

References[edit]

  1. ^ [1]
  2. ^ [2]
  3. ^ http://www.genomatica.com/news/press-releases/braskem-signs-joint-development-agreement-for-bio-based-butadiene/
  4. ^ http://knowledge.wharton.upenn.edu/article/brazils-braskem-makes-giant-bet-north-america/

External links[edit]