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Braskem

From disposable cups to auto parts, thermoplastic resins produced by Braskem are found everywhere in daily life. The company operates in the chemical and petrochemical sectors with 36 industrial units located in Brazil, the United States and Germany, serving clients in 70 countries with the products that it exports. 

Established in 2002, Braskem became the largest producer of thermoplastics in the Americas, with stocks listed or traded on the BMF&Bovespa, NYSE (USA), and Latibex (Spain) stock markets. Its shareholders include Odebrecht, Petrobras, BNDESPAR, and others.

Braskem has moved forward with its growth and internationalization program thanks to the construction of a polyethylene petrochemical complex in Mexico, Etileno XXI, in a joint venture with Idesa. The plant - constructed with the collaboration of Odebrecht Engenharia Industrial - began operating in 2016. 

 

Other important initiatives include:

  • Launch of the Plastic Chain Competitiveness Incentive Plan (PIC), with an estimated investment of up to R$ 80 million;União com empresas da Organização Odebrecht para estudo de projeto de produção de eteno e polietileno a partir do shale gas, nos Estados Unidos;
  • Unified action with companies in the Odebrecht Group to design a project for the production of ethylene and polyethylene from shale gas in the United States;
  • Expansion and conversion of one of the polyethylene production lines in Bahia that works with metallocene-based LLDPE (Low Linear Density Polyethylene).

Awards and Distinctions

Several awards received by Braskem attest to the excellence of its services and to its international reputation:

  • Carbon Efficient Index (ICO2) and Corporate Sustainability Index (for the ninth consecutive year) from BM&F Bovespa;
  • Gold ranking for its Greenhouse Gas (CHG) emissions inventory in the Brazil GHG Protocol program;
  • Whirlpool Sustainability Award, with the Be + Entrepreneur program, for social inclusion;
  • The 2013 Sustentar Award, for I’m GreenTM green polyethylene, at the 6th Forum on Sustainable Development;
  • Best Practices in Sustainability (fourth place), awarded by the Benchmais Institute for the Living Water Project;
  • Among the 100 Best companies in OHDI (Organizational Human Development Index) and one of the 50 Best Companies in Corporate Citizenship, according to HR Management magazine;
  • The Dow Jones Sustainability Index for Emerging Markets (DJSI) for the second year in a row;
  • Kirkpatrick Chemical Engineering Achievement Award, for the Green Polyethylene project;
  • One of the most sustainable companies and with the best global performance in the chemical industry, according to RobecoSAM’s Annual Corporate Sustainability Assessment (CSA).

Green Products

Braskem was the first company in the world to develop polyethylene from 100% renewable ethanol from sugarcane. The so-called "green plastic" was launched in 2007. Since then, the Business has created other green resins and established a green ethylene unit in Rio Grande do Sul.

Green polyethylene captures 2.15 kg of CO2 per kg produced. In addition, 80% of the energy consumed in production comes from renewable sources. See the assessment study of the life cycle of I'm GreenTM green plastic, produced by Braskem and global consulting firms.

Timeline

Braskem was founded as part of a movement to diversify the Group. Investments in chemical and petrochemical projects began in 1979, when Odebrecht acquired a stake in the Camaçari Petrochemical Company (CPC), located in the Camaçari Industrial Center in Bahia.

The strategy adopted by Odebrecht for the creation of a Brazilian petrochemical industry leader in Latin America involved a series of other acquisitions in the 1980s, such as that of Salgema Indústrias Químicas, PPH - Companhia Industrial de Polipropileno, and Poliolefinas, as well as stake in Unipar - União de Indústrias Petroquímicas (Union of Petrochemical Industries). Through the National Privatization Program begun in the 1990s, the Group acquired a controlling interest in Copesul - the center for raw materials for the Triunfo Center in Rio Grande do Sul - and increased its stake in PPH and Poliolefinas. In 1995, the Group created OPP Petroquímica S.A.

In 2001, Odebrecht acquired a controlling interest in Companhia Petroquímica do Nordeste (COPENE), the raw materials center for the Camaçari Center, in partnership with the Mariani Group. One year later, a merging of assets of the controlling companies in the sector – OPP, Trikem, Polialden, Nitrocarbono and Proppet – resulted in the creation of Braskem, which became Latin America’s largest petrochemical company.

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