BRKM3: quote, dividends and indicators for Braskem

Braskem is a publicly traded chemical and petrochemical company, with shares listed on B3 under the tickers BRKM3, BRKM5, and BRKM6. Its origins date back to July 2001, when the then Odebrecht S.A., now Novonor S.A., in partnership with Grupo Mariani, acquired control of Copene, in the Camaçari Petrochemical Complex in the state of Bahia. In August 2002, the merger of Copene with five other companies in the sector resulted in the creation of Braskem, consolidating relevant petrochemical assets in the country. Between 2006 and 2010, the company intensified the consolidation of the Brazilian petrochemical industry, with emphasis on the integration of the Triunfo Complex in Rio Grande do Sul and the acquisition of Quattor, with assets in São Paulo and Rio de Janeiro, which increased its scale and relevance in the domestic and international markets.

Braskem’s trajectory includes a continuous internationalization process. In 2010, the company acquired polypropylene (PP) assets from Sunoco Chemicals in the United States, and in 2011 it announced the acquisition of Dow Chemical’s PP business, incorporating four plants, two in the US and two in Germany. These moves consolidated the company’s position as one of the main polypropylene producers in the region and expanded its presence in developed markets. In 2016, the Braskem Idesa joint venture in Mexico started polyethylene (PE) production at an ethane-integrated complex, strengthening access to competitive gas-based feedstock. In 2020, the company started the Delta Project, a greenfield PP plant in La Porte, Texas, with capacity of 450 thousand tons per year, deepening its expansion strategy in North America.

In Brazil, Braskem’s business model covers the first and second generations of the petrochemical chain, with strong integration between basic chemicals and thermoplastic resins production. The Brazil segment includes operations in olefins, aromatics, solvents, fuels, polyolefins, and vinyls, distributed mainly across the complexes of Camaçari (BA), Triunfo (RS), Capuava and other units in the state of São Paulo, as well as the Rio de Janeiro complex and plants in Alagoas. In these complexes, the company processes naphtha, ethane, propane, natural gas and other streams through crackers that produce ethylene, propylene, butadiene, benzene, xylenes, among other inputs used both internally and sold to third parties. From these intermediates, Braskem manufactures polyethylene of different densities, polypropylene, PVC, chemical specialties and utilities (such as steam and energy), forming an integrated chain that favors economies of scale and production flexibility.

The company’s portfolio is diversified in terms of products and operating segments. In the Brazil segment, polyolefins operations produce low-density, linear low-density, high-density and ultra-high molecular weight polyethylene and EVA, polypropylene, in addition to I’m green bio-based PE derived from sugarcane ethanol, and post-consumer recycled resins. The vinyls operations cover integrated PVC production, a raw material predominantly used in construction, in pipes, fittings and window frames. There are also specialties operations, which include inputs such as isoprene, dicyclopentadiene, piperylene, polyisobutene, hydrocarbon resins and green PE wax, with applications in specific industrial segments. In the United States and Europe, the focus is on polypropylene and ultra-high molecular weight polyethylene (UTEC) production, with plants located in Texas, Pennsylvania, West Virginia and in the German cities of Wesseling and Schkopau. In Mexico, the Braskem Idesa complex combines an ethane cracker with HDPE and LDPE plants, forming an integrated polyethylene platform.

The revenue mix mirrors the relevance of the different markets in which Braskem operates. In 2025, the Brazil segment accounted for the largest share of consolidated net revenue, followed by the United States and Europe segment, and the Mexico segment. The company sells its products to customers in more than 70 countries, through a global marketing platform with commercial offices in the Americas, Europe and Asia. The customer base is broad and diversified, with no significant concentration in a single buyer, and includes plastics processors, consumer goods industries, companies in the automotive, packaging, construction, hygiene and cleaning sectors, as well as manufacturers of intermediate chemical products. As of December 31, 2025, Braskem served thousands of customers around the world, with a notable presence in flexible and rigid packaging, automotive applications, industrial components, and applications in fabrics, paints and coatings.

From a geographical standpoint, the company maintains industrial assets in different Brazilian states and in key international petrochemical regions. The complexes of Camaçari, Triunfo, Capuava, Rio de Janeiro, as well as the units in Cubatão, Santo André, Mauá, Paulínia and Alagoas, make up the domestic production base and connect to ports, pipelines, refineries and logistics infrastructure specific to chemical feedstocks and products. Abroad, operations are concentrated on the US Gulf Coast and in industrial regions of Germany, as well as in the state of Veracruz in Mexico. This configuration allows Braskem to meet both local demand and export to multiple regions, combining fossil, renewable and recycled feedstocks in its production matrix. In 2025, operations in Brazil accounted for about 60% of net revenue, while approximately 40% was generated by international operations.

Braskem also plays a significant role in renewables and technological innovation. Since 2010, with the start-up of the green ethylene plant in Triunfo, the company has been producing I’m green bio-based PE on an industrial scale using sugarcane ethanol. This asset has had its capacity expanded, and in 2025 the green ethylene production capacity was revised to 275 thousand tons per year, after industrial tests confirmed the possibility of an increase compared to the original project. The company has established strategic partnerships, such as the agreement with Lummus Technology for the development and global licensing of green ethylene technology, and the creation of Sustainea, a joint venture with Sojitz for the production of bioMEG and bioMPG, renewable inputs used in PET, cosmetics and industrial goods. In 2023 and 2024, it also advanced in setting up Braskem Siam, a joint venture with SCG Chemicals in Thailand, focused on developing a green ethylene dehydration plant in Asia, with the project in the basic engineering phase.

In terms of regulation and the environment, Braskem is subject to strict environmental standards in Brazil, the United States, Europe and Mexico, covering licensing, air emissions, effluents, hazardous waste and industrial safety. In Brazil, the company operates under federal and state legislation, including the Environmental Crimes Law, and needs operating licenses for each plant, issued and periodically renewed by local environmental agencies. The company maintains management and internal audit systems to monitor compliance and license expiration. At its units, liquid effluents are treated at proprietary stations or integrated systems, such as Sitel in the Triunfo Complex and treatment facilities in the complexes of Rio de Janeiro, São Paulo, Bahia and Alagoas; hazardous waste is typically incinerated or co-processed in cement kilns, and non-hazardous waste is sent to sanitary landfills.

Environmental management also includes specific initiatives related to liabilities and impact mitigation. In 2020, Braskem shut down its mercury-cell-based chlor-alkali plant in Bahia, following a decommissioning process that involved dismantling, decontamination and appropriate waste disposal, with environmental assessments conducted in accordance with Brazilian standards. In 2025, the company reported recycling or reusing a relevant share of the solid waste and water used in its production processes, demonstrating circular economy efforts. In parallel, its long-term strategy combines industrial decarbonization, biotechnology, recycling and the development of new products with a lower carbon footprint, aligning Braskem’s operations, whose BRKM3, BRKM5 and BRKM6 shares are traded on B3, with global sustainability and environmental regulation trends in the chemical and petrochemical sector.