Standard Owner Benchmark - Braskem

Braskem is a Brazilian petrochemical company that operates globally and is one of the largest producers of thermoplastic resins in the Americas. Founded in 2002, Braskem has grown to become a significant player in the petrochemical industry, focusing on the production of polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC) resins.

The company's operations span across the entire production chain, including the extraction of raw materials, such as naphtha and ethane, as well as the manufacturing and distribution of a wide range of plastic resins. Braskem's products are used in various industries, including packaging, automotive, construction, healthcare, and more.

One notable aspect of Braskem's operations is its commitment to sustainability and the development of renewable and bio-based materials. The company has made significant investments in research and development to promote the use of renewable resources in the production of plastics. Braskem has been a pioneer in the commercial production of Green Polyethylene, a bio-based plastic made from sugarcane ethanol, which reduces greenhouse gas emissions compared to conventional plastics.

Furthermore, Braskem has implemented various sustainability initiatives, including programs focused on recycling and circular economy principles. The company actively engages in partnerships and collaborations to promote the recycling and responsible use of plastics, aiming to minimize waste and maximize resource efficiency.

In recent years, Braskem has faced challenges related to environmental issues, such as the contamination of soil and water sources near some of its operations. The company has been working to address these challenges through remediation efforts and implementing measures to enhance environmental performance and compliance.

Braskem operates with a global perspective, with production units and offices in multiple countries, including Brazil, the United States, Mexico, and Germany. The company serves customers worldwide, contributing to the production and distribution of essential plastic materials for various industries.

In summary, Braskem is a major petrochemical company based in Brazil, specializing in the production of plastic resins. While the company faces environmental challenges, it is actively working on sustainability initiatives, including the development of renewable and bio-based materials and engagement in recycling and circular economy practices.