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SummaryUpdated Jun 1, 2026
Braskem S.A. (NYSE:BAK) is Brazil's largest petrochemical company and a leading thermoplastic resin producer in the Americas. Founded in 1972 as Copene Petroquímica do Nordeste S.A., the company changed its name to Braskem in 2002 and went public in 1999. Headquartered in Camaçari, Brazil, Braskem operates integrated petrochemical facilities across Brazil, the United States, Germany, and Mexico, producing essential chemical building blocks and plastic resins used in countless everyday products from automotive parts to packaging materials.
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Braskem SA's bondholders rejected the petrochemical company's restructuring proposal, increasing pressure on Petrobras to inject fresh capital.3d agoBrazil's Senate economic affairs committee approved inviting Petrobras and IG4 Capital to a public hearing to answer questions about the Braskem ownership change and its impact on Maceio victims.12d agoBrazil's Federal Public Defender filed a public civil action on 27 August 2026 against Braskem and the federal government over abandoned salt mines in Maceió, seeking at least R$5 billion (US$971 million) in damages for mineral losses.23d ago