Braskem Selected to Negotiate Terms of a Prestigious $50 Million Award from U.S. Department of Energy to Drive Electrification Revolution
Braskem SA ADR (BAK)
US:NYSE Investor Relations:
braskem.com.br/ri/home-en
Company Research
Source: Business Wire
Braskem’s UTEC® - Accelerating the Future of U.S. Lithium-Ion Battery Manufacturing PHILADELPHIA & HOUSTON--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the Americas' leading polyolefins producer and a global pioneer in biopolymers, today proudly announces that the company has been selected by the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular weight polyethylene (UHMWPE) production capabilities in La Porte, Texas, specifically targeting the lithium-ion battery separator (LIBS) market.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923835464/en/Braskem's UTEC facility in La Porte, Texas (Photo: Business Wire)Braskem sells UHMWPE under the trade name UTEC® (“UTEC”). By driving innovation in UTEC technology,
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News
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- Philadelphia Eagles and Braskem “Tackling STEM” Program Empowers Youth Across the Greater Philadelphia AreaBusiness Wire
- Braskem SA (BAK) Q3 2024 Earnings Call Highlights: Strong EBITDA Growth Amid Industry Challenges [Yahoo! Finance]Yahoo! Finance
- Braskem reports Recurring EBITDA of R$2.4 billion in 3Q24, 44% higher compared to 2Q24PR Newswire
- Braskem Netherlands Finance B.V. announces expiration and final results of cash tender offer for any and all of its outstanding Subordinated Resettable Fixed Rate Notes due 2081 [Yahoo! Finance]Yahoo! Finance
BAK
Sec Filings
- 12/19/24 - Form 6-K
- 12/16/24 - Form 6-K
- 12/11/24 - Form 6-K
- BAK's page on the SEC website