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
- Braskem and WEAV3D® Awarded by the Society for Plastics Engineers (SPE) and American Composites Manufacturers Association (ACMA)Business Wire
- Braskem S.A. (NYSE: BAK) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating.MarketBeat
- Braskem unveils new biocircular PP product for food packaging [Yahoo! Finance]Yahoo! Finance
- Braskem America Introduces Bio-Circular Polypropylene (PP): A Sustainable Solution for the Restaurant and Snack Food IndustriesBusiness Wire
- Braskem Announces the Official Opening of its Renewable Innovation Center in Lexington, MassachusettsBusiness Wire
BAK
Sec Filings
- 9/27/24 - Form 6-K
- 9/19/24 - Form 6-K/A
- 9/19/24 - Form 6-K
- BAK's page on the SEC website