Businesses and InterestsBraskem

From toothbrushes to computers, the thermoplastic resins produced by Braskem can be found in several different daily life situations. The company produces polyethylene, polypropylene and PVC resins, as well as basic petrochemical products, and is the Odebrecht Organization company in the Chemical and Petrochemical sector.

Creation of Braskem

Braskem was founded in 2002, although the Organization’s investments in the segment began back in 1979. During that year, Odebrecht acquired stake in Companhia Petroquímica Camaçari (CPC), which belongs to the Camaçari Petrochemical Pole in Bahia.

The strategy that Odebrecht adopted to build a leading Brazilian petrochemical company in the sector in Latin America involved a series of other acquisitions. Many were motivated by Brazil’s National Privatization Program, under which the Federal Government sold the stake of companies from the area.

In 2001, the partnership established with the Mariani Group allowed the company to purchase shareholder control of Companhia Petroquímica do Nordeste (COPENE), the raw material center of the Camaçari Petrochemical Pole. One year later, the merger of the Organization's assets in the sector resulted in the creation of Braskem, soon to become Latin America’s largest petrochemical company.

 


 

The Company today

With the acquisition of Quattor through an Investment Agreement signed between Odebrecht, Petrobras, Braskem and UNIPAR in January 2010, Braskem became the largest petrochemical company in the Americas in terms of thermoplastic resin (polyethylene, polypropylene and PVC) production capacity.

In February 2010, Braskem acquired the polypropylene (PP) businesses of Sunoco Chemicals Inc. in the United States, with the capacity to produce 950,000 tons of raw material per year. With head office located in Pennsylvania, the company has three industrial units located in La Porte (Texas), Marcus Hook (Pennsylvania) and Neal (West Virginia), responsible for 13% of the installed capacity for PP production in the United States. The following year, the acquisition of the polypropylene assets of another North American company, Dow Chemical, in the United States and Germany consolidated Braskem’s position as the United States’ largest polypropylene producer and one of the world’s largest.

Braskem is the largest thermoplastic resin producer in the Americas. With 35 industrial plants distributed throughout Brazil, the United States and Germany, the company has an annual production capacity of more than 16 million tons of thermoplastic resins and other petrochemical products. As part of their internationalization process, Braskem and Idesa – one of Mexico’s main petrochemical groups – joined forces with Pemex – a state-owned Mexican oil and gas company – by signing investment and ethane supply contracts for the installation of an integrated petrochemical project in that country, which will involve investments of US$ 3 billion. The project involves the production of one million tons of ethylene and polyethylene per year in three polymer plants, with the start of operations set for 2015.

Braskem, which is controlled by Odebrecht, has Petrobras as its main partner and shares listed on the São Paulo, New York and Madrid stock exchanges. With a strategic presence in the international market, the company supplies resins and other items to over 60 countries on five continents.

 


"Green Polyethylene"

Focused on sustainability, Braskem developed the world’s first polymer made from a 100% renewable source: sugarcane. The item is one of more than 445 patents registered by the company in Brazil and abroad.

The first product manufactured with the “green polymer” was the board game Banco Imobiliário Sustentável (“Sustainable Monopoly”), sold by the brand Estrela. Several different companies gained a new awareness as to the importance of including the material in the composition of their products and established long term commercial contracts in Braskem, such as Danone, Nestlé, TetraPak, Johnson & Johnson, Natura, Procter & Gamble, Faber Castell and Coca-Cola, among others Based on the increased demand, the petrochemical company decided to invest in a production unit in Triunfo, Rio Grande do Sul, specializing in “green polymers.” With a production capacity of 200,000 tons/year, the plant was inaugurated in September 2010. The company also launched a project to build a "green propane" industrial unit, set to start production by the end of 2013.

With the inauguration of its factory for the production of polyethylene derived from sugarcane ethanol, Braskem became the world’s largest biopolymer producer.

And its pioneering actions do not stop there. The brand has also been involved in other eco-sustainable initiatives, including:

 

  • The joining of the São Paulo Corporate Sustainability Index;
  • Signing of the United Nations Program for the Environment International Declaration on Cleaner Production.


 

Chemicals and Petrochemicals website

Read more about the company at the Chemicals and Petrochemicals website.

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