Braskem

Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann

Producers' association pushes for higher import duties on chemical products / Competitive disadvantage due to high gas prices

Polypropylene: Braskem announces force majeure on production in Germany

Q2 revenues, core profit rise / Net loss up four-fold due to weak real vs US dollar

North America July 2024: Hurricane Beryl leads to numerous outages, logistics problems / Polyolefin, PVC prices see some significant rises / PA 6 also considerably higher / August expected to stay mostly unchanged

Purchase agreement with Encina to secure supply of recycled benzene / No plant in sight yet

North America June 2024: Most prices remain unchanged despite firmer feedstocks and production problems / Demand weak across the board / Reduced margins for producers also expected in July

North America May 2024: Rollover for most grades / Feedstock prices mixed / Converters still holding back on ordering / No price surges expected in June, but risk of hurricanes exists

Waiting for the rain: Water shortage affects more and more plastics plants / Three forces majeures so far / European PVC prices could firm

Adnoc cancels negotiations for majority takeover / Brazilian polyolefin group remains in the red

North America April 2024: Prices move in different directions / PP falls again / Cost situation supports prices for engineering thermoplastics / No major price jumps expected in May

World's first electric cracker demo plant inaugurated / Joint project with Sabic, Linde aims for more sustainability

North America March 2024: Prices rise with firm energy rates / Cautious recovery in processing segments / Active hurricane season expected / Easing of feedstock costs caps expectations for April

Drop in sales volume, prices hampers result / Full-year 2023 net loss deepens considerably / CFO says Petrobras done with due diligence, Adnoc still in process

North America February 2024: Prices vary as feedstocks rise, demand remains subdued / Forces majeures prop up PP / Engineering thermoplastics roll over / Polymers expected to be firmer

Bio-based EVA from Braskem joins distribution portfolio

Adnoc increases takeover bid again / Middle Eastern petchem group continues push for acquisitions

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

Who gives a hoot about climate? / UN conference without, then with fossil fuel phase-out

Borealis, Borouge reportedly on the verge of a merger

State-owned company reportedly plans to acquire BASF subsidiary Wintershall Dea

Billion-euro purchase offer from Adnoc / Emirates group plans to extend downstream value chain

North America September 2023: Mixed picture for standards / Forces majeures remain for PE, PP / Car industry strike hurts ordering / Price cuts likely in October

Investment expands HDPE recycling in Portugal

Pyrolysis oil to be purchased from Danish producer / Agreement with Vitol trading group