Why is Braskem increasing chemical output despite falling global petrochemical prices?

Braskem is increasing output to capitalize on a temporary market opportunity created by damaged Mideast petrochemical plants expected to take 12 to 18 months to resume operations, allowing Braskem to gain market share; as stated by Petrobras executive director and Braskem board member William França, the strategy is 'to capitalize on the current upswing and prepare for the next upcycle,' with the global petrochemical market forecast to rebound significantly starting in 2028.

What operational and strategic changes are occurring at Braskem following Petrobras’ expanded influence and IG4 Capital’s takeover?

Following IG4 Capital’s acquisition of control from Novonor SA and Petrobras’ expanded management role, William França — Petrobras’ executive director overseeing refineries and industrial processes — joined Braskem’s board; Petrobras is now leveraging its influence operationally (not financially) to deepen integration, including supplying more ethane feedstock to Braskem and seeking increased hydrogen supply from Braskem for refining, while IG4 leads debt negotiations with creditors and assumes full responsibility for capital structure matters.

Braskem to Keep Raising Chemical Output as Petrobras Gains Sway

Jun 18, 2026

Braskem intends to increase chemical output and plant efficiency to 85% by December as Petrobras expands control, targeting market share recovery amid falling ethylene prices. The indebted firm is simultaneously pursuing debt restructuring and securing feedstock supply agreements with its major shareholder.

bloomberg

2025-11-20

Braskem, Norsk e-Fuel partner to develop e-naphtha as plastics feedstock

2025-12-22

Clariant Rejects Latest Ethylene-Purchasing Cartel Damage Claims from MOL, Braskem

2026-01-12

Mexico’s Braskem Idesa Proposes Debt Restructuring Amid Somber Petrochemical Prospects

2026-01-14

Braskem Idesa, Creditors Disagree on $2.1B Debt Restructuring

2026-01-22

Braskem Shares Surge as Investor Victor Adler Raises Stake Above 5%