Moody’s warns Braskem’s stake in polyethylene joint venture Braskem Idesa may dilute due to debt restructuring, while Petrobras-Pemex partnerships remain modest despite potential future investments fr
Moody’s analyst warns Braskem’s debt restructuring hinges on creditor quorum, with judicial options looming if support fails. Success depends on resolving financial debt, environmental liabilities, an
Braskem S.A. filed for extrajudicial reorganization, suspending debt obligations after securing 39.6% creditor support. The company plans to negotiate a restructuring plan within 90 days involving pot
Braskem approved an out-of-court restructuring plan for $10.9 billion in unsecured debt while maintaining supplier obligations, complemented by a US Chapter 15 filing to secure creditor protection for
Brazil's Braskem risks losing creditor protection on Monday, hindering its planned out-of-court debt restructuring. The petrochemical producer warns that financial instability threatens cash flow requ
Braskem, Latin America's largest petrochemical firm, is negotiating an out-of-court restructuring amid over $10 billion in debt. Discussions may commence this month before August deadlines expire, imp
Brazilian polymers major Braskem appointed Deloitte as its independent auditor for 2026-2028, replacing KPMG amid a governance overhaul and shareholding restructuring. Audit services will commence wit
Braskem creditors urge state-owned Petrobras to inject capital before an August 24 deadline to avoid bankruptcy. Petrobras resists increasing ownership while negotiations continue amidst severe financ
Latin American petrochemicals face turbulence in H2 2026 due to US-Brazil tariffs and Braskem's debt crisis. Analysts predict reduced exports and potential production cuts as macroeconomic conditions
Latin America's petrochemical industry faces a turbulent second half driven by Braskem's debt crisis and US tariff disputes. Regional performance diverges as Mexican majors gain while Venezuela's sect
Brazilian polyethylene buyers are securing alternative suppliers due to concerns over Braskem's financial instability, despite a recent debt restructuring agreement. Market uncertainty persists regard
JPMorgan downgraded Brazilian petrochemical giant Braskem to Neutral, halving its target price and cutting 2026 earnings forecasts by 20% due to declining chemical margin expectations post-geopolitica
JPMorgan downgraded Braskem to Neutral, cutting its 2026 earnings forecast by 20% amid fading petrochemical spreads and debt restructuring challenges. Analysts cite global oversupply of polyethylene a
Brazilian petrochemical giant Braskem was downgraded to default-equivalent ratings by Fitch and S&P following a court-granted 60-day debt standstill. The move signals severe liquidity risks, though th
Braskem S.A. secured a 60-day judicial injunction in São Paulo halting creditor enforcement actions during mediation. The company states operational obligations to suppliers and customers remain unaff
Brazilian polymer producer Braskem announced a $3.7 billion debt restructuring plan reliant on future polymer price recoveries, causing its stock to drop nearly 11%. The strategy targets stabilized fi
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 sim
Braskem has installed a new executive team led by IG4 Capital partner Helcio Tokeshi as it prepares for an out-of-court debt restructuring due to liquidity concerns. The move aims to secure creditor s
Braskem Idesa’s Mexico unit misses petrochemical price gains due to a cash crunch and debt default, operating at half capacity while seeking $250 million in debtor-in-possession financing.
JPMorgan upgraded Braskem to 'Overweight', citing improved 2026 financials driven by global supply tightness and governance restructuring. The bank raised its share price target by nearly 50% amid fav
Braskem filed a legal petition to raise antidumping duties on US polyethylene to $456.10/tonne, claiming current rates fail to protect domestic industry amidst shifting feedstock costs and confirmed d
Petrobras CEO travels to Mexico as Braskem faces deepening debt crisis and potential Chapter 11 filing for its Mexican unit, Braskem Idesa. Ownership transfer delays compound pressure on the petrochem
Braskem shares fell 6.7% to $3.395 due to weak fundamentals including negative EPS and mixed institutional positions, despite a recent analyst upgrade. Consensus ratings remain negative with a $3.28 p
Novonor has agreed to sell its 50.1% controlling stake in Braskem to Shine I funds managed by Vórtx Capital in a court-supervised transaction. The deal requires regulatory approvals and faces skeptici
Novonor signed an agreement to sell its controlling stake in Brazilian petrochemicals producer Braskem to an IG4 Capital-backed fund. This transaction marks a significant step in Braskem's efforts to
Brazil’s Braskem is considering creditor protection measures amid liquidity concerns ahead of a July bond coupon payment. Analysts warn of complex financial challenges, while subsidiary Braskem Idesa
Brazil’s largest petrochemicals producer Braskem is reportedly evaluating a debt payment suspension as a $100 million coupon approaches. Analysts from Moody’s and Fitch warn that unresolved financial
Braskem plans to appeal Brazil's decision to impose lower-than-recommended anti-dumping duties on US polyethylene imports. CEO Roberto Ramos cited worsening competitive dynamics due to feedstock costs
Citi downgraded Braskem to sell, citing accelerating cash burn and weak petrochemical spreads through 2026. Despite potential tax benefits, the bank forecasts widening losses and advises investors to
Brazilian chemical trade group Abiquim and the Cubatao mayor are meeting the Industry Minister to lobby for reinstated tax breaks amid a global petrochemicals downturn. Without interim support, they w
Braskem shares rose over 4% after investor Victor Adler increased his stake to over 5%, signaling confidence despite the chemical giant's financial stress and debt restructuring. The move highlights i
Creditors rejected the first round of proposals in Braskem Idesa's $2.1 billion debt restructuring plan, creating uncertainty for the petrochemical joint venture's financial stability.
Braskem Idesa has proposed a $700 million debt restructuring plan to address liquidity issues caused by ethane supply constraints and low margins. However, creditors have not yet agreed to the proposa
Clariant rejects damage claims from MOL and Braskem regarding an ethylene-purchasing cartel, refuting EU competition law allegations. Combined claims against the alleged cartel now exceed €7 billion.
Braskem and Norsk e-Fuel are partnering to develop e-naphtha as a plastics feedstock. This production will complement Norsk's sustainable aviation fuels program.
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