8 articles
Braskem Idesa filed for pre-packaged bankruptcy after chronic ethane shortages from PEMEX eroded its cost advantage and liquidity during a petrochemical downturn. Despite rising polyethylene prices, t
Braskem Idesa filed for Chapter 11 bankruptcy in Texas as creditors agreed to cut $920 million from its $2.5 billion debt. The restructuring addresses liquidity issues stemming from constrained ethane
Braskem Idesa filed for Chapter 11 bankruptcy in the U.S. to reduce debt by over $920 million while maintaining operations. Parent company Braskem is also exploring restructuring options in Brazil due
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.
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
Latin American chemical firms face 2026 crises driven by rising freight, raw material costs, and debt, exemplified by Braskem Idesa's restructuring and Alpek's rating downgrade. Middle East conflicts
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
ChemBrief