$BAK

5 stories mentioning BAKUpdated 2d ago

Every FINWIRES story that references BAK, newest first.

Braskem, Lallemand Introduce Bio-Acetone Platform for Ethanol Producers in US

Braskem (BAK) and Lallemand Biofuels & Distilled Spirits have launched a new bio-acetone production platform for the corn-ethanol industry, the companies said Tuesday.The technology enables producers to create a new coproduct alongside ethanol, the companies said, adding that the technology is now available in the US following five years of collaborative development and validation.Bio-acetone is an alternative to fossil-based acetone. It can be used in cosmetics, paints and coatings, acrylics, adhesives, and personal care applications, the companies said.Price: $2.38, Change: $-0.06, Percent Change: -2.54%

$BAK

Research30d ago

JPMorgan Downgrades Braskem to Neutral From Overweight

Braskem (BAK) has an average rating of hold and mean price target of $4.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Commodities41d ago

Braskem Launches Lower Emissions Vessel, 3 More to Join Fleet

Brazil's Braskem (BAK), the largest producer of polyolefins in the Americas and major global producer of biopolymers said that its Braskem Trading & Shipping unit has launched a new low-carbon oil tanker, Blooming Future.The ship will transport naphtha to Braskem, operating at an optimized speed to cut fuel consumption and emissions and can carry a cargo equivalent to 35 olympic-sized swimming pools, it said.The vessel incorporates biofuel-ready engines and energy-efficient systems that cut CO2 emissions by 30% versus other Braskem vessels, avoiding around 6,500 tonnes in emissions of the gas each year, its statement said.It is part of a broader fleet expansion program that foresees the operation of four LR1 tankers by early next year.Braskem Trading & Shipping leads in sustainable maritime shipping initiatives such as investment in lower-emissions vessel operations, it said.

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Wire79d ago

Braskem Shares Rise After JPMorgan Upgrade

Braskem (BAK) shares rose 26% on Tuesday after JPMorgan upgraded the stock to overweight from neutral with a price target of $5.50 per share.Trading volume stood at nearly 7.3 million shares compared with a daily average of close to 2.7 million.Price: $4.80, Change: $+1.00, Percent Change: +26.26%

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Wire101d ago

Braskem Discloses Judicial Deal for Sale of Controlling Stake to IG4-Advised Fund

Braskem (BAK) said it received notice that Novonor and its unit NSP Investimentos entered into a judicial agreement to sell their controlling stake in the petrochemical producer to the IG4-advised Shine I FIP fund, according to a Monday regulatory filing.Under the agreement, Shine I FIP will acquire 226.3 million common shares and 47.3 million class A preferred shares, representing about 50.1% of Braskem's voting capital and 34.3% of its total share capital, the filing said. NSP Investimentos will retain 31.9 million class A preferred shares, equal to about 4% of Braskem's total capital.The transaction remains subject to several conditions, including required judicial approvals, remaining regulatory clearances, and confirmation that Petrobras (PBR) will not exercise its preemptive or tag-along rights under the shareholders' agreement, the filing said.Price: $3.65, Change: $+0.08, Percent Change: +2.10%

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