Brazil's Braskem approves 4.2 bln reais investment to increase ethane base capacity
ReutersOct 24, 2025 12:38 PM
Oct 24 (Reuters) - Braskem SA BRKM3.SA:
APPROVES INVESTMENT TO INCREASE THE ETHANE BASE CAPACITY OF ITS PETROCHEMICAL PLANT IN RIO DE JANEIRO - FILING
TOTAL ESTIMATED INVESTMENT IN THE PROJECT IS APPROXIMATELY 4.2 BILLION REAIS
VALUE MAY VARY UP TO 30%
PROJECT TO INCREASE CAPACITY BY 220,000 TONS OF ETHYLENE PER YEAR AND EQUIVALENT VOLUMES OF POLYETHYLENE
PROJECT EXPECTED TO BE CONCLUDED BY 2028 IS CONDITIONAL ON OBTAINING FINANCING, IN ADDITION TO THE FUNDS ALREADY APPROVED UNDER THE REIQ
ALSO APPROVED CONTRACTING ADDITIONAL ETHANE VOLUME THROUGH SUPPLY AGREEMENT WITH PETROBRAS, SUBJECT TO CONCLUSION OF NEGOTIATIONS
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