Braskem Idesa to Invest $150mn In Petrochemical Plant
Braskem’s Mexican subsidiary Braskem Idesa is planning to invest $150mn to expand its petrochemical plant by 2025 in Mexico. The expansion will allow Braskem to receive its ethane from its import terminal, instead of relying on Pemex for half its supply and to...
Petrobras and Novonor cancel stake sale in Braskem
Brazil’s state-owned oil company Petrobras and Novonor (formerly Odebrecht) cancelled in “mutual agreement” its plans to sell its stake in Braskem. The announcement came after both companies declared that potential buyers did not meet expectations, without...
Braskem Announces ~$1.45bn Share Offering
Brazilian petrochemical company Braskem filed for a share offering on Friday where Petrobras and Novonor (formerly Odebrecht) will sell their stakes in the company. The share offering, filed with the Securities and Exchange Commission (SEC), consists of two...
