Braskem Expands Its Fuels Business Portfolio With the Launch of Octane Plus
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Braskem SA ADR (BAK)
US:NYSE Investor Relations:
braskem.com.br/ri/home-en
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Source: Business Wire
The launch of Octane Plus production will serve the premium segment of the automotive fuels marketOctane Plus meets the demanding needs of today’s high-performance engines SAO PAULO--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the expansion of its fuels business portfolio with the launch of Octane Plus focused on serving the premium segment of automotive fuels market worldwide. Octane Plus is an additive blended in the gasoline production process to increase the fuel's octane rating. The addition of Braskem’s Octane Plus enhances the fuel's ability to withstand intense temperatures which is crucial for high-performance engines requiring enhanced-octane gasoline to deliver the maximum power output.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520307193/en/O
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- Braskem S.A. (NYSE: BAK) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.00. They now have a "neutral" rating on the stock.MarketBeat
- Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23PR Newswire
- Adnoc's Scrapped Deal Spells End of Braskem Bond Rally [Yahoo! Finance]Yahoo! Finance
- Braskem Tanks After Adnoc Abandons Talks for Stake [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- 5/24/24 - JP Morgan
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