Home / Knowledge / News / Textiles / Ethylene & propylene sales down in Q3, BRASKEM
Ethylene & propylene sales down in Q3, BRASKEM
Nov '10
BRASKEM S.A., the leading resin producer in the Americas, announces its 3Q10 results.


• Braskem's thermoplastic resin sales of 934 ktons in the domestic market, up 17% from the prior quarter.
• Operating rate for the crackers in the quarter was over 90% for the first time since the consolidation of the Quattor assets.
• Start up of the Green Ethylene plant at the Triunfo petrochemical complex, which has annual production capacity of 200 ktons, which is used as feedstock for the production of Green Polyethylene, which led Braskem to become the global leader in biopolymers. With investment and schedule according to estimates, its product was specified in a record 24 hours.
• Braskem advanced its strategy to become a global leader in sustainable chemicals and announced a project to produce Green Polypropylene at K Fair, one of the most important events in the plastic industry.
• Braskem entered into an agreement with Laboratório Nacional de Biociências (LNBio) located in Campinas to develop technologies for the production of polymers from renewable raw materials that are competitive, cost-effective and efficiently sequester carbon dioxide from the atmosphere.
• In line with its commitment to reduce leverage and obtain an "investment grade" credit rating, Braskem's net debt/EBITDA1 ratio reached 2.63x, declining 7% from the prior quarter.
• Braskem concluded another phase of its financial strategy in October by raising US$450 million in perpetual bonds with a coupon of 7.375% p.a., lengthening its pro-forma average debt term to 11.92 years.
• The Economic Oversight Department (SEAE) of the Ministry of Finance and the Economic Law Department (SDE) of the Ministry of Justice recommended to the Administrative Council of Economic Defense (CADE), Brazil's anti-trust authority, the unqualified approval of the acquisition of Quattor.
• Seeking to increase its proximity to Clients and better understand their needs, Braskem expands its global presence by inaugurating a commercial office in Colombia. Braskem is also preparing to open new commercial offices in Singapore and Peru.
• For the second time, Braskem received the Guia Exame Sustainability award by figuring among the 20 most sustainable companies in Brazil. The awards ceremony was held on November 10.

Basic Petrochemicals Performance
The higher operating rates of naphtha-based crackers, driven by stronger demand for ethylene and a slight and temporary drop in the competitiveness of gas-based players in 3Q10, increased the supply of co-products and consequently led to lower prices in the international market.

Ethylene and propylene sales in 3Q10 reached 236 ktons, down 8% from 2Q10, mainly due to (i) the lower propylene exports and (ii) the scheduled maintenance stoppages in 2nd generation ethylene clients.

The solid performance in the domestic market and the export opportunities increased butadiene sales in 3Q10 by 11% from the previous quarter.

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Azerbaijan cotton industry created 64,000 jobs last year

Cotton industry in Azerbaijan created 64,000 jobs in 2016, and a...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search