NOTICE TO THE MARKET
São Paulo, September 9th, 2021 - Braskem S.A. ("Braskem" or "Company"), (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest biopolymer producer in the world, through its subsidiary Braskem Netherlands B.V., and SCG Chemicals, one of the largest integrated petrochemical companies in Thailand and industry leader in Asia, executed today a memorandum of understanding to perform feasibility studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and I'm greenT bio-based Polyethylene ("PE") ("Project").
In case the Project is implemented, the unit is expected to be located in Map Ta Phut, Rayong, Thailand, inside SCG Chemicals petrochemical complex and up to double the existing capacity of I'm greenTM bio-based PE. Braskem would contribute with its technology and knowhow in ethanol dehydration process and I´m greenT bio-based PE marketing expertise while SCG Chemicals would utilize its PE units and production expertise in order to manufacture the I'm greenT bio-based PE for the Project, besides contributing with its PE market knowledge in Asia.
The investment execution is subject to the conclusion of the above mentioned studies, mutual agreement of Braskem and SCG Chemicals, and approval by competent governance bodies.
This Project is aligned with the following Braskem's goals: (i) carbon neutrality by 2050, (ii) diversify and expand industrial footprint, (iii) reinforce the global leadership in biopolymers to meet clients' needs, and (iv) further develop sustainable solutions in Circular Economy.
The project also reflects SCG Chemicals' strategic business direction for 2021 towards a "Chemicals Business for Sustainability", where the company has set the target to achieve green polymer sales volume of 200,000 tons by 2025.
Braskem will maintain its shareholders and the market informed with respect to further development of the Project.
For more information, contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or sending an e-mail to firstname.lastname@example.org.
DISCLAIMER ABOUT FORWARD-LOOKING STATEMENTS
This Notice to the Market may contain forward-looking statements. These statements are not historical facts, but are based on the current view and estimates of the Company's management regarding future economic and other circumstances, industry conditions, financial performance and results, including any potential or projected impact from the geological event in Alagoas and related legal procedures and from covid-19 on the Company's business, financial condition and operating results. The words "forecasts," "believes," "estimates," "expects," "plans" and other similar expressions, when referring to the Company, are intended to identify forward-looking statements. Statements related to the possible outcome of legal and administrative proceedings, implementation of operational and financing strategies and investment plans, guidance about future operations, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are a few examples of forward-looking statements. These statements reflect the current views of the Company's management and are subject to diverse risks and uncertainties, many of which are beyond the control of the Company. There is no guarantee that said events, trends or expected results will actually occur. The statements are based on several assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any change in such assumptions or factors, including the projected impact from the geological event in Alagoas and related legal procedures and the unprecedented impact from the covid-19 pandemic on the businesses, employees, service providers, shareholders, investors and other stakeholders of the Company could cause actual results to differ significantly from current expectations. For a comprehensive description of the risks and other factors that could impact any forward-looking statements in this document, especially the factors discussed in the sections, see the reports filed with the Brazilian Securities and Exchange Commission (CVM).