Braskem announces that its Board of Directors has approved an estimated investment of R$ 4.2 billion to increase the capacity of its petrochemical complex in Rio de Janeiro by 220,000 tons of ethylene per year, along with equivalent volumes of polyethylene. The initial phase of basic engineering, with a budget of R$ 233 million, had already been approved in February of this year.

The project marks another step in the company's strategy for industrial transformation and competitiveness and is part of its Transformation Program. Scheduled for completion by the end of 2028, the project is subject to securing additional financing beyond the resources already approved under the REIQ Investments - Special Regime for the Chemical Industry - for the years 2025 and 2026. This strategy is part of ongoing analyses and discussions regarding the ideal capital structure for the company.

"Despite the current challenging global scenario, we must ensure that Braskem remains competitive in the new global petrochemical landscape, securing its survival and long-term sustainability. The investment in the Rio de Janeiro petrochemical complex demonstrates our confidence in Brazil's potential and Braskem's commitment to contributing to a sustainable reindustrialization of the sector, driven by innovation and value creation," says Stefan Lepecki, Vice President of South America Business at Braskem.

To enable the project, the Board also approved the procurement of additional volumes of ethane through a long-term supply agreement with Petrobras, which is currently in the final stages of negotiation. This measure ensures supply security and operational competitiveness, strengthening the strategic partnership between the two companies.

The project aims to increase the use of gas in Braskem's feedstock matrix, reducing costs and emissions, and making the company's industrial park more modern, sustainable, and competitive. "We are taking an important step in Braskem's energy transition and in the transformation of the chemical industry in Brazil. This is an investment focused on the future-with efficiency, sustainability, and value generation at its core," concludes the executive.

About Braskem
Braskem is a global petrochemical company, human-oriented and future-focused, that fosters strong relationships and generates value for all. Offering sustainable chemical and plastic solutions to improve people's lives, the company has a comprehensive portfolio of plastic resins and chemical products for various segments, including food packaging, civil construction, industrial, automotive, agribusiness, health, and hygiene, among others. Braskem believes disruptive innovation is the only way to establish a new relationship with the planet. That's why it chooses to act now-promoting plastic circularity and driving the revolution of bio-based materials. Because a more sustainable future starts now-and industry plays a fundamental role in building it. With industrial units in Brazil, the USA, Mexico, and Germany, the company exports its products to customers in over 71 countries and operates under a management model that demonstrates a commitment to ethics, compliance with regulations in all countries, and respect for responsible competitiveness. More information: https://www.braskem.com.br