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Yahoo
4 days ago
- Business
- Yahoo
Braskem and Ardent Advance Breakthrough Olefin Separation Technology Towards Commercial Implementation
Successful demonstration program leads to commercial implementation of innovative membrane technology NEW CASTLE, Del. & PHILADELPHIA, June 03, 2025--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and Ardent Process Technologies ("Ardent") today announced the successful completion of their joint development program for an innovative olefin-paraffin separation technology, marking a significant advancement in polyolefin production efficiency. The collaboration, which began in November 2020, centered on the development and testing of Ardent's OptipermTM membrane technology at a dedicated demonstration unit within Braskem's facilities. The rigorous development program has satisfactorily met key performance metrics, including membrane efficiency, durability, and operational stability. "The successful pilot program demonstrates the tremendous potential of this technology to revolutionize olefin paraffin separation processes," said Bill Charlton, the COO of Ardent and leader of this project. "We are excited to move forward with Braskem towards full commercial implementation." Following these promising results, Braskem has confirmed its intention to implement this groundbreaking technology across commercial facilities. Engineering and design work have already commenced for the first commercial installation. "This technology represents a significant step forward in our commitment to innovative and sustainable solutions," said Gus Hutras, Global Process Technology Director at Braskem. "The successful pilot results align with our vision of transforming the chemicals and plastics industry through innovation while advancing our goals toward carbon neutrality. We're excited to move this breakthrough technology into commercial implementation." For more information about the Optiperm™ membrane technology, visit About Ardent Ardent develops advanced membrane systems that accelerate decarbonization and improve efficiency in energy-intensive industries. Its patented Optiperm™ platform enables scalable, bolt-on solutions for carbon capture and other complex chemical separations. With proven performance in the field and modular design, Ardent delivers practical, energy-efficient technologies ready for real-world deployment. Ardent has over 20 years of manufacturing experience across power generation, industrial chemicals, pharmaceuticals, and O&G operations and a proven track record of taking new technologies from the lab to the field, partnering with global leaders like Braskem, Chevron, and Pfizer to deliver end-to-end solutions at commercial scale. In 2023 Ardent raised an oversubscribed $16.5 million Series A round led by Pangaea Ventures, with participation from Syensqo Ventures, Chevron Technology Ventures, Technip Energies and GC Ventures. Learn more at or follow us on LinkedIn. About Braskem With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 9,000 team members dedicate themselves every day to improving people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 70 countries. Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with five production plants located in Texas, Pennsylvania, and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Lexington, MA focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit Braskem on English social media: FORWARD-LOOKING STATEMENT This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. These statements reflect Braskem's current beliefs and expectations with respect to Braskem's business, the viability and scalability of the Optiperm™ technology and its effect on Braskem's processes and production facilities and other future conditions and are based on assumptions, are subject to risk and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in such forward-looking statements. Important factors that could cause actual events or results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth in the market segments in which Braskem competes and in which its products are sold (ii) unexpected delays or other problems in the implementation of the Optiperm™ technology at Braskem facilities, (iii) unexpected delays or other problems in scaling up the Optiperm™ technology; (iv) increased competition from imports or in the export markets, (v) inability to anticipate future market trends and the future needs of Braskem's customers, (vi) the impact of natural disasters on Braskem's facilities, its suppliers and customers; (vii) the development of alternate products, and (viii) other factors detailed in documents Braskem S.A. files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. View source version on Contacts For press information, please contact: Braskem North America, Europe, and Asia Stacy Torpey – (215) 841 3194 – Alana Khaytin – ArdentLaura Miller lmiller@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
BBVA Argentina announces First Quarter 2025 Financial Results
BUENOS AIRES, Argentina, May 21, 2025--(BUSINESS WIRE)--Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the first quarter (1Q25), ended on March 31, 2025. As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2024 and 2025 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2025. 1Q25 Highlights BBVA Argentina's inflation adjusted net income in 1Q25 was $81.6 billion, 16.2% above the $70.2 billion reported on the fourth quarter of 2024 (4Q24), and 53.2% higher than the $53.3 billion reported on the first quarter of 2024 (1Q24). In 1Q25, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 2.0% versus 1,7% the prior quarter, and an inflation adjusted average return on equity (ROAE) of 11.4% versus 9,5% the prior quarter. Operating income in 1Q25 was $280.7 billion, 56.9% higher than the $178.9 billion recorded in 4Q24 and 71.5% lower than the $984.2 billion recorded in 1Q24. In terms of activity, total consolidated financing to the private sector in 1Q25 totaled $9.2 trillion, increasing 11.2% in real terms compared to 4Q24, and 122.9% compared to 1Q24. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by 21.4%, in other loans by 24.5% and in consumer loans by 22.9%. BBVA's consolidated market share of private sector loans reached 11.28% as of 1Q25, versus 10.10% in 1Q24, gaining 118 bps in the year. Total consolidated deposits in 1Q25 totaled $10.9 trillion, increasing 2.0% in real terms during the quarter, and 51.0% YoY. Quarterly increase was mainly explained by an increment in investment accounts by 163.1%, offset by a decrease in savings accounts by 7.4%. The Bank's consolidated market share of private deposits reached 9.15% as of 1Q25 versus 7.37% as of 1Q24, gaining 178 bps in the year. As of 1Q25, the non-performing loan ratio (NPL) reached 1.38%, with a 164.32% coverage ratio. The accumulated efficiency ratio in 1Q25 was 56.3%, improving compared to 4Q24's 62.2%, and 1Q24's 65.4%. As of 1Q25, BBVA Argentina reached a regulatory capital ratio of 21.5%, entailing a $1.5 trillion or 161.3% excess over minimum regulatory requirement. Tier I ratio was 21.5%. Total liquid assets represented 47.6% of the Bank's total deposits as of 1Q25. 1Q25 Results Conference Call Thursday, May 22, 2025 Time: 12:00 p.m. Buenos Aires time – (11:00 a.m. EST) To participate click to register About BBVA Argentina Banco BBVA Argentina (NYSE, BYMA, MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the principal shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, Banco BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME's, and large-sized companies. Banco BBVA Argentina's purpose is to bring the age of opportunities to everyone, based on our customers' real needs, providing the best solutions, and helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: "Customer comes first, we think big and we are one team". At the same time, its responsible banking model aspires to achieve a more inclusive and sustainable society. View source version on Contacts BBVA Argentina Investor Relations investorelations-arg@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
BBVA Argentina announces First Quarter 2025 Financial Results
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (' BBVA Argentina ' or ' BBVA ' or ' the Bank ') announced today its consolidated results for the first quarter (1Q25), ended on March 31, 2025. As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2024 and 2025 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2025. 1Q25 Highlights BBVA Argentina's inflation adjusted net income in 1Q25 was $81.6 billion, 16.2% above the $70.2 billion reported on the fourth quarter of 2024 (4Q24), and 53.2% higher than the $53.3 billion reported on the first quarter of 2024 (1Q24). In 1Q25, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 2.0% versus 1,7% the prior quarter, and an inflation adjusted average return on equity (ROAE) of 11.4% versus 9,5% the prior quarter. Operating income in 1Q25 was $280.7 billion, 56.9% higher than the $178.9 billion recorded in 4Q24 and 71.5% lower than the $984.2 billion recorded in 1Q24. In terms of activity, total consolidated financing to the private sector in 1Q25 totaled $9.2 trillion, increasing 11.2% in real terms compared to 4Q24, and 122.9% compared to 1Q24. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by 21.4%, in other loans by 24.5% and in consumer loans by 22.9%.BBVA's consolidated market share of private sector loans reached 11.28% as of 1Q25, versus 10.10% in 1Q24, gaining 118 bps in the year. Total consolidated deposits in 1Q25 totaled $10.9 trillion, increasing 2.0% in real terms during the quarter, and 51.0% YoY. Quarterly increase was mainly explained by an increment in investment accounts by 163.1%, offset by a decrease in savings accounts by 7.4%. The Bank's consolidated market share of private deposits reached 9.15% as of 1Q25 versus 7.37% as of 1Q24, gaining 178 bps in the year. As of 1Q25, the non-performing loan ratio (NPL) reached 1.38%, with a 164.32% coverage ratio. The accumulated efficiency ratio in 1Q25 was 56.3%, improving compared to 4Q24's 62.2%, and 1Q24's 65.4%. As of 1Q25, BBVA Argentina reached a regulatory capital ratio of 21.5%, entailing a $1.5 trillion or 161.3% excess over minimum regulatory requirement. Tier I ratio was 21.5%. Total liquid assets represented 47.6% of the Bank's total deposits as of 1Q25. 1Q25 Results Conference Call Time: 12:00 p.m. Buenos Aires time – (11:00 a.m. EST) To participate click to register About BBVA Argentina Banco BBVA Argentina (NYSE, BYMA, MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the principal shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, Banco BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME's, and large-sized companies. Banco BBVA Argentina's purpose is to bring the age of opportunities to everyone, based on our customers' real needs, providing the best solutions, and helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: ' Customer comes first, we think big and we are one team '. At the same time, its responsible banking model aspires to achieve a more inclusive and sustainable society.
Business Wire
06-05-2025
- Business
- Business Wire
Celebrating 15 Years of I'm green™ Bio-Based With Operation Rates Above Nameplate Capacity After Expansion
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a global market leader and pioneer producer of bio-polyethylene, proudly celebrates the 15 th anniversary of its groundbreaking I'm green™ bio-based portfolio. In line with this milestone, Braskem is reinforcing its strategic focus on further developing the I'm green™ bio-based offerings and its unwavering commitment to supporting the industry and brand owners in their sustainability journey. Braskem begins celebrating 15 years as a producer of the I'm green™ bio-based portfolio by celebrating the 37% expansion in production capacity at the green ethylene unit in Triunfo, Rio Grande do Sul, Brazil. Now, our production capacity is 275,000 tons/year of green ethylene, which is the raw material used in the production of Braskem's I'm green™ bio-based polyethylene. In 2010, when we started operations, our capacity of green ethylene was 200,000 tons/year. Green ethylene offers the same quality and versatility as fossil-based products, but with the added benefit of capturing about two tons of carbon dioxide for every ton produced, measured throughout its production chain up to Braskem's gate. This additional capacity in biopolymer production will represent the capture of approximately 159,000 tons of CO₂ per year, equivalent to the carbon emitted by 12,000 U.S. citizens in one year. 'In 2025, as we celebrate the anniversary of our pioneering I'm green™ bio-based brand, we reflect on the remarkable journey we've undertaken in advancing sustainable plastics and chemicals. This milestone is not just a testament to our innovation and leadership in biopolymers but also a celebration of our commitment to a sustainable future. The expansion of our bio-ethylene unit in 2023 was a significant step forward in our mission to support the industry and brand owners on the sustainability journey, and it brings us closer to our goal of becoming carbon-neutral by 2050. We are proud of what we've achieved and are excited about the future possibilities," says Walmir Soller, Vice President for North America, Europe, and Asia – NAMEA and CEO of Braskem BV. Since the inauguration of the bio-ethylene plant in 2010, Braskem has achieved numerous milestones. Braskem shares its groundbreaking developments on the I'm green™ bio-based website. To learn more, visit As Braskem celebrates the 15th anniversary of its I'm green™ bio-based, the company looks forward to continuing its legacy of innovation and sustainability. With the recent expansion of the green ethylene unit, Braskem is well-positioned to meet the growing global demand for biopolymers and support the industry's transition to a low carbon circular economy. This milestone not only highlights Braskem's achievements over the past 15 years but also sets the stage for future advancements in renewable chemicals and sustainable materials. ABOUT BRASKEM With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 70 countries.
Business Wire
29-04-2025
- Business
- Business Wire
Braskem and Fitesa Announce the Use of Braskem's I'm green™ Bio-Based Polyethylene Grade for Nonwovens
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and Fitesa, one of the world's largest nonwoven manufacturers and the first company to produce Spunbond nonwovens with I'm green™ bio-based polyethylene, are proud to announce the use of Braskem's I'm green™ bio-based high-density polyethylene (HDPE) designed specifically for nonwoven applications. With over 10 years of experience in advancing bio-based polymers into the hygiene space, Braskem and Fitesa are ready to take a step further on a reliable, scalable worldwide presence in the bicomponent nonwovens market with a next-generation bio-PE grade. Optimized for Spunbond processes, Braskem's I'm green™ bio-based PE for nonwovens features all the well-known advantages of I'm green™, including its bio-based feedstock and negative carbon footprint. This innovative material presents an overall better process performance and enhanced spinning stability, supporting the increase of bio-based content on products throughout the global hygiene supply chain. Key Benefits of the I'm green™ Bio-Based Polyethylene Grade for Nonwovens: Optimal melting and Vicat temperatures, enabling the spinning of more resistant filaments. Made from bioethanol from sugarcane as feedstock, the I'm green™ bio-based PE grade for nonwovens has a direct impact on the final product's carbon footprint. Optimized for high-speed nonwoven manufacturing, promoting process stability and efficiency. An alternative solution that offers the same durability and performance as traditional polyethylene. Fully recyclable with existing polyethylene recycling streams. Measurable and traceable bio-based content, fully compliant with industry standards. Reliable supply chain infrastructure and long-term industrial capabilities to meet growing demand. "We are excited to introduce our next-generation I'm green™ bio-based HDPE product to the market," said Gustavo Lombardi, Biopolymers Business Development Director, Braskem. "This product represents a significant advancement in Braskem's I'm green™ bio-based portfolio for nonwoven applications, aligning with our commitment to innovation, sustainability, and market-driven goals. Additionally, it supports the hygiene industry's efforts to decarbonize and tackle climate change by reducing the final product's carbon footprint without compromising quality or performance." Fitesa will showcase its products using Braskem's I'm green™ bio-based HDPE at booth 901 at IDEA25, one of the world's leading events for the nonwovens industry. IDEA 2025 will take place in Miami, FL, from April 29 to May 1. 'We are pleased to collaborate with Braskem to advance the Bio-polyethylene solution for Spunbond processes. As pioneers in the development and commercialization of bio-based Spunbond fabrics, we are familiar with the challenges and the benefits of such materials and remain committed to pushing forward more sustainable solutions without compromising the quality and performance of our products. Braskem and Fitesa are paving the way for a more sustainable future in the nonwoven industry." – Ricardo Fasolo, Vice President for US & Canada. For more information about Braskem's I'm green™ portfolio, visit I'm green bio-based. ABOUT BRASKEM With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 9,000 team members dedicate themselves every day to improving people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 70 countries. Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with six production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Boston focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit ABOUT FITESA Fitesa is one of the world's largest nonwoven manufacturers. We specialize in developing innovative solutions for the hygiene and healthcare markets by utilizing a broad range of technologies, including Spunbond, Spunmelt, Meltblown, Carded, Airlaid, Fitesa Advantage, Spunlace, Films, Elastics, and Composites. Headquartered in Porto Alegre, Brazil, Fitesa employs over 2,500 people in 21 manufacturing locations across 11 countries: Brazil, Germany, India, Italy, Mexico, Netherlands, Peru, Sweden, United States, Thailand, and China. For more information about Fitesa and its products, visit and follow us on LinkedIn (Fitesa) and Instagram (@fitesanonwovens). For questions or comments, contact marketing@ This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. These statements reflect Braskem's current beliefs and expectations with respect to Braskem's business, the economy and other future conditions and are based on assumptions, are subject to risk and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth in the market segments in which Braskem competes and in which its products are sold (ii) unexpected delays or other problems in production at Braskem facilities, (iii) increased competition from imports or in the export markets, (iv) inability to anticipate future market trends and the future needs of Braskem's customers, (v) the impact of natural disasters on Braskem's facilities, its suppliers and customers; (vi) the development of alternate products, and (vii) other factors detailed in documents Braskem S.A. files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
