Notices and Material Facts

Braskem communicates about signing of MoU with Lummus Technology LLC

NOTICE TO THE MARKET

  

São Paulo, November 08, 2021 - Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest biopolymer producer in the world ("Braskem" or "Company")  through its subsidiary Braskem Netherlands B.V., and Lummus Technology LLC, a worldwide leader in ethylene, petrochemical, energy transition and other process technologies ("Lummus"), executed a Memorandum of Understanding ("MoU") to jointly license Braskem's green ethylene technology - from ethanol to ethylene - to two projects in different regions of the world, displaying a global interest in the technology: (i) one project under development in North America; and (ii) the project under evaluation in Thailand, announced by the Company on September 9th, 2021, in case it is implemented. The final agreement of the project in Thailand is still subject to the respective competent governance body approvals.

In parallel, both companies are discussing a long-term agreement for Lummus to license Braskem's green ethylene technology as a way to accelerate the use of renewable feedstocks by the chemical industry worldwide, and thus contribute to mitigate Climate Change through the capture of carbon from the atmosphere into plastics.

This initiative is aligned with several of Braskem's sustainable development goals: (i) achieve carbon neutrality by 2050; (ii) diversify and expand the industrial footprint; (iii) reinforce the global leadership in biopolymers to meet clients' needs; and (iv) further develop sustainable solutions in Circular Economy.

This MoU also reflects Lummus' strategic business direction, through its subsidiary Green Circle, as a leader in commercializing and developing breakthrough solutions to address all the key pillars of the energy transition, including end-of-life waste plastics recycling, production of bio-derived sustainable chemicals and decarbonization strategies for existing and new assets.

Braskem is the global leader in biopolymer and has been producing I'm greenT bio-based Polyethylene for more than 10 years, using its  green ethylene technology to convert ethanol from sustainably sourced sugarcane as a building block for its I'm greenT bio-based Polyethylene and green-EVA productions. Lummus is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide.

For more information, contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or sending an e-mail to braskem-ri@braskem.com.br .

  

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 on the Company's business, financial condition and operating results. The words "foresee", "believe", "estimate", "expect", "plan" and other similar expressions, when referring to the Company, are used 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 on future operations, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are examples of forward-looking statements. Such 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 the 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,  on businesses, employees, service providers, shareholders, investors and other stakeholders of the Company can 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).