São Paulo, February 9^th, 2023 - 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 Coolbrook, a transformational technology and engineering company that owns a disruptive technology called RotoDynamic Reactor (RDR), today announced the signing of a cooperation agreement.

As part of its commitment to implementing new technologies and solutions that drive sustainable development and, especially, combat climate change, Braskem and Coolbrook will jointly implement a pilot project in which Braskem will assess using the latter's technology on an industrial scale before introducing it in its crackers. The project ultimately involves the electrification of crackers by replacing the use of thermal energy derived from fossil fuel with electricity generated from renewable sources, which is one of the ways for Braskem to achieve its goal of carbon neutrality by 2050. Besides eliminating emissions from the burning of fuels, the technology can increase feedstock flexibility and yields, while also contributing to energy efficiency compared to traditional cracking technologies. As such, the potential reduction of CO2 emissions at Braskem's crackers will be around 2.5 million ton per year.

This initiative is linked to Braskem's business strategies aimed at meeting the targets related to combating climate change. The company plans to reduce greenhouse gas emissions by 15% by 2030 and attain carbon neutrality by 2050.

"Our ambition is to considerably reduce CO2 emissions and increase the sustainability of our products through innovation, in-house developments, and important partnerships. Coolbrook's revolutionary RDR technology will help Braskem achieve its goal of carbon neutrality by 2050, significantly improving the energy efficiency of our crackers," said Gus Hutras, Global Process Technology Director, Braskem.

Expanding the use of renewable electricity and renewable materials will enable Braskem to reduce its carbon footprint in the production of ethylene, propylene, and other chemicals.

"We are an innovative company that is always on the move in the pursuit of carbon neutrality solutions. The agreement with Coolbrook is yet another example of Braskem's investments in disruptive technologies that significantly contribute to the achievement of our targets," explained Jorge Soto, Sustainable Development Director, Braskem.

"Braskem is one of the biggest chemical players in the Americas and this cooperation is a significant step in Coolbrook's strategy to decarbonize the petrochemical sector globally. Braskem is known for its innovative culture and readiness to implement cutting-edge technologies, for example, in the production of ethylene from renewable raw materials," said Joonas Rauramo, CEO, Coolbrook.

About Coolbrook

Named Tech Champion 2022 in the Manufacturing category by The Financial Times , Coolbrook is a transformational technology and engineering company on a mission to decarbonize major industrial sectors like petrochemicals and chemicals, iron and steel, and cement. Coolbrook's revolutionary rotating technology combines space science, turbomachines, and chemical engineering to replace the burning of fossil fuels across all major industrial sectors. The technology has two main applications: RotoDynamic Reactor (RDR) to reach 100% CO2-free olefin production, and RotoDynamic Heater (RDH) to provide carbon-free process heating to iron and steel, cement, and chemicals production. Backed by a growing number of governments, technology partners, industrial producers, and environmental regulators, Coolbrook's technology is set to become the new global standard in industrial electrification. For more information, visit coolbrook.com/

About Braskem

With a strategy centered on people and sustainability, Braskem is engaged in contributing to the value chain to strengthen the Circular Economy. Braskem's 9,000 team members dedicate themselves every day to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. With 40 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in over 70 countries.

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