Braskem America Launches First International Shipment from New Global Export Hub Facility in Charleston, South Carolina

New Global Export Hub Supports Braskem's U.S. Polypropylene Production Facilities with Packaging, Warehousing and Shipping Services to International Customers

PHILADELPHIA and CHARLESTON, S.C., Feb. 3, 2021 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Company"), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the first international shipment of polypropylene from the Company's new Global Export Hub in Charleston, S.C.

Braskem's new Global Export Hub facility provides packaging, warehousing and export shipping services to support the Company's six U.S. polypropylene (PP) production facilities: four in Texas (La Porte, Oyster Creek and Seadrift), one in Pennsylvania (Marcus Hook), and one in West Virginia (Kenova). The Global Export Hub has the capacity to support export shipments of up to 450 million pounds (204 Kilotons) of polypropylene and specialty polymers annually to Braskem clients worldwide. 

Braskem is partnered with the Port of Charleston and third party logistics providers to construct, lease, and provide services to Braskem under a five-year agreement. Braskem will also continue to leverage its existing international export capabilities out of Houston, Texas. The new South Carolina facility also complements Braskem's existing network of Global Export Hubs which include facilities in North America, South America, and Europe.

Mark Nikolich, Braskem America CEO commented, "As the largest polyolefins producer in the Americas and the leading producer of polypropylene in North America, Braskem is focused on reinvesting in its business and leadership positions to support our clients worldwide. Our new Global Export Hub in South Carolina provides additional flexibility to our global Polypropylene business."

Alexandre Elias, Vice President, Olefins & Polyolefins North America, additionally commented that "Given the current tight North American market, we are prioritizing our domestic clients, but over time, the hub will allow us to leverage our feedstock advantaged, polymer production assets in the U.S Gulf Goast, Pennsylvania, and West Virginia, to best meet our international clients needs. With excellent access to national rail and highway networks this important new logistics and distribution facility in the South Carolina port region significantly enhances Braskem America's international export capability."

The Port of Charleston features daily express intermodal and merchandise rail services and more than 20 ocean carriers delivering export cargo between Charleston and more than 150 nations around the world. In 2019, the South Carolina Ports Authority (SCPA) handled a record high 2.44 million twenty-foot equivalent container units (TEUs).

Construction activity to support Braskem America's new Global Export Hub in Charleston has positively impacted the economic activity in the region with approximately 150 development and construction workers contracted throughout the process to fully design and build the facility. Additionally, approximately 60 new permanent jobs have been created in the Charleston region to support the facility covering on-site operations management, packaging, logistics, and more. The total economic impact that comes about through the SCPA yields a statewide employment multiplier of 2.4. This implies that, on average, for every 10 new jobs that are directly supported by SCPA port operations or port users, an additional 14 jobs are created elsewhere in South Carolina.

ABOUT SOUTH CAROLINA PORTS AUTHORITY
South Carolina Ports Authority (SCPA), established by the state's General Assembly in 1942, owns and operates public seaport and intermodal facilities in Charleston, Dillon, Georgetown and Greer. As an economic development engine for the state, Port operations facilitate 225,000 statewide jobs and generate nearly $63.4 billion annual economic activity. SCPA is soon to be home to the deepest harbor on the U.S. East Coast at 52 feet, and the Port is an industry leader in delivering speed-to-market, seamless processes and flexibility to ensure reliable operations, big ship handling, efficient market reach and environmental responsibility. For more information on SCPA, please visit www.scspa.com.

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 8,000 team members dedicate themselves every day to improve 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, and net revenue of R$52.3 billion (US$13.2 billion), Braskem exports its products to clients in more than 100 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 www.braskem.com/usa.

Braskem on English social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA

CONTACT: Braskem North America, Stacy Torpey - (215) 841 3194 - stacy.torpey@braskem.com

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