Integrated Report 2020
INTEGRATED
Braskem
STRATEGIC PLANNING
REPORT 2020
A MESSAGE FROM THE BUSINESS LEADER
BRASKEM
CAPITAL PERFORMANCE
ABOUT THE REPORT
CREDITS
ŵ ( 23 )
VINYL OPERATION
During the chlorine-soda unit shutdown, we imported
caustic soda and dichloroethane (EDC) to honor our
commitments to customers. In order to resume our
chlorine-soda operation, we focused on the acquisition
of sea salt from third parties to be used as raw material
for the chlorine-soda plant in Alagoas, replacing brine.
The estimated cost of this acquisition project is approx-
imately R$ 68 million, out of which R$ 64 million was
spent in 2020. We announced plant start-up in February
2021. After completing the commissioning process ob-
serving all applicable safety standards, we resumed pro-
duction of chlorine-soda and EDC at the chlorine-soda
plant in Alagoas, going back to our integrated vertical
business model in Vinyl.
We ended 2020 with a provision
of R$ 9.2 billion to fulfill the
commitments arising from the
Maceió case
FINANCIAL IMPACT
Considering the agreements signed, our internal eval-
uation and assessment by external consultants, and
taking into account the short- and long-term effects
of the technical studies, the existing information
and the best estimate of the expenses for the im-
plementation of the various measures related to the
geological event in Alagoas, we closed the year with
approximately R$ 9.2 billion provisioned to comply
with the obligations resulting from the agreements,
in contrast with the R$ 3.4 billion provisioned in 2019.
Over the course of 2020, approximately R$ 1.2 billion
was spent on PCF-related expenses, on the closure
and monitoring of wells and social/urban measures,
among other expenses. Approximately R$ 409 million
out of the total was written off from the current ac-
count balance intended only for the fulfillment of PCF
obligations.
Additionally, within the Residents' Compensa-
tion Agreement, the Company, DPE, MPF, MPE and
DPU agreed to transfer an additional R$ 1 billion to
Braskem's bank account specifically for PCF Fund-
ing in 10 monthly installments of R$ 100 million each,
starting in January 2021. As of May
5, 2021, the Company had made four deposits of
R$100 million each, with the other six remaining de-
posits scheduled for the subsequent months.
EISTERNERView entire presentation