Overview
- Petrobras confirmed multi-year contracts with Braskem totaling $17.84 billion, equivalent to about R$98.5 billion.
- Naphtha supply runs five years from January 1, 2026 for Braskem plants in São Paulo, Bahia and Rio Grande do Sul, with minimum monthly take and optional volumes up to 4.116 million tonnes in 2026 and 4.316 million tonnes in 2030, valued at $11.3 billion.
- A separate contract for ethane, propane and hydrogen begins January 1, 2026 for 11 years at international reference prices, maintaining 580,000 tonnes per year in ethylene equivalent for 2026–2028 and rising to 725,000 tonnes for 2029–2036, supplied from Reduc and/or Complexo Boaventura, valued at $5.6 billion.
- Propylene contracts start May 18, 2026 for five years, with up to 140,000 tonnes per year from Capuava (Recap), 100,000 from Reduc, and a Refap ramp of 14,000 to 60,000 tonnes across contractual years, valued at $940 million.
- Petrobras tied pricing to international benchmarks and classified the package as related‑party transactions reviewed by its statutory Audit Committee, securing feedstock for Braskem’s operations and planned capacity increase in Rio de Janeiro.