Braskem Selected To Negotiate Terms Of A $50M Award From U.S. Department Of Energy To Drive Electrification Revolution
Portfolio Pulse from Benzinga Newsdesk
Braskem has been selected by the U.S. Department of Energy to negotiate a $50 million award to enhance its UHMWPE production in Texas, focusing on the lithium-ion battery separator market.
September 23, 2024 | 12:10 pm
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Braskem has been chosen to negotiate a $50 million award from the U.S. Department of Energy to expand its UHMWPE production in Texas, aimed at the lithium-ion battery separator market.
The $50 million award from the DOE is significant for Braskem as it will enhance its production capabilities in a growing market segment, potentially increasing its market share and revenues. This positive development is likely to boost investor confidence and positively impact the stock price in the short term.
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