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Braskem’s Dollar Bonds Rally on Expected Petrochemical Tax Incentives
July 10, 2025
Braskem’s dollar bonds rose by over 3 points following news that a new tax‑incentive bill supporting the domestic petrochemical industry was gaining momentum. The proposed legislation aims to extend and strengthen Brazil’s Special Tax Regime for the Chemical Industry (REIQ), which offers exemptions on PIS/COFINS and VAT‑style levies for key feedstocks. Analysts believe this may enable companies like Braskem to reduce operating costs and boost polymer output. Under REIQ, Braskem has already secured BRL 614mn ($102mn) to expand production capacity by approximately 139,000 tonnes across plants in Bahia, Rio Grande do Sul and Alagoas. This initiative aligns with the government’s broader strategy of combining tax breaks with higher import tariffs on chemical products to reinforce local industry competitiveness. Analysts expect that the incentives could improve margins and support earnings growth into 2025.
Braskem’s 4.5% 2030s jumped by 3.3 points to 75.1, yielding 11.7%.
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