10:46 AM EST, 01/31/2025 (MT Newswires) -- Braskem ( BAK ) said in a filing Friday that it will increase its provision for backfilling Alagoas salt cavities with solid material by about 1.3 billion Brazilian real ($223 million).

The increase is due to the specialized technical consultancy commissioned to conduct studies on the project, the company said.

The additional provision includes an estimated $1.2 billion Brazilian real for filling pressurized cavities, a process that may begin in 2027 and take several years or decades to complete, the company said.

Price: 4.86, Change: +0.10, Percent Change: +2.10