@article{10.11648/j.ijsdr.20210701.13,
  author = {Eliana Leal Hellvig and Thais Helena Sydenstricker Flores-Sahagun},
  title = {Investments in Braskem Green Polymers: Extraordinary Profits Instead of Decarbonization of the Environment},
  journal = {International Journal of Sustainable Development Research},
  volume = {7},
  number = {1},
  pages = {17-27},
  doi = {10.11648/j.ijsdr.20210701.13},
  url = {https://doi.org/10.11648/j.ijsdr.20210701.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsdr.20210701.13},
  abstract = {This paper presents an evaluation with the use of patentometry of how the technologies for the production and use of green polyethylenes (HDPE – high density polyethylene and LLDPE – linear low density polyethylene) and green polypropylene evolved from 1999 to 2017. The results of this research enabled to identify companies that invested in technologies for the production of green polyethylenes (PEs) and polypropylene and the reasons for the fall in investment in R&D in the period studied. The fundamental reason for selecting Braskem for the case study is that although the company is not the largest patent holder for the technology considered, it is the only company that commercially produces green PEs in the world. Although the performance of green and fossil nominally same PEs are equivalent, commercial clients may use blends of up to 51% of green polyethylene and 49% of fossil polyethylene and still have the right to use the I’m greenTM label. Moreover, the marketing which involves the sale of green PEs to companies that use polymers with the “I’m GreenTM” label from Braskem appeals to environmental conscious consumers and places these companies in a noticeable position. The LOX (Sarbanes Oxley Law) is an agreement between world stock exchanges which provides for good governance, that is, the transparency of financial acts. In Brazil, it is observed in the São Paulo Stock Exchange (B3) the lack of rigorous inspection in the inventories of emission of green stocks by companies. There is no transparency in how carbon credits were gained and in the AIS – Annual Income Statement of green stocks BRKM5. As a result, this led to the investigation that culminated in the analysis of green PEs as commodities in the financial market as well as relations concerning the investors in the green stock market (BRKM5). The Annual Income Statement - AISs from 2010, when Braskem started production of green PEs, until 2018, show there was growth of revenues. Despite of the production of PEs have continued stable and the number of green PEs patents have decreased since 2014, the profits with the BRKM5 stocks increased and in 2018 extraordinary profits were obtained. In 2012 the average share price of BRKM5 was R$13.27 and in 2018, the average price reached R$ 48.93 per share, representing an increase of 268% and extraordinary profits.},
 year = {2021}
}

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TY  - JOUR
T1  - Investments in Braskem Green Polymers: Extraordinary Profits Instead of Decarbonization of the Environment
AU  - Eliana Leal Hellvig
AU  - Thais Helena Sydenstricker Flores-Sahagun
Y1  - 2021/04/26
PY  - 2021
N1  - https://doi.org/10.11648/j.ijsdr.20210701.13
DO  - 10.11648/j.ijsdr.20210701.13
T2  - International Journal of Sustainable Development Research
JF  - International Journal of Sustainable Development Research
JO  - International Journal of Sustainable Development Research
SP  - 17
EP  - 27
PB  - Science Publishing Group
SN  - 2575-1832
UR  - https://doi.org/10.11648/j.ijsdr.20210701.13
AB  - This paper presents an evaluation with the use of patentometry of how the technologies for the production and use of green polyethylenes (HDPE – high density polyethylene and LLDPE – linear low density polyethylene) and green polypropylene evolved from 1999 to 2017. The results of this research enabled to identify companies that invested in technologies for the production of green polyethylenes (PEs) and polypropylene and the reasons for the fall in investment in R&D in the period studied. The fundamental reason for selecting Braskem for the case study is that although the company is not the largest patent holder for the technology considered, it is the only company that commercially produces green PEs in the world. Although the performance of green and fossil nominally same PEs are equivalent, commercial clients may use blends of up to 51% of green polyethylene and 49% of fossil polyethylene and still have the right to use the I’m greenTM label. Moreover, the marketing which involves the sale of green PEs to companies that use polymers with the “I’m GreenTM” label from Braskem appeals to environmental conscious consumers and places these companies in a noticeable position. The LOX (Sarbanes Oxley Law) is an agreement between world stock exchanges which provides for good governance, that is, the transparency of financial acts. In Brazil, it is observed in the São Paulo Stock Exchange (B3) the lack of rigorous inspection in the inventories of emission of green stocks by companies. There is no transparency in how carbon credits were gained and in the AIS – Annual Income Statement of green stocks BRKM5. As a result, this led to the investigation that culminated in the analysis of green PEs as commodities in the financial market as well as relations concerning the investors in the green stock market (BRKM5). The Annual Income Statement - AISs from 2010, when Braskem started production of green PEs, until 2018, show there was growth of revenues. Despite of the production of PEs have continued stable and the number of green PEs patents have decreased since 2014, the profits with the BRKM5 stocks increased and in 2018 extraordinary profits were obtained. In 2012 the average share price of BRKM5 was R$13.27 and in 2018, the average price reached R$ 48.93 per share, representing an increase of 268% and extraordinary profits.
VL  - 7
IS  - 1
ER  - 

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