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Braskem Idesa

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  1. 2026

    Braskem Idesa files for Chapter 11 bankruptcy in the U.S.

    Mexican petrochemical firm Braskem Idesa, a joint venture of Brazil's Braskem and Mexico's Grupo Idesa, filed for Chapter 11 bankruptcy in the U.S. after reaching agreements with creditors and shareholders to cut debt by more than $920 million, reducing total senior debt from about $2.5 billion to about $1.6 billion. The company expects to emerge from proceedings within 60 to 90 days and said the filing would not affect day-to-day operations.

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