SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2022
(Commission File No. 1-14862 )
BRASKEM S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant's name into English)
Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.
NOTICE ON RELATED PARTY TRANSACTIONS
| Parties | Braskem S/A (“Braskem”) and Petróleo Brasileiro S/A (“Petrobras”). |
| Relationship with the issuer | Petrobras is a Shareholder with Significant Influence over Braskem. |
| Purpose | Execution of five propylene supply agreements by Petrobras through the following refineries: (i) Duque de Caxias Refinery (“REDUC”); (ii) Capuava Refinery (“RECAP”); (iii) Presidente Getúlio Vargas Refinery (“REPAR”); (iv) Henrique Lage Refinery (“REVAP”); and (v) Paulínia Refinery (“REPLAN”), as well as the acquisition by Petrobras of the return propylene stream to be sold by Braskem and delivered to the refineries REPLAN, RECAP and REDUC. Such agreements will replace the former instruments entered into by and between Braskem and Petrobras, which were properly terminated via instruments of termination. |
| Key terms and conditions | Purchase and sale of polymer-grade propylene for the industrial units of Braskem in Rio de Janeiro and São Paulo (PP3, PP4 and PP5), based on international price references, in the following amounts: (i) up to one hundred thousand (100,000) tons of polymer-grade propylene from REDUC per year; (ii) up to one hundred forty thousand (140,000) tons from RECAP per year; (iii) up to one hundred fifty thousand (150,000) by REPAR; (iv) up to one hundred twenty thousand (120,000) by REVAP; and up to two hundred twenty thousand (220,000) by REPLAN. The agreements will be in force as from January 1, 2022. The effective durations vary as shown below: · RECAP and REDUC: until May 17, 2026; · REPAR: until December 6, 2029; · REVAP: until June 30, 2029; and · REPLAN: until May 3, 2028. |
| Date of execution of the agreements | December 29, 2021 |
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| Any participation by the counterparty, its partners or managers in the issuer’s decision-making process or in the negotiation of the transaction as representatives of the issuer | The counterparty and its partners and managers did not participate in Braskem’s decision process or in negotiating the aforementioned agreements. |
| Detailed justification of the reasons why the management of the issuer believes the transaction was carried out on an arm’s length basis or involves adequate compensatory payment | Involves the purchase of propylene at international price references. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 7, 2022
| BRASKEM S.A. | |||
| By: | /s/ Pedro van Langendonck Teixeira de Freitas | ||
| Name: | Pedro van Langendonck Teixeira de Freitas | ||
| Title: | Chief Financial Officer | ||
DISCLAIMER ON FORWARD-LOOKING STATEMENTS
This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.