Cases / Waste management · Brazil · 2024
Braskem puts Camaçari petrochemical waste unit into Solví joint venture
Short record: the main facts, with sources. A full case file has not been prepared.
Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
- The record does not name which of my species, waters, soils or forests were harmed.
Braskem, which owns 63.7% of waste and wastewater firm Cetrel, put Cetrel into a joint venture with Solví in June 2024, Exame reported. What is at stake for nature is who runs the waste and wastewater treatment for the Camaçari petrochemical complex.
What?
Braskem moved Cetrel, the waste and wastewater company of its Camaçari petrochemical complex, into a joint venture with Solví in June 2024. Exame
Where?
Camaçari petrochemical complex, Brazil Exame
When?
June 2024; reported 13 June 2024 Exame
Who?
Why?
Not stated in the sources reviewed.
How?
Cetrel was placed into a joint venture: Solví 50.1%, Braskem 49.9%, with starting revenue of BRL 750 million. Exame
6 of 6 questions answered from the record
What happened
The record, in order.
Exame reported on 13 June 2024 that Braskem moved Cetrel, the waste and wastewater company of its Camaçari petrochemical complex in which it holds 63.7%, into a joint venture with Solví.
The joint venture started with BRL 750 million in revenue and a business value of BRL 1.4 billion; Solví holds 50.1% and Braskem 49.9%, Exame said.
In court and with insurers
Every proceeding and every insurer decision on record.
Lawsuits and rulings
No court case on record. No court has ruled on this case.
Insurers
No insurer decision on record.
What we don't know
Undisclosed, unproven, untried: recorded as data.
Nature
- Not measured Harm to nature: The record holds no measurement of harm to nature.
Record
- Insufficient Reported but not verified: Solví runs 35 landfill sites, and about a third of it has been held by Australia's Macquarie fund since 2019.
- None on record The sources reviewed do not describe the waste types Cetrel treats, or whether its treatment or discharges changed after the deal.
Did the harm stop?
Not stated in the sources reviewed.
Who paid?
Not stated in the sources reviewed.
Sources
Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers
Press and investigations
- Solví and Braskem joint venture (Cetrel)Exame · 2024-06-13