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Sumitomo plans two exits

Japan’s Sumitomo Chemical has decided to sell its 15.9% stake in Australian agrochemical company Nufarm. It has separately announced its decision to close down its dyestuff facilities at its Osaka Works and exit the dyestuffs business by the end of March 2023.

The company originally took a 20% stake in Nufarm in 2010 and also acquired four subsidiaries of Nufarm in South America in 2020. The two also formed a comprehensive business alliance, which will continue after the dissolution of the capital relationship.

Saltigo in pheromone deal

Saltigo has signed a contract for another production campaign of the insect pheromone Pheron E7-E/Z9-12Ac with Provivi, which provides crop protection systems via pheromone technology. The two companies worked together to complete the technical transfer, optimisation and scale-up to tonne volumes at Saltigo’s site in Leverkusen.

Dow to add alkoxylation capacity

Dow has announced plans to expand its alkoxylation capacity in the US and Europe in 2024 and 2025. The investments are backed by supply agreements with customers and are being made to meet 10-15%/year growth in end markets including home and personal care, industrial and institutional cleaning, pharmaceuticals and crop protection.

Bayer sells Environmental Science Professional business

Private equity firm Cinven has agreed to acquire Bayer’s Environmental Science Professional (ESP) business for €2.4 billion. The deal should close in Q2, subject to customary closing conditions. Bayer had originally announced plans to divest the business, which is headquartered in Cary, North Carolina, in February 2021.

ESP offers pest, disease and weed control in non-agricultural areas such as vector control, professional pest management, vegetation management, forestry, turf and ornamentals. In 2021, it employed about 800 people in over 100 countries.

Nitrogen-fixing microbial deal

Mosaic and BioConsortia, which are both based in California, have entered into and agreement to develop and launch the latter’s nitrogen-fixing microbial products for all crops, including corn, wheat, rice, fruit and vegetables, in China, India, Thailand and Vietnam.

This follows a collaboration to develop these products for the Americas at the end of 2020 and successful field trials in the US and Canada. Fertiliser producer Mosaic already has sales channels in place in the region.

Minafin partners with Origin

The US-based Green Chemistry division of the Minafin Group has formed a strategic partnership with Origin Materials of West Sacramento in California to industrialise speciality products based on Origin’s biobased, carbon-negative materials in the pharmaceutical, agricultural, cosmetics and personal care, and automotive industries. No further terms were disclosed.

Anupam Rasayan takes Tanfac stake

Indian speciality chemicals and custom synthesis firm Anupam Rasayan has acquired 24.96% of Tanfac Industries from Birla Group Holdings and others for €17.3 million. It is also launching an open €18 million offer to acquire a further 26%, potentially giving it a majority stake, alongside Tamil Nadu Industrial Development Corporation.

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