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Oxiteno to extend Indorama in surfactants

Indorama Ventures has acquired Brazilian firm Oxiteno from the Ultra Group in a $1.3 billion that should close in Q1 2022, subject to regulatory approvals and other closing conditions. This will bring a significantly extended business in high-value surfactants within the Integrated Oxides & Derivatives (IOD) business, as well as other speciality chemicals.

Rossari acquires Tristar too

Flush with funds from its IPO, Indian speciality chemicals manufacturer Rossari is to make its second acquisition of in as many months. Following on from the $57.7 million acquisition of Unitop Chemicals in June, it has agreed to acquire Tristar Intermediates in two tranches of 76% now and 24% in three years’ time. The total enterprise value of the transaction is $16 million. Tristar’s current management will stay on for at least three years.

Evonik buys delivery firm

Evonik has agreed to buy Infinitec Activos, which is based at Montornés del Vallès near Barcelona supplies delivery systems for cosmetic active ingredients, including its Cosmetic Drone proprietary technology and its new polylactic-co-glycolic acid-based delivery system. The natural-based raw material producer, Naturethic, is also part of the deal.

Seqens commissioning UK diols plant

Seqens has revealed that it is commissioning a new plant at its site, which was formerly part of Chemoxy, in Billingham, north-east England. This will make diols such as 1,2-hexanediol, 2-ethylhexylglycerin and caprylyl glycol for use in cosmetic ingredients and hand sanitisers.

The investment cost over £10 million and commercial production should start in June. It is expected to create 15 new jobs, plus further work in the global distribution chain. The site has already been producing hand sanitiser since May 2020.

Solvay, Ashland complete buys

Two recent acquisitions that are both largely focused in the personal care arena were both completed almost simultaneously. Solvay completed the sale of its amphoteric surfactant business to OpenGate Capital, while Ashland finalised that of the personal care business of Schülke & Mayr from investment firm EQT.

Renewable glycols JV in India

Clariant has agreed a strategic partnership to establish a 51-49% joint venture with India Glycols (IGL) in renewable ethylene oxide (EO) derivatives, subject to regulatory approvals. U.S. Bhartia has been designated chairman of the JV, which will employ about 200 people in India.

BASF in biosurfactant alliances

BASF has signed two distinct partnerships agreements to expand its position in biobased surfactants. These deals were made, the company said, in response to “the ever-increasing needs of consumers for sustainable, natural and biodegradable ingredients and actives”.

BASF has taken a majority stake in Allied Carbon Solutions (ACS), a Japanese maker of biomass-derived surfactants. This includes an exclusive technology cooperation, a commercial agreement and joint product development in sophorolipids, a class of glycolipids, for use in surfactants with targeted performance.

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