Indorama’s Indovinya business segment has agreed to acquire two speciality surfactants brands in the oil and gas sector from Cargill Bioindustrial UK. This includes 25 patents, tolling rights and an R&D facility in Houston, Texas. The two lines are: 

* Kememix demulsifiers for the separation and removal of water from crude oil. The range includes alkoxylates, polyamine derivatives and modified polyols, and are said to highly effective under demanding field conditions, including heavy oil, low temperature and low/high water applications

Thailand’s Indorama Ventures (IVL) has completed its acquisition of 100% of Brazil-based Oxiteno from Ultrapar Participações, following approval by Brazil’s Administrative Council for Economic Defence. IVL said that the deal, first announced in August 2021, makes it “the leading surfactants producer in the Americas, with additional potential to expand in Europe and Asia”.

Indorama Ventures (IVL) has become the first company in Thailand to publish a report lined to the UN’s Sustainable Development Goals (SDGs). This came shortly after the firm launched a THB 10 billion (€260 million) sustainability-linked bond (SLB).

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.