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Oaktree invests in Draslovka

Oaktree Capital Management is to invest $150 million in Czech firm Draslovka, “providing preferred equity capital to support the company’s growth strategy”. This follows multiple recent acquisitions by Draslovksa, a family-owned specialist in CN-based chemicals, including next generation fumigants and biocides.

Draslovka: One done, one denied

Draslovka, a specialist in cyanide chemistry based in the Czech Republic, has completed the previously announced acquisition of Chemours’s Mining Solutions business for $521 million. However, its proposed acquisition of Sasol’s sodium cyanide business has been blocked by the South African competition authorities.

Sasol advances with iron catalysts

Researchers from Sasol and the Catalysis Institute at the University of Cape Town (UCT) have announced advances in the use of commercial iron catalyst in CO2 hydrogenation at rates above 40%. This produces ethylene and light olefins, which can be used as chemical feedstocks and in jet fuel much more cheaply and efficiently than cobalt catalysts.

Major distributors in further portfolio moves

The world’s two largest speciality chemical distributors, Brenntag and Univar Solutions, have both concluded further acquisitions, disposals and deals in 2021. This follows on from numerous such advances by their rivals, Azelis and IMCD, in 2020.

Sasol doubles Asian alkoxylation capacity

South African chemicals and energy producer Sasol has formally announced the opening of its new alkoxylation plant at the Nanjing Jiangbei New Materials High-Tech Park, with a ribbon-cutting ceremony attending by company executives, diplomats, government officials and others.
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