LBB Specialties (LBBS) recently announced the expansion of its distribution partnership with Clariant. This enhances LBBS’s presence in Puerto Rico, providing customers with access to pharmaceutical-grade excipients.
Clariant firmly denies Dow Europe’s 2020 competition law allegations against four chemical companies.
Clariant is expanding its Cangzhou production site to manufacture the multifunctional additive Nylostab S-EED.
Clariant and OMV today announced their intended collaboration for lower carbon footprint ethylene supply. To address growing demand for sustainable options in Europe, this partnership will help both companies meet their sustainability targets and support their customers' carbon reduction strategies.
Clariant, a specialty chemical company, announced it has completed the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value (EV) of $810 million (€746 million). The purchase price will be subject to customary net debt and working capital adjustments.
Clariant today announced that it has agreed to acquire Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances (IFF) for a total cash consideration of €765 million ($810 million).
Venator, the Huntsman spinoff that holds the family-owned business’s former titanium dioxide activities, has filed for protection from creditors under the US Chapter 11 bankruptcy code.
With much fanfare, Swiss specialty chemicals producer Clariant has opened a new production facility for its Catofin-branded catalysts completed late last year at Jiaxing in China’s Zhejiang Province.
Clariant closed on Apr. 3 the sale of its North American land oil business to Indian specialty chemicals manufacturer Dorf Ketal for $14.5 million. The Swiss group said the divestment is a further step to structurally improve its portfolio and sustainability profile.
Specialty chemicals producer Clariant said it will invest 80 million Swiss francs to increase output of existing products in the portfolio it manufactures at Daya Bay, Huizhou, China, as well as introducing new products there by the end of 2024.
Specialty chemicals producer Clariant is taking an impairment charge of around 225 million Swiss francs on its sun-liquid branded bioethanol plant that started up at Podari, Romania, in the second quarter.
Swiss specialty chemicals producer Clariant has completed the takeover of BASF’s US-based attapulgite business assets.
Indian specialty chemical company Dorf Ketal has agreed to acquire Clariant’s North American land oil business for an undisclosed sum.
Singapore’s Global Amines – a joint venture between compatriot company Wilmar and Switzerland’s Clariant – has successfully started up a new fatty amines plant in Surabaya, Indonesia.
Clariant has agreed to sell its quats business to Singapore’s Global Amines for $113 million. Global Amines is a 50:50 joint venture between Clariant and Singapore-based agricultural and oleochemicals company Wilmar.
Clariant is restructuring its business and leadership to position itself for long-term sustainable growth and implement a cultural transformation.
Swiss specialty chemicals producer Clariant and its process partner, US engineering technology giant Lummus, have been tapped by Fujian Meide to supply the Catofin technology and catalysts for a new propane dehydrogenation plant (PDH) the subsidiary of Zhongjing Petrochemicals will operate in Fuzhou, China.
Swiss specialty chemicals producer Clariant has wrapped up an internal investigation into accounting irregularities in its 2020 financial results, unveiled minor adjustments to that year’s originally stated figures and published preliminary earnings figures for 2021, which it had held back pending completion of the probe.
Swiss chemicals company Clariant has entered into a cooperation agreement for its Sunliquid cellulosic ethanol technology with Technip Energies. The technology converts agricultural residues, woody materials or municipal solid wastes into cellulosic sugars, which are then fermented into cellulosic ethanol.
Swiss specialty chemicals producer Clariant is struggling to get to the bottom of an internal scandal that has shaken the confidence of investors at a time when the company was seeking to get back on message after several years of pressure from activist investors, and unsuccessful mergers and asset sales.
Clariant has signed definitive agreements to divest its 50% stake in the joint venture that owns Scientific Design Company to its long-term joint venture partner, SABIC. The Saudi group will execute a call option raised in 2015 to acquire the stake in the business bought by Germany’s Süd-Chemie in 2003 prior to its acquisition by Clariant.
Germany‘s Heubach Group and US private equity investor SK Capital Partners have completed their acquisition of Clariant’s global colorants business and integrated it into a new Heubach Group. The share of the Clariant pigments business in Infraserv Höchst, which operates the chemical park at Frankfurt, Germany, was not part of the deal that valued the pigments portfolio at 800-855 Swiss francs.
BASF is selling its US-based attapulgite business to Clariant for $60 million. The deal expected to close in summer 2022 following regulatory approval also includes the transfer of a production facility at Quincy in the state of Florida.
Clariant Catalysts is participating in Germany’s TransHyDE project AmmoRef, which aims to develop technologies and catalysts for ammonia cracking to facilitate future hydrogen transport.
Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.
Leading global chemical companies and the World Economic Forum (WEF) have announced that they are entering an agreement to formalize the Low-Carbon Emitting Technologies (LCET) initiative into a stand-alone entity by the end of 2023, to share early-stage risks and co-invest in developing and upscaling low-carbon emitting technologies.
Swiss specialty chemicals producer Clariant has agreed to acquire the remaining 70% of Brazilian Personal Care Specialties company Beraca after taking a 30% stake in 2015. Seller is the founding Sabará family. Financial terms of the acquisition expected to close in this year’s fourth quarter were not disclosed.
Clariant has expanded and enhanced capacity for emission control catalysts at its plant in Heufeld, Germany, in order to meet growing demand worldwide, and especially in China.
In a somewhat unusually structured deal, Swiss specialty chemicals producer Clariant has reached a definitive agreement with a consortium of Heubach Group and private equity investor SK Capital Partners to unload most of its pigments business. Following completion of the transaction, expected in the first half of 2022, Clariant will reinvest in the business, taking a 20% share. The shares of the other partners have not been revealed.
The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.
Clariant Catalysts has opened a new R&D center at its One Clariant Campus (OCC) in Shanghai. The research unit is part of the Swiss specialty chemicals producer’s new Innovation Center China in the east coast metropolis. The company counts itself among a handful of international players to have built a full-fledged comprehensive catalyst research unit in China.
The European Chemical Industry has set out on an ambitious path to become carbon neutral. Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050.
Clariant and India Glycols Limited (IGL) are forming a joint venture for renewable ethylene oxide (EO) derivatives. To support production, IGL has entered into long-term supply agreement for EO made from bio-ethanol as well as further utilities.
The European Chemical Industry has set out on an ambitious path to become carbon neutral.
Clariant has signed a cooperation agreement with the Swiss Federal Institute of Technology (ETH Zurich) to support research in catalysis and sustainable chemistry. It is providing the university with what it says is “a significant financial contribution” over an initial period of ten years. Terms were not disclosed.
