Clariant is in the process of transforming its portfolio into a higher-value specialty one by focusing on its core business areas – Care Chemicals, Catalysis and Natural Resources. The company will also rightsize its regional organisations and service units in order to avoid remnant cost.
The new high-tech production site will produce the Catofin catalyst for propane dehydrogenation which is used in the production of olefins. The move is expected to strengthen Clariant’s position in China and also support the country’s petrochemicals industry.
Under the terms of the agreement, Chemtex and Clariant will market and sell Clariant’s sunliquid technology licenses, services and supplies for advanced biofuel plants in China. The second-generation (2G) biofuels are expected to support the country’s environmental ambition and also contribute to the national blending directive.
Eta Bio, one of the largest agricultural businesses in Bulgaria, will utilise the technology in its new full-scale commercial plant for the production of cellulosic ethanol in the region. The license agreement is Clariant’s fourth deal for the sunliquid technology.
Clariant has sold its Masterbatches business to Polyone and further intends to sell its Pigments business. The sale is in line with the company’s strategy of developing into a more focused specialty chemicals company.
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Nader Ibrahim Alwehibi and Thilo Mannhardt have been proposed by Clariant’s Board of Directors. The new candidates will replace the company’s current Board members Khaled Homza A. Nahas and Carlo G. Soave.
The deal aims to market Polymateria’s Biotransformation technology via Clariant’s Masterbatches. Both the firms will work together with the Indian Government’s Central Institute of Plastic Engineering & Technology and use the technology for domestic brands and packaging organisations.