BASF and Solenis complete combination of their Paper and Water Chemicals Businesses

01 Feb 2019

Ludwigshafen, Germany and Wilmington, Delaware, USA, January 31, 2019 – Following the approval of all relevant authorities, BASF and Solenis have completed the transfer of BASF’s paper wet-end and water chemicals business to Solenis as announced in May 2018. Effective February 1, 2019, the combined business will operate under the Solenis name and offer increased sales, service and production capabilities across the globe. With pro forma sales of around €2.4 billion in 2017 and approximately 5,200 employees, the combined company is positioned to provide an expanded product portfolio and cost-effective solutions for paper and water treatment customers. BASF will hold a 49% share, 51% of the shares will be held by funds managed by Clayton, Dubilier & Rice and the Solenis management.

The transaction includes production sites and plants of BASF’s paper wet-end and water chemicals business in Bradford and Grimsby, UK; Suffolk, Virginia, USA; Altamira, Mexico; Ankleshwar, India, and Kwinana, Australia. From closing, BASF will account for its share in Solenis using the equity method and include its share of the company’s net income in EBIT before special items and EBIT for the BASF Group (reported under “Other”).

“Combining our strong heritages creates the leading customer-focused, global solutions provider for the paper and water industries. Customers from these industries will benefit from our joint strengths, resulting in an unparalleled and complementary range of products and services, state-of-the-art innovations and know-how,” said John Panichella, president and CEO, Solenis.

“Joining forces with Solenis is the right step for BASF’s paper and water chemicals business to maintain sustainable growth and will enable us to share in the future success of this promising joint entity. Together, we will provide the broadest scope of products and services to meet the needs of the global paper and water industry,” added Anup Kothari, president of BASF’s Performance Chemicals division.

BASF’s paper and water chemicals production plants strongly embedded in the Verbund in Ludwigshafen, Germany, and Nanjing, China, are not transferred, and will deliver products and raw materials to the combined entity under mid- to long-term supply agreements. BASF’s paper coating chemicals portfolio is not part of the transaction.

news More

From Waste to Resource The Evolution of Recycling Techniques in a Circular Economy

20 Nov 2024

Plastic waste management remains a great concern across the globe, there are millions of tons of waste accumulated annually and the conventional recycling methods don’t suffice. There are plenty of challenges in the segment such as mixed plastic streams, contamination, and limited recyclability of certain materials. Therefore, the demand for innovative techniques has emerged to overcome these barriers. Some cutting-edge solutions such as molecular recycling, enzymatic processes, and advanced sor Read More

Green hydrogen revolution and innovative pathways Exploring India s INR 200 crore green hydrogen initiative

15 Nov 2024

India has taken a bold step forward with the ambitious National Green Hydrogen Mission and this transformative initiative launched by the Ministry of New and Renewable Energy(MNRE). The announcements about the pilot projects sound very ambitious and enriching, and they are expected to redefine the way energy is produced, consumed and emphasize local resource utilization and reduce infrastructure dependency. These initiatives are considered and seen as a cornerstone of the country’s clean energy Read More

From Low-Margin to High-Value Transforming India s Chemical Industry through lessons from China s global leadership in chemicals

14 Nov 2024

Indian chemical sector stands at a crossroads. The rapidly expanding economy and global demand for specialized, high-valued chemicals are creating a unique opportunity to reshape the sector for the future. India should move beyond traditional, low-margin chemical production to become a global leader in innovation and sustainability. However, the country can take valuable lessons from China’s recent transformation, showcasing the impact of strategic investments in high-tech manufacturing, digital Read More

Exciting news in Green chemistry Mitsubishi chemical s BENEBiOL now stronger and greener with new biobased grades

11 Nov 2024

Companies are paving the way for sustainable innovation in the manufacturing of polyurethane resins. In that context, Mitsubishi has pioneered creating sustainable materials for polyurethane resins. While the previous grades were already catering the applications in the industries that required enhanced durability such as wind energy, that employed coatings to protect wind turbine blades, the new HSS and NLDS grades with over 80% biobased content with excellent properties have created a boom in Read More

International Conference and Exhibition - Exploring India s Dollar 15 Billion Investment Surge in Syngas and Nitrogen Projects

08 Nov 2024

The Nitrogen and Syngas industries are witnessing substantial change and innovation. The industry is driven by evolving energy standards, the push for sustainability and impressive advancements in technologies. Considering the significance of the context, the international nitrogen + syngas conference has become an essential meeting, as it fulfils the satiety of industry professionals craving insights about the industry and offers them a unique platform for knowledge exchange, networking and exp Read More

New Era in Electronics Tosoh s GaN Sputtering Target Could Fuel India s 5G and Data Center Expansion

07 Nov 2024

Think of data centres, electric vehicles, and consumer electronics. What do they hold in common? They are all dependent on GaN. Industries are striving to reduce energy consumption and becoming more critical towards efficient power conversion and loss. What can be done better here? This has been a point of debate ever since the industries are witnessing growth in diversified applications and demand for more efficient and smaller electronic devices. In this article, we have proudly shared and exp Read More