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First buys for Verdant

Houston-based Verdant Specialty Solutions has announced its first acquisitions since being sold by Solvay to OpenGate Capital in April and renamed, in the form of DeForest Enterprises and ParaFlow Energy Solutions from Chemical Services Group of Boca Raton, Florida. Terms were not disclosed.

DeForest is a specialty surfactants company with a range of chemistries including low-foam wetting agents, alkaline-, acid- chlorine- and peroxide-stable surfactants, high- and low-foam amphoteric surfactants, hydrotropes, water-soluble corrosion inhibitors and phosphate esters.

Cepsa opens upgraded LAB plant

Cepsa, the world’s largest producer of linear alkylbenzene (LAB) and cumene, has begun operations at its first site to use Detal technology in place of hydrofluoric acid, in the Puente Mayorga chemical plant at San Roque in southern Spain. LAB is the most widely used biodegradable surfactant in laundry detergents.

Cepsa developed the patented Detal technology with UOP. This was named in the Spanish section of the 2020 European Business Awards for the Environment and also won a technological innovation award at the ICIS Surfactants Awards, among others.

Solvay, Ashland complete buys

Two recent acquisitions that are both largely focused in the personal care arena were both completed almost simultaneously. Solvay completed the sale of its amphoteric surfactant business to OpenGate Capital, while Ashland finalised that of the personal care business of Schülke & Mayr from investment firm EQT.

Italmatch, Colonial Chemicals to build in Saudi Arabia

Two Western players, Italy’s Italmatch Chemicals and Colonial Chemicals of the US, have recently signed investment plans that will see them manufacturing in the Kingdom of Saudi Arabia (KSA) for the wider Gulf region. Terms were not disclosed in either case.

Together with Biolab Arabia, Genoa-based Italmatch has created a 60-40 joint venture called Italmatch Biolab Industrial. This will make performance additives for applications in water and process treatment, and the oil and gas sector, with a focus on thermal and membrane based desalination, at Al-Jubail.

Solvay in surfactants exit

Solvay Group has agreed to sell its North American and European amphoteric surfactant business to Los Angeles private equity firm OpenGate Capital. This is expected to close by the end of March, subject to consultation and regulatory approvals. Terms were not disclosed.

Further funding for SurfactGreen

French bio-based surfactants firm SurfactGreen has received €4.7 million in investment, with €3.1 million in grants and repayable advances from ADEME and Bpifrance and €1.6 million in capital from its shareholders. This will enable it to double the workforce to 24, start international sales and accelerate the commercialisation of its products, the firm said.

Sironix raises funds to expand Eosix

Seattle-based Sironix Renewables has announced the raising of $645,000 in seed funding from the University of Minnesota Discovery Capital Investment programme and ‘angel’ investors. Together with a $1.15 million grant from the US Department of Energy’s Advanced Manufacturing Office, this will be used to scale production of its Eosix technology.

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