For the sustainable growth, Clariant announced a strategic partnership with India Glycols Limited (IGL), to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives. The joint venture is expected to become a leading supplier of renewable materials to the rapidly growing consumer care market in India and other Asian countries.
- India Glycols Limited, a leading company in the manufacturing of green technology-based chemicals.
- As per deal the both company will combining production and distribution capacity,
- India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture, which includes a multipurpose production facility including an alkoxylation plant located in Kashipur, Uttarakhand (India).
The prominent expansions and deals by Clariant are featured below:
Feb 2021: To expand presence in African chemical market, Clariant Pigments expand its new state-of-the-art pigments laboratory in Krugersdorp near Johannesburg, South Africa. The new facility will increase local value-added color support services to the coatings industry across Africa, Turkey and the Middle East.
Sep 2020: Clariant, announced the construction of a new state-of-the-art catalyst production site in China. This investment further strengthens Clariants position in China. The new facility will be producing CATOFIN catalyst for propane dehydrogenation.
Aug 2020: Clariants Business Line Biofuels and Derivatives announced a strategic partnership with Chemtex Global Corporation for the realization of second-generation biofuel projects. Under the partnership, the two parties will collaborate to market and sell Clariants sunliquid® technology licenses, as well as services and supplies for advanced biofuel plants in China.
July 2020: Clariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its entire Masterbatches business to PolyOne. The enterprise value of the sale, which consists of separate transactions for Clariants global Masterbatches business and its Masterbatches business in India, amounts to approximately USD 1,560 million which is equivalent to c. 12.2 times the last twelve months reported EBITDA.
March 2020: Clariants Additives business and Floreon-Transforming Packaging Limited announced an exciting new collaboration to further extend the performance properties and market potential of biopolymers, whilst preserving their environmental benefits.
Clariant, based in Switzerland, is one of the worlds leading specialty chemical companies. Clariant business are organised into four business areas: Care Chemicals, Natural Resources, Catalysis and Plastics & Coatings.