Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has sold the phosphonate component business in China that was acquired as part of its 2015 Jianghai acquisition to Italmatch Chemicals SpA, a leading global specialty chemicals group and phosphonate supplier. Terms of the transaction were not disclosed.
Jeff Bulischeck, executive vice president and general manager, Global Heavy Industries, for Nalco Water, an Ecolab company, commented, “This sale enables us to sharpen our strategic focus on our core offerings and will allow us to accelerate profitable growth in China.”
Ecolab has retained Jianghai’s Service & Formulated business, which provides differentiated products and services to China’s heavy industry water treatment market.
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.