 "Clariant buys Carboflex's stake to takeover Brazilian consortium")
Swiss specialty chemicals major Clariant has acquired Carboflex’s 50 percent stake in the consortium that built and operates the Guanabara Bay plant. The facility, located in Rio de Janeiro, Brazil, produces chemicals used in oil and gas wells. The acquisition is part of the investment strategy of Clariant’s business unit (BU) oil and mining services and allows the company to take full control of the plant to further expand its chemical offering to offshore customers, while optimising delivery times.
“The completion of this acquisition consolidates an operation that has been developed over the past few years and is a key part of our strategy to improve supply chain capabilities and more promptly meet the demands of the Brazilian offshore industry. Our plans to further expand our technical portfolio and expertise will allow us to work more closely with operators in the Brazilian oil and gas market to meet their challenges,” explained John Dunne, global head of the business unit oil and mining services.
The plant produces a full line of drilling and completion fluids that adhere to strict safety and environmental protection standards. It also comprises extensive infrastructure, including offices, warehouses, laboratories and a private-use port terminal, which enables Clariant to offer an integrated production and logistics solution.
“In addition to producing fluids that are critical to the exploration and production of oil, the plant’s infrastructure enables Clariant to store and ship chemical solutions, via the terminal, to offshore customers operating throughout the country,” said Carlos Tooge, vice president of the business unit oil and mining services for Latin America.
“The completion of this acquisition consolidates an operation that has been developed over the past few years and is a key part of our strategy to improve supply chain capabilities and more promptly meet the demands of the Brazilian offshore industry. Our plans to further expand our technical portfolio and expertise will allow us to work more closely with operators in the Brazilian oil and gas market to meet their challenges,” explained John Dunne, global head of the business unit oil and mining services.
The plant produces a full line of drilling and completion fluids that adhere to strict safety and environmental protection standards. It also comprises extensive infrastructure, including offices, warehouses, laboratories and a private-use port terminal, which enables Clariant to offer an integrated production and logistics solution.
“In addition to producing fluids that are critical to the exploration and production of oil, the plant’s infrastructure enables Clariant to store and ship chemical solutions, via the terminal, to offshore customers operating throughout the country,” said Carlos Tooge, vice president of the business unit oil and mining services for Latin America.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%