Chemical Engineering April 2023 - 11

an enterprise value of approximately
$4.6 billion. Diversey is a provider of
hygiene, infection-prevention and cleaning
products based in Fort Mill, S.C.
Aramco completes acquisition of
Valvoline Global Operations
March 6, 2023 - The Saudi Arabian Oil
Co. (Aramco; Dhahran; www.aramco.
com) has completed the acquisition
of the Valvoline Inc. (Lexington, Ky.;
www.valvoline.com) global products
business (Valvoline Global Operations)
for $2.65 billion, through one of its
wholly owned subsidiaries.
Solvay divests its stake in RusVinyl
joint venture to Sibur
March 3, 2023 - Solvay S.A. (Brussels,
Belgium; www.solvay.com) announced
that it has agreed on final terms to
sell its 50% stake in the RusVinyl joint
venture (JV) to its JV partner Sibur
(Moscow, Russia; www.sibur.ru). The
agreement is based on a purchase
price for Solvay's 50% stake of around
€430 million. This transaction marks
the final step in Solvay's strategy to
exit its cyclical global PVC operations.
Archroma acquires Huntsman's
Textile Effects business
March 1, 2023 - Archroma (Basel,
Switzerland; www.archroma.com)
announced the closing of the acquisition
of the Textile Effects business from
Huntsman Corp. (The Woodlands,
Tex.; www.huntsman.com) in what
the companies are calling a merger
of equals. The Textile Effects business
acquired from Huntsman will be
integrated with the Brand & Performance
Textile Specialties business of Archroma
into a new division named Archroma
Textile Effects.
Amyris to sell selected cosmeticingredient
portfolios to Givaudan
February 27, 2023 - Givaudan
International SA (Vernier, Switzerland;
www.givaudan.com)
agreed
to
acquire certain cosmetic-ingredients
assets from Amyris, Inc. (Emeryville,
Calif.; www.amyris.com), including
squalene- and silicone-based product
portfolios. Under a longterm agreement,
Amyris will continue to manufacture
ingredients for Givaudan to use
in cosmetics.
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Celanese and Mitsui form JV for
food ingredients
February 27, 2023 - Celanese has
signed a term sheet related to the
formation of a JV focused on food
ingredients with Mitsui & Co., Ltd.
(Tokyo; www.mitsui.co.jp). Celanese
will retain a 30% ownership stake in
the JV and Mitsui will acquire a 70%
ownership stake. Celanese Food
Ingredients is a leading producer of
acesulfame potassium sweetener,
as well as sorbic acid and potassium
sorbate preservatives.
Sasol and Topsoe to form
SAF joint venture
February 21, 2023 - Sasol Ltd.
(Johannesburg, South Africa; www.sasol.
com) and Topsoe A/S (Lyngby, Denmark;
www.topsoe.com) plan to establish a
50/50 JV to produce sustainable aviation
fuels (SAF). The JV will develop, build,
own and operate ventures producing
SAF based on Sasol's Fischer-Tropsch
technology and Topsoe's relevant
SAF technologies.
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APRIL 2023
11

http://www.archroma.com https://www.mitsui.com/jp/en/index.html http://www.huntsman.com http://www.aramco.com http://www.valvoline.com http://www.sasol.com http://www.solvay.com http://www.givaudan.com http://www.topsoe.com http://www.sibur.ru http://www.amyris.com http://adlinks.chemengonline.com/84646-04 http://WWW.CHEMENGONLINE.COM

Chemical Engineering April 2023

Table of Contents for the Digital Edition of Chemical Engineering April 2023