NewswireTODAY - /newswire/ - Ludwigshafen, Rhineland-Palatinate, Germany, 2024/11/04 - The divestiture includes the flocculant trademarks, Magnafloc®, Rheomax®, Alclar®, Alcotac®, Jetwet®, Aerowet® and Alcotech® - Solenis.com / Mining-Solutions.BASF.com. Frankfurt (BAS)

On November 1, 2024, BASF closed the divestment of its flocculant mining business to Solenis (solenis.com), a global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.

The divestiture includes the flocculant trademarks, Magnafloc®, Rheomax®, Alclar®, Alcotac®, Jetwet®, Aerowet® and Alcotech®. Through this strategic move, BASF aims to enhance growth in key areas by concentrating on the ongoing development and commercialization of flotation reagents and bringing innovative solutions in solvent extraction and leaching to the market.

“Divesting BASF’s flocculants business to Solenis is in line with our new “Winning Ways” strategy that sets a clear focus on the management of our portfolio. It also sharpens our focus on our strengths by leveraging our strong product portfolio and expertise to deliver sustainable growth and value to the mining industry,” says Anup Kothari, member of the Board of Executive Directors, BASF SE.

BASF will maintain a strong portfolio of products, including its renowned solvent extraction reagents LIX®, Alamine® and Aliquat®, as well as flotation reagents Lupromin®, Luprofroth® and Luproset®. BASF is also committed to advancing its LixTRA™ product line to ensure that it remains at the forefront of meeting the evolving needs of its valued customers.

About BASF’s mining solutions business

With innovative products, global field support and industry leading technical expertise, BASF’s mining solutions business (mining-solutions.basf.com) provides sustainable solutions which increase productivity, recovery and flexibility throughout the hydrometallurgical process of mining operations in leaching, solvent extraction, and flotation.

BASF’s mining solutions business is part of the Performance Chemicals division (performancechemicals.basf.com). The division’s portfolio also includes plastic additives, oilfield chemicals and fuel and lubricant solutions. Customers from a variety of industries including chemicals, plastics, consumer goods, energy and resources and automotive & transportation benefit from our innovative solutions.

About BASF

At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States.

Agency / Source: BASF

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