BASF Sells Flocculant Mining Business to Solenis, Refocuses on Core Mining Solutions

BASF Sells Flocculant Mining Business to Solenis, Refocuses on Core Mining Solutions

(IN BRIEF) BASF has finalized the sale of its flocculant mining business to Solenis, transferring several key flocculant brands to focus on its core strengths in flotation and solvent extraction for the mining industry. This move, part of BASF’s “Winning Ways” strategy, enables the company to prioritize growth and innovation in its specialized product lines, including the LixTRA™ series and renowned flotation reagents.

(PRESS RELEASE) LUDWIGSHAFEN, 5-Nov-2024 — /EuropaWire/ — BASF has completed the sale of its flocculant mining business to Solenis, a leader in specialty chemicals for industries reliant on water, such as mining, oil and gas, and pulp and paper. Effective as of November 1, 2024, this transaction includes the transfer of BASF’s well-known flocculant brands, including Magnafloc®, Rheomax®, Alclar®, Alcotac®, Jetwet®, Aerowet®, and Alcotech®.

This strategic divestiture aligns with BASF’s “Winning Ways” strategy, which focuses on optimizing its portfolio and targeting growth areas with high potential. By concentrating on its core strengths in flotation reagents and solvent extraction solutions, BASF plans to deliver greater innovation to the mining industry, advancing products like LIX®, Alamine®, Aliquat®, and its Lupromin® flotation range.

Anup Kothari, member of BASF’s Board of Executive Directors, highlighted the importance of this portfolio focus, stating that the sale allows BASF to leverage its expertise to drive sustainable growth within the mining sector. BASF will continue to support its customers with advanced solvent extraction reagents and expand its LixTRA™ product line to meet evolving industry demands.

About BASF’s mining solutions business
With innovative products, global field support and industry leading technical expertise, BASF’s mining solutions business provides sustainable solutions which increase productivity, recovery and flexibility throughout the hydrometallurgical process of mining operations in leaching, solvent extraction, and flotation. Further information can be found at: www.mining-solutions.basf.com

BASF’s mining solutions business is part of the Performance Chemicals division. 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. To learn more, visit www.performancechemicals.basf.com

About BASF
At BASF, 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. Further information at www.basf.com.

Media Contact:

Laraine Kruger
Mobile: +27 11 203-2633
Phone: +27 72 617 3807
laraine.kruger@basf.com

SOURCE: BASF

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