Clariant acquires Carboflex consortium full control in Brazil

Clariant acquires Carboflex consortium full control in Brazil

9:00 AM, 24th June 2016
Clariant acquires Carboflex consortium full control in Brazil
Clariant International headquarters building located in Muttenz, Switzerland. (File photo)

MUTTENZ, SWITZERLAND: Clariant International Ltd has acquired full stake from Carboflex in the consortium that built and operates the Guanabara Bay plant in Brazil. Carboflex holds 50 percent stake in the consortium. 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 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 optimizing delivery times.

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.

"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," said John Dunne, global head of the business unit oil and mining services, Clariant.

"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. The geographic location of the facility is strategic given that it is close to Brazil's three major oil basins – Santos, Campos and Espirito Santo which produce more than 90 percent of the country's oil. Our goal is to provide the Brazilian market with a comprehensive portfolio of solutions for the offshore exploration and production of hydrocarbons," said Carlos Tooge, VP of the business unit oil and mining services for Latin America.

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