Bangkok, Thailand – November [14], 2024 – Indorama Ventures Public Company Limited, a global sustainable chemicals company, announced that its Indovinya business segment—through its flagship subsidiary Indorama Ventures Oxides LLC—has agreed to acquire two leading brands in the energy extraction sector, targeting Demulsifiers and Flow Assurance products, from Cargill Bioindustrial UK Limited. This strategic action augments Indovinya’s specialty surfactants offering and solutions growth trajectory.
The acquisition includes valuable trademarks, customer relationships, twenty-five patents, tolling rights, and an R&D facility in Houston, Texas. The renowned KEMELIX and FLOWSOLVE brands are central additions to Indovinya’s growing portfolio of innovative solutions, which are celebrated for their high-quality formulations and outstanding performance in optimizing operations in the oil and gas sector. These products are vital for demulsification and flow assurance processes, addressing critical challenges in energy extraction and enhancing operational efficiencies for our customers.
The KEMELIX brand includes high-performance demulsifiers that facilitate the economical separation and removal of water from crude oil. Its best-in class product range covers alkoxylates, polyamine derivatives, and modified polyols. They are highly effective under the most demanding field conditions, including heavy oil, low temperature, and low/high water applications.
The FLOWSOLVE brand includes leading asphaltene and wax inhibitors that improve the end-to-end flow of crude oil from the reservoir to the refinery. Its optimized range of additives are designed to suit different crude oil types, such as onshore, offshore, and deepwater.
Alastair Port, Executive President of Indovinya, said, “We are pleased to announce this acquisition, which represents a significant milestone for Indorama Ventures and our Indovinya segment. Integrating these established brands and their strong customer relationships will enhance our presence in the energy extraction market and ensure we continue to meet our customer’s evolving needs through superior service and innovative solutions. The acquisition bolsters Indovinya’s expanding portfolio of innovative High Value Added (HVA) specialty surfactants. It is part of the Indovinya segment’s strategy to develop its leadership in high-growth markets in Home & Personal Care, Crop Solutions, Coatings & Construction, and Energy & Resources through customer-centric innovation, strategic partnerships and targeted acquisitions.”
About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading chemicals producers, with a global manufacturing footprint across Europe, Africa, Americas, and Asia Pacific. The company’s portfolio comprises Combined PET, Fibers, and Indovinya (formerly Integrated Oxides and Derivatives). Indorama Ventures’ products serve major FMCG, agricultural, lifestyle, and automotive sectors, including beverages, hygiene, personal care, tire, and safety segments. Indorama Ventures has about 26,000 employees worldwide and reported revenue of US$15.6 billion in 2023. The company is listed in the Dow Jones Emerging Markets and World Sustainability Indices (DJSI).
Contact
Global
Corporate Communications
communications@indorama.net
