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Cognis sells its stake in JV to PTT Chemical

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Cognis sells its stake in
JV to PTT Chemical
Cognis has sold its fifty percent stake in Cognis Oleochemicals joint venture to PTT Chemical International, a Singapore-based wholly-owned subsidiary of PTT Chemical Public Company Ltd. PTT Chemical is Thailand’s largest producer of olefins and associated products. Antonio Trius, CEO of Cognis, stated that “the sale of our stake in Cognis Oleochemicals reflects our strategy to consistently concentrate on the innovation-driven growth markets of wellness and sustainability.”

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