Indorama Ventures Public Company Limited, a global leader in sustainable chemicals, announced that its Indovinya business segment, through subsidiary Indorama Ventures Oxides LLC, has signed an agreement to acquire two major brands in the energy extraction sector from Cargill Bioindustrial UK Limited.
The acquisition is a strategic move to expand Indovinya’s specialty surfactants offerings, particularly in demulsifiers and flow assurance products, supporting its growth trajectory in this market.
Key Assets Included in Acquisition
The acquisition brings valuable assets to Indovinya’s portfolio, including highly regarded trademarks, long-standing customer relationships, 25 patents, tolling rights, and an R&D facility based in Houston, Texas.
Central to the deal are the renowned KEMELIX and FLOWSOLVE brands. It is known for their advanced formulations and excellent performance in the oil and gas sector.
By integrating these solutions, Indovinya aims to enhance its capacity to address the sector’s critical challenges and improve operational efficiencies for its clients.
High-Performance Demulsifiers
KEMELIX, a flagship brand in the demulsification segment, offers high-performance demulsifiers that support efficient water separation from crude oil.
With an extensive product line that includes alkoxylates, polyamine derivatives, and modified polyols, KEMELIX delivers effective solutions even in challenging conditions such as heavy oil, low temperatures, and varying water levels.
The design of these demulsifiers optimizes operations, thereby providing economic advantages for oil and gas operators.
Enhanced Flow Assurance Solutions
The acquisition also includes the FLOWSOLVE brand. It is a leader in asphaltene and wax inhibitors.
FLOWSOLVE’s advanced additives improve the flow of crude oil from the reservoir to the refinery, optimizing the entire extraction process.
The product line is designed to suit different crude oil environments, including onshore, offshore, and deepwater applications. This makes it highly adaptable to varied operational needs.
A Strategic Step Forward
Alastair Port, Executive President of Indovinya, expressed happiness about the acquisition.
Port said, “The acquisition is a significant milestone for Indorama Ventures and our Indovinya segment. Integrating these established brands with their strong customer relationships enhances our presence in the energy extraction market. It allows us to meet evolving customer needs with superior service and innovative solutions. This move supports Indovinya’s strategy to lead high-growth markets across Home & Personal Care, Crop Solutions, Coatings & Construction, and Energy and Resources by prioritizing customer-centric innovation, strategic partnerships, and targeted acquisitions”.
Through this acquisition, Indorama Ventures strengthens its Indovinya segment and reinforces its commitment to innovation in the specialty surfactants market. It enhances footprint in the energy sector while continuing to diversify its portfolio across multiple high-growth industries.
