Cognis sells its stake in Cognis Oleochemicals to PTT

01 Aug '08

4 min read

Cognis Oleochemicals will continue to operate under the Cognis Oleochemicals name for an interim period until a new name is established.

Cognis Oleochemicals is a leading producer of natural-based oleochemicals. The company's products, which include fatty acids, fatty alcohols, glycerin, triacetin, ozone acids, plastic additives, and oilfield chemicals used in a broad range of home care, personal care, and industrial applications, are made from natural oils and fats. Headquartered in Kuala Lumpur, Malaysia, Cognis Oleochemicals has production facilities in Germany, USA, Canada, and Malaysia and sales and service centres in the UK, Brazil, Japan and Hong Kong.

PTT Chemical International Private Ltd is a Singapore-based 100 percent subsidiary of PTT Chemical, a fully integrated producer and distributor of chemical products. PTT Chemical is the third largest olefins producer in Asia and the number one chemical producer in Thailand. The company's key businesses include olefins and other base chemicals, polymers, performance products, oleochemicals, and other industrial-related services.

Sime Darby Plantation Sdn Bhd, a wholly owned subsidiary of Sime Darby Berhad, is involved in the management of 524,626 hectares of planted oil palm in Malaysia and Indonesia. It is the world's largest listed plantations company and the world's number one palm oil originator, accounting for about six percent of global palm oil production, totaling 2.2 million tonnes of Crude Palm Oil (CPO) a year.

Cognis GmbH

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