Clariant to buy BASF clay biz assets in $60 million sustainable bid

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Clariant said it expects to complete the purchase of the assets of BASF’S U.S. attapulgite business–one of the largest miners and producers of the clay material, which Clariant said can help remove contaminants in renewable fuel production–in the summer of 2022.

“This acquisition fits very well with our growth strategy to grow through sustainability-focused innovations and bolt-on acquisitions,” Clarient Chief Executive Conrad Keijzer said in a statement, adding it would improve its position in renewable fuels purifications.