Issue Date: July 28, 2008
Change In Store For Cognis' Oleochemicals
German specialties company Cognis has sold its half-share of Malaysia-based Cognis Oleochemicals to Singapore's PTT Chemical for roughly $165 million. Cognis' joint-venture partner, palm oil producer Sime Darby, will retain its 50% stake. Cognis Oleochemicals calls itself the world's largest producer of oleochemicals based on raw materials such as palm oil, other vegetable oils, and tallow.
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