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Inorganic Chemicals

Nouryon to spin off base-chemical unit

by Michael McCoy
May 15, 2021 | A version of this story appeared in Volume 99, Issue 18
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A photo of Knut Schwalenberg.
Credit: Nouryon
Nobian president Knut Schwalenberg

The Dutch specialty chemical maker Nouryon says it plans to spin off its base-chemical business, Nobian, into a separate company owned by Nouryon’s owners, the Carlyle Group and GIC. Nouryon itself is a 2018 spin-off from AkzoNobel. Nobian plans a financing to raise money that Nouryon will use to reduce debt. Nobian, a maker of salt, chlor-alkali, and chloromethanes, had sales of about $1.2 billion in 2020; Nouryon’s sales were about $4.5 billion.

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