On November 1, 2024, BASF closed the divestment of its flocculant mining business to Solenis, a global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.

The divestiture includes the flocculant trademarks, Magnafloc^®, Rheomax^®, Alclar^®, Alcotac^®, Jetwet^®, Aerowet^® and Alcotech^®. Through this strategic move, BASF aims to enhance growth in key areas by concentrating on the ongoing development and commercialization of flotation reagents and bringing innovative solutions in solvent extraction and leaching to the market.

"Divesting BASF's flocculants business to Solenis is in line with our new "Winning Ways" strategy that sets a clear focus on the management of our portfolio. It also sharpens our focus on our strengths by leveraging our strong product portfolio and expertise to deliver sustainable growth and value to the mining industry," says Anup Kothari, member of the Board of Executive Directors, BASF SE.

BASF will maintain a strong portfolio of products, including its renowned solvent extraction reagents LIX^®, Alamine^® and Aliquat^®, as well as flotation reagents Lupromin^®, Luprofroth^® and Luproset^®. BASF is also committed to advancing its LixTRA™ product line to ensure that it remains at the forefront of meeting the evolving needs of its valued customers.