Petrobras Begins Sale Phase of Deten Química, Located in the Camaçari Industrial Hub in Bahia

Written by Roberta Souza

Published on 17/09/2021 at 15:05

Fachada da Petrobras/ Fonte: SBT News

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The Divestment of Petrobras in Bahia Involves the Only Manufacturer of Active Components for Household Detergent Production

In a statement sent to the market this Thursday (09/16), Petrobras announces that it has completed the non-binding phase regarding the sale of its entire equity stake of 27.88% in Deten Química, located in the industrial hub of Camaçari, in the state of Bahia. The company is starting today the binding phase of the project. Read this news: CEO of Petrobras Says That Fortaleza’s Thermoelectric Plant Is Expected to Resume Operations in October

The Sale of the Stake in Deten Química

The state-owned company has already completed the non-binding phase that started in July. According to Petrobras, the potential buyers of the company located in the Camaçari Hub, qualified for this phase, will receive an invitation letter with instructions on the divestment process, including guidance for conducting due diligence and submitting binding proposals.

Deten manufactures and sells the main raw materials for the production of liquid and powder biodegradable detergents. According to Petrobras, the company located in the Camaçari Hub, in the state of Bahia, is the only national producer of Linear Alkylbenzene (LAB), a precursor of Linear Alkylbenzene Sulfonate (LABSA), of which it is also a manufacturer and which acts as the active component of household dishwashing detergent. The company also produces Heavy Alkylate (ALP), used in lubricating additives and textile oil.

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Petrobras emphasizes that the sale operation of the company located in the Camaçari Hub, in the state of Bahia, is aligned with the strategy of optimizing the portfolio and improving the company’s capital allocation, aiming to maximize value.

Check Out This News: Petrobras and Gerdau Sign Contract for Natural Gas Supply in Minas Gerais

Petrobras and Gerdau have signed a contract for the supply of natural gas in the free commercial environment to serve Gerdau’s unit located in Ouro Branco, in the state of Minas Gerais. The contract signed between the companies represents the first contractual migration of a customer from the captive market to the free market, marking a milestone in the opening process of the natural gas market.

Rodrigo Costa, director of Refining and Natural Gas at Petrobras, says that the direct agreement between Petrobras and Gerdau materializes Petrobras’s guidance to meet consumer objectives by offering new products and commercial solutions aligned with customer needs, ensuring reliability, competitiveness, flexibility, and satisfaction for both companies. For Petrobras, the contract with Gerdau is part of the portfolio of new products launched in 2021, which offers its customers new commercial conditions, allowing them better management of their natural gas purchase portfolio. The agreed contract represents the indexing of a mix of products, valid until 2025.

The contract provides Gerdau with supply security and commercial conditions more aligned with its operational profile, with the supply start date expected to occur on January 1, 2022, after the celebration of a distribution service contract between Gerdau and the respective Local Distribution Company, in accordance with the legal and regulatory evolution of the natural gas market in Minas Gerais. Vinicius Moura, General Manager of Supplies at Gerdau, says that this partnership with Petrobras crowns Gerdau’s strategy to seek the development and supply of the Gas market in Brazil. Thus, we understand that with the developed market, more players will follow in the same direction and new opportunities will arise, says the Gerdau executive.

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Petrobras Begins Sale Phase of Deten Química, Located in the Camaçari Industrial Hub in Bahia

The Divestment of Petrobras in Bahia Involves the Only Manufacturer of Active Components for Household Detergent Production

The Sale of the Stake in Deten Química

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Check Out This News: Petrobras and Gerdau Sign Contract for Natural Gas Supply in Minas Gerais

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Petrobras Begins Sale Phase of Deten Química, Located in the Camaçari Industrial Hub in Bahia

The Divestment of Petrobras in Bahia Involves the Only Manufacturer of Active Components for Household Detergent Production

The Sale of the Stake in Deten Química

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