For R$514 Million Upfront, Brazilian Oil Giant Petrobras Sold Its Entire Stake in Deten Química in Bahia, The Only National Producer of Linear Alkylbenzene, With an Annual Production Capacity of 230,000 Tons of LAB

Written by Flavia Marinho

Published on 06/07/2022 at 10:26

Updated on 06/07/2022 at 10:37

Deten Química Petrobras – Cmacari Bahia – Imagem Destaque 1

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Deten Química Has An Annual Production Capacity Of 230,000 Tons Of LAB And 120,000 Tons Of LABSA. Additionally, The Company Produces 10,000 Tons/Year Of Heavy Alkylate (ALP)

Petrobras, continuing the announcement made on 04/28/2022, informs that it completed yesterday (07/05) the sale of its entire stake (27.88%) in Deten Química, located in the industrial hub of Camaçari, in the state of Bahia, to Cepsa Química, which already has an indirect stake in Deten of 69.94%.

After fulfilling all preconditions, the transaction was concluded on this date, with the payment of R$ 514 million upfront to Petrobras, a value that reflects the purchase price of R$ 585 million, adjusted for monetary correction, dividends received, and deductions for the amount deposited with Petrobras on the date of signing the stock purchase agreement.

“This operation is aligned with optimizing the portfolio and improving the capital allocation of the company, aiming to generate value for its shareholders”, said Petrobras in the announcement.

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Deten Is The Only National Producer Of Linear Alkylbenzene (LAB)

Deten manufactures and sells the main raw materials for the domestic and commercial cleaning segment in Brazil, being the only national producer of Linear Alkylbenzene (LAB), a precursor of Linear Alkylbenzene Sulfonate (LABSA), of which it is also a manufacturer.

Its annual production capacity is 230,000 tons of LAB and 120,000 tons of LABSA. Additionally, the company produces 10,000 tons/year of Heavy Alkylate (ALP) primarily intended for the production of thermal fluid, greases, lubricant additives, and textile oils.

About Cepsa Química

Cepsa Química is a global leader in its sector and leads the world production of LAB, the main raw material used in biodegradable detergents, being a pioneering player. It is also number one in the production of cumene, an intermediate product used in the production of phenol and acetone, which are the main raw materials for manufacturing engineering plastics, and it is the second largest producer worldwide. The Cepsa Química currently employs over 1,000 people and has factories in seven countries worldwide (Spain, Germany, Brazil, Canada, China, Indonesia, and Nigeria).

For R$514 Million Upfront, Brazilian Oil Giant Petrobras Sold Its Entire Stake in Deten Química in Bahia, The Only National Producer of Linear Alkylbenzene, With an Annual Production Capacity of 230,000 Tons of LAB

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For R$514 Million Upfront, Brazilian Oil Giant Petrobras Sold Its Entire Stake in Deten Química in Bahia, The Only National Producer of Linear Alkylbenzene, With an Annual Production Capacity of 230,000 Tons of LAB

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