# Clariant and India Glycols create joint venture for green ethylene oxide derivatives

Clariant and India Glycols Limited successfully created a 51-49% joint venture, Clariant IGL Specialty Chemicals Private Limited, combining IGL's renewable bio-ethylene oxide derivatives business with Clariant's local Industrial and Consumer Specialties business in India, Sri Lanka, Bangladesh and Nepal.

- Type: Acquisition
- Announced: 2021-06-01
- Where: Kashipur, Uttarakhand, India
- Status: completed
- Products: green ethylene oxide derivatives, surfactants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Clariant](https://endata.com/companies/426.md)
- [Clariant](https://endata.com/companies/426.md) (acquirer)
- [India Glycols Limited](https://endata.com/companies/53778.md) (partner)
- [India Glycols Limited](https://endata.com/companies/53778.md) (target)

## Sources

- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2021/06/jv-to-become-a-leader-in-green-ethylene-oxide-derivatives), 2021-06-01: "Clariant, a focused, sustainable and innovative specialty chemical company, and India Glycols Limited (IGL), a leading company in the manufacturing of green technology-based chemicals, today announced the successful creation of their 51-49% joint venture for renewable ethylene oxide (EO) derivatives"
- [clariant.com](https://www.clariant.com/en/Corporate/News/2021/07/Clariant-and-India-Glycols-successfully-established-joint-venture-for-renewable-ethylene-oxide-deriv), 2021-07-01: "The successful closing of this joint venture strengthens our core portfolio and makes Clariant one of the leaders in green ethylene oxide derivatives."
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/07/01/2256199/0/en/clariant-and-india-glycols-successfully-established-joint-venture-for-renewable-ethylene-oxide-derivatives.html), 2021-07-01: "The successful closing of this joint venture strengthens our core portfolio and makes Clariant one of the leaders in green ethylene oxide derivatives."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.