# Braskem and Solví form joint venture for industrial environmental solutions

Braskem and Solví announced a strategic partnership to create a joint venture focused on industrial environmental solutions, including water, effluent treatment, waste management, and emergency response. The JV will hold 63.7% of Cetrel, plus GRI and Emergenciall, with Solví owning 50.1% and Braskem 49.9%.

- Type: Partnership
- Announced: 2024-06-13
- Where: Brazil
- Status: announced
- Products: industrial environmental solutions, water and effluent treatment, waste management, emergency response
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (partner)
- [Cetrel](https://endata.com/companies/21749.md) (target)
- [Solví](https://endata.com/companies/78014.md) (partner)

## Sources

- [braskem.com.br](https://www.braskem.com.br/detalhe-noticia/braskem-e-solvi-firmam-parceria-estrategica-para-a-gestao-de-solucoes-ambientais-para-o-setor-industrial), 2024-06-13: "A presente operação reflete nossa estratégia de otimização do portfólio de ativos, visando maximizar seu valor por meio de uma alocação criteriosa de recursos."

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