Hexion sells US Gulf Coast formalin assets to Ancala

As part of the transaction, Ancala has created Valentra to operate the sites. The company has been created with associates from the former division that operated the sites at Hexion. This structure ensures continuity for customers, safeguards service quality, and provides the new business with proven technical expertise and operational strength. Hexion will continue supplying formalin to customers in markets outside the U.S. Gulf Coast.

This transaction marks a defining step in Hexion’s transformation into a global innovator of technology-driven, cellulose-based performance materials. Building on more than a century of chemical expertise, Hexion is applying advanced production technologies, bio-based chemistry, and AI-enabled manufacturing to create the next generation of sustainable materials and manufacturing systems. These solutions are increasingly critical in the growing industries that are reshaping the global economy, including building & construction, packaging, energy, transportation, and infrastructure. Each of these industries is being reshaped by the urgent need to improve material efficiency, secure renewable supply chains and decarbonize, challenges Hexion is solving today through advanced cellulose chemistry, precision manufacturing, and AI-driven optimization.

“With this transaction, Hexion is sharpening its position as a market leader in technology-enabled materials, while demonstrating our rapid progress and commitment to the company’s evolution,” said Michael Lefenfeld, President and CEO of Hexion. “By uniting our deep expertise with bio-based chemistries, precision manufacturing, and AI enablement, we’re engineering solutions that outperform traditional materials in performance, economics, and sustainability. Our focus on high-value innovation positions Hexion at the center of a generational shift to cellulose-based materials. As global industries accelerate toward lowercarbon, higher-efficiency systems, this is where the next wave of growth and value creation will occur. Hexion intends to lead that shift.”

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ALCHEMPro News Desk (RM)