MONHEIM, Germany – Specialty chemicals supplier Cognis has announced the sale of its 50-percent stake in the Cognis Oleochemicals joint venture to PTT Chemical International Private Ltd. (PTT Chemical International), a Singapore-based wholly owned subsidiary of PTT Chemical Public Co. Ltd. (PPT Chemical). PTT Chemical is Thailand’s largest producer of olefins and associated products. The sale is in line with Cognis’ strategy of focusing on its core businesses driven by the wellness and sustainability trends.

Cognis Oleochemicals will continue to operate under the Cognis Oleochemicals name for an interim period until a new name is established.