Page 132 - CW E-Magazine (9-1-2024)

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SPECIALITY CHEMICALS DISTRIBUTION
Barentz acquires Radian to boost personal care

ingredients business

Dutch speciality ingredients distri- folio of solutions and a
butor, Barentz International, has deeper pool of expertise.
acquired Mumbai-based Radian Together, we aim to en-
Chemical Products, a distributor pre- hance our offerings and
dominantly focussed on colour cosmetics better serve the dynamic
and personal care industries. needs of the Indian market
and beyond.”
“The acquisition emphasises
Barentz’s commitment to the Indian “The deciding factor to
market and is expected to open a realm join Barentz was the global
of strategic opportunities for growth nature of the business
across the Asia Pacifi c region,” a the move, Mr. Peter Boone, CEO of which creates tremendous opportuni-
Barentz press note said. Barentz, said, “The acquisition aligns ties to strengthen and expand our offer-
with our vision to be at the forefront ing in India,” said Mr. Manoj Botadra,
The company expects the acquisi- of delivering high quality ingredients Radian’s CEO. Mr. Botadra and the
tion to complement its India product and solutions for personal care. It current team of Radian will continue
portfolio with innovative colour cos- benefi ts our principals and customers to manage the day-to-day operations of
metic ingredients. Commenting on by providing access to a broader port- the business.

BATTERY RECYCLING
BatX Energies raises $5-mn from investors

Lithium-ion (Li-ion) battery re- ond life stationary energy storage appli- their current extraction methods pre-
cycling company, BatX Energies has cations production unit. At BatX, we sent daunting environmental challenges –
raised $5-mn in its pre-Series A round envision a transformative approach to high carbon emissions, land degradation,
from investment fi rm, Zephyr Peacock, the extraction of Li-ion battery materials, excessive water usage, and contamination
in participation with early-stage invest- addressing the environmental complexi- risks. We are very focused on reducing
ment marketplace LetsVenture. ties it entails. the critical materials imports for India
and producing them by recycling, thus
The start-up’s existing investors – While these batteries are vital for making India Atma Nirbhar,” said
JITO Angel Network, family offi ces clean and technological advancements, Mr. Utkarsh Singh.
of Mankind Pharma, Excel Indus-
tries, BluSmart, etc. – also participated QUALITY CONTROL ORDER
in the round. Established in 2020 by BIS standards for toluene pushed back to 2024
Mr. Utkarsh Singh and Mr. Vikrant
Singh, the start-up transforms used The Ministry of Chemicals and Ferti- it does not apply to goods or articles
batteries into battery grade materials. lizers has issued the Toluene Second intended for export. As per the order,
Amendment (Quality Control) Order, toluene must adhere to the prescribed
The start-up said it will deploy the 2020, which will be effective from Indian Standard IS 537:2011 and bear
capital to scale up its extraction and December 22, 2024. the Standard Mark, obtained through
refi ning capacities; for R&D in precursor a license from the Bureau of Indian
cathode active material (pCAM) deve- This order pertains to goods or arti- Standards (BIS) in accordance with the
lopment from recycled battery minerals; cles involving toluene and is designed Bureau of Indian Standards (Conformity
and commence a commercial scale sec- to ensure quality standards. However, Assessment) Regulations, 2018.

132 Chemical Weekly January 9, 2024

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