Odebrecht Ambiental Acquires Braskem Stake in Environmental Companies
Odebrecht Ambiental, the Odebrecht environmental solutions company, concluded the acquisition of Cetrel and the Water Treatment Unit (WTU), previously controlled by Braskem. The shift in the control of these assets maximizes the potential commercial and technological synergies with the Foz operations and those of the Odebrecht Ambiental industrial area. Furthermore, it is aligned with Braskem’s strategy of concentrating its investments in the petrochemical sector.
This operation involves the sale of the stake that Braskem held in the two companies, including 54.2% of the Cetrel capital and 100% of the WTU capital, for the amount of R$ 652 million, to be adjusted by the net cash balance as of December 28, 2012. The integration of these assets with Odebrecht Ambiental, the largest private Brazilian company in this area of operation, reinforces its commitment to the industrial sector and consolidates its relationship with Braskem.
Cetrel, which includes the Bahia State Government and other companies among its shareholders, began operating in 1978 together with the other companies of the Camaçari Industrial Center (BA), offering solutions in the areas of effluent and waste treatment, energy reuse, material innovation and environmental monitoring. The company’s operations focus on everything from the production to the post-consumer phases, with aims of maximizing processes and offering customized solutions to value and transform waste into raw material for new processes or to return to the production chain.
The Water Treatment Unit, located in the Camaçari Industrial Center, is responsible for producing 30 million m³/year of demineralized, clarified and potable waters.
Specialized in environmental solutions and present in over 150 cities through its subsidiary Foz, which holds basic sanitation assets (water and sewage), Odebrecht Ambiental also leads industrial operations (utilities) and waste treatment for companies such as Vallourec and Sumitomo Tubos do Brasil (VSB), Klabin and Petrobras.
"This operation allows us to have commercial and technological synergies with different environmental assets, currently consolidated at Odebrecht Ambiental,” said Fernando Santos-Reis, CEO of Odebrecht Ambiental. “With our expertise, we aim to guarantee the same level of reliability that Braskem always offers its clients in the supply of utilities and in the treatment of waste,” said Reis.
Braskem is now an Odebrecht Ambiental client, something that already occurred at Aquapolo Ambiental, located in the Greater São Paulo area and the largest reuse water production project for industrial purposes in the Southern Hemisphere. Similarly to the company’s other clients, Braskem will have a guaranteed supply of industrial waters over the long term for the maintenance of its crackers in operation.