BASF has joined forces with INOCAS by formalizing a long-term Supplier Finance Agreement. This collaboration involves BASF providing financial support to help INOCAS scale up the industrial production of Macauba oil across Brazil.
Project Details
The agreement ensures that BASF will obtain supplies of both Macauba kernel oil and pulp oil, alongside an ongoing R&D initiative, with provisions for future equity acquisition from INOCAS. These oils will be integral to BASF’s Personal and Home Care product lines within Brazil and Europe, with commercial pilot volumes anticipated by 2025. INOCAS is set on expanding Macauba cultivation to over 50,000 hectares across partnerships with smallholder farmers by 2030, leveraging their significant know-how and intellectual property.
Purpose of Partnership
Mary Kurian, President of Care Chemicals at BASF, highlights the importance of this venture: “As a key player in providing ingredients for personal and home care products, our division is focused on ensuring the diversity and sustainability of our raw materials. Many of our offerings derive from renewable natural oils.
By working closely with our clientele, we aim to support responsible sourcing, safeguard ecosystems, and endorse sustainable methods. The introduction of Macauba kernel oil adds a vital, eco-friendly dimension to these efforts.”