Casale SA, Lugano, announced on April 20 that it has acquired Hong Kong-based Green Granulation Ltd. (GGL), a company involved in the design and construction of urea and calcium ammonium nitrate (CAN) granulation systems and owner of proprietary technology. Green Granulation has a subsidiary office in Beijing.
Casale said the acquisition is part of a broader strategy aimed at strengthening Casale’s position in the market that “leverages the widest integrated portfolio of efficient technologies.” It did not disclose the value of the transaction.
“The integration enables Casale to embrace once more a one-stop-shop approach at a larger scale offering the entire production cycle of N-based fertilizers to its customers, from raw materials to the final products,” the Switzerland-based company said.
According to Casale, among the strategic assets being acquired as part of the transaction, GGL’s “cold recycle granulation” (CRG) technology represents the most advanced fluidized bed technology available. The technology has been designed to accept a lower concentration of urea melt feed (ca 96 percent urea + Biuret), Casale said.
“This acquisition not only adds a new technology that perfectly fits into our portfolio, but it also strengthens our presence in the local Chinese market,” said Casale CEO Federico Zardi.
“Casale and GGL started cooperating some years ago, and today’s investment decision confirms our strong confidence in the CRG granulation process, which has been also incorporated in the new 594,000 mt/y Casale’s urea plant that will be completed in the first half of 2025 in Yangiyer, Uzbekistan,” he said (GM April 1, p. 29).