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Nayara Energy Slows Down Refinery Activity After EU Sanctions Stir Trouble
India’s Nayara Energy has been forced to cut down operations at its massive oil refinery in Gujarat after getting caught up in the latest round of European Union sanctions aimed at Russian-linked businesses. Nayara runs one of India’s largest oil refineries at the coastal town of Vadinar, handling around 400,000 barrels a day. That’s nearly…
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Nuberg EPC secures engineering contract for chlor-alkali plant in India
Nuberg EPC, a preeminent Indian Global EPC and turnkey project management company, has bagged the contract for India’s largest Chlor-Alkali project, commissioned by Mundra Petrochemical Ltd. (MPL), a subsidiary of Adani Enterprises. The project is poised to make a significant impact in the industry with a capacity of 2,200 TPD, utilizing a 100% NaOH process.…
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Bondalti Announces Takeover Bid for 100% of Spain’s Ercros
Bondalti, a leading chemical company, has announced the initiation of a public takeover bid, facilitated through its Barcelona-based entity, Bondalti IBERICA, targeting the acquisition of 100% of Ercros’ shares. The offer, formally presented to the Spanish National Securities Market Commission (CNMV), will be executed entirely in cash, offering a price of 3.6 euros per Ercros…
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Bondalti in €329M takeover bid for Ercros
Portuguese industrial conglomerate Bondalti has initiated a bold move in the chemical industry, announcing a takeover bid valued at 329 million euros ($357 million) for the entire shareholding of Ercros, a Barcelona-based chemical company. The offer, exclusively in cash, stands at 3.6 euros per share of Ercros, marking a substantial premium of 40.6% over the…
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Coal India and BHEL Partner for Ammonium Nitrate Project
In a significant development within the chemical industry, two leading Indian state (Maharatna CPSE) entities, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL), have formally solidified their collaboration through the signing of a joint venture agreement (JVA) on 28th February 2024 in Delhi. The agreement aims to establish an ammonium nitrate plant utilizing…