Atul Ltd. has announced increase in net profit for its fourth quarter and full-year ended 31 March on good margins in Performance and Other Chemical segment. The company’s fourth quarter net profit increased 26.6% to Rs 1.4 billion ($18.9 million) from Rs 1.1 billion ($14.9 million) in the prior year quarter. Revenue in the … Read more
Chambal Fertilizers and Chemicals (CFCL), Gadepan, India, has successfully commissioned a new plant using KBR’s PurifierTM ammonia technology, which is now the world’s most energy efficient plant per tonne of ammonia produced. CFCL has two existing ammonia plants with a capacity of 1,710 metric ton per day that were revamped by KBR in 2009 to … Read more
Reliance Industries Limited announced fall in petrochemical earnings for full-year 2019-20 due to lower margins and weak demand in the last quarter due to COVID –19 pandemic. Fourth Quarter: 4Q FY20 revenue from the Petrochemicals segment decreased by 24.1% Y-o-Y to Rs 32,206 crore ($4.3 billion) due to lower price realizations along with disruptions in … Read more
LG Chem announced that it will invest about 65 billion KRW ($54 million) by Q1 of next year to expand production of carbon nanotubes (CNT) by 1,200 tons at the company’s Yeosu plant. Once the expansion is made, LG Chem will have a total production capacity of 1,700 tons by adding to the existing 500 … Read more