Air Liquide, a French industrial gas producer entered a new long-term partnership with Russian steel producer NLMK to construct a state-of-the-art air separation unit (ASU). Under the agreement, Air Liquide will make an investment of nearly €100 million ($114 million) in NLMK’s flagship site in Lipetsk, Russia. In addition, it will build an air separation … Read more
National Peroxide Ltd., a peroxide manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 82.7% to Rs 3.03 crores ($0.4 million) for the period ended March 31, 2020 as against net profit of Rs 17.49 crores ($2.3 million) during the … Read more
KBR has been awarded a contract for its proprietary Plinke Adiabatic Nitrobenzene solutions by Kutch Specialities Pvt Ltd, India. Under the terms of the contract, KBR will provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India. KBR’s proven process, patented equipment … Read more
Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Wednesday said the deal to sell 20% stake to Saudi Aramco has not progressed according to the scheduled time due to ongoing pandemic situation. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to the original timeline,” RIL … Read more
Chembond Chemicals Ltd., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2020. The company’s net profit declined 2.2% to Rs 4.03 crores ($0.53 million) for the period ended June 30, 2020 as against net profit of Rs 4.12 crores ($0.55 million) during the prior-year quarter. Net sales … Read more
The European Commission has fined Orbia, Clariant and Celanese a total of € 260 million ($296 million) for breaching EU antitrust rules. Westlake was not fined as it revealed the cartel to the Commission. The companies took part in a cartel concerning purchases on the ethylene merchant market. They colluded to buy ethylene for the … Read more
Indian Toners & Developers Ltd., a toner manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 37% to Rs 2.82 crores ($ million) for the period ended March 31, 2020 as against net profit of Rs 4.47 crores ($ million) … Read more
Air Liquide has signed a long-term agreement with Steel Dynamics, Inc. (SDI), one of the largest steel producers and metals recyclers in the United States, to supply gaseous oxygen, nitrogen, and argon to SDI’s new Electric Arc Furnace (EAF) steel mill in Sinton, Texas. To support the new agreement, Air Liquide plans to invest over … Read more
Munich, July 9, 2020 – Clariant has joined forces with Ineratec in the challenge for a greener future. The companies have entered a partnership to develop and commercialize novel technologies for the production of renewable fuels and chemicals. Clariant will provide its extensive catalysis expertise and broad portfolio of syngas conditioning and upgrading catalysts to … Read more
BASF India Limited’s Board of Directors have approved the acquisition of 100% stake by the Company in BASF Performance Polyamides from BASF Nederland B.V. and BASF SE. The deal consideration amount is not exceeding Rs 305 crores ($40.6 million), including adjustments, if any, at arm’s length basis, subject to the approval of the shareholders of … Read more
Polychem Ltd., a vinyl polymers manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 28.4% to Rs 0.58 crores ($0.08 million) for the period ended March 31, 2020 as against net profit of Rs 0.81 crores ($0.1 million) during the … Read more
Bodal Chemicals Ltd., a chemical manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 7.8% to Rs 27.22 crores ($3.6 million) for the period ended March 31, 2020 as against net profit of Rs 29.52 crores ($3.9 million) during the … Read more
Maroon Group LLC has acquired Holland Chemicals, a value-added distributor of specialty chemicals and ingredients to the personal care, household & industrial cleaning, food, and industrial markets. Holland Chemicals’ management team, led by Jonathon Rhodes, will continue to actively manage the business on a day-to-day basis. The addition of Holland Chemicals (Burr Ridge, Illinois) marks … Read more
Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to Dastur International Inc. and Lummus Technology LLC to jointly execute a feasibility study for a petcoke gasification project at Kochi Refinery, in the Indian state of Kerala. The study will evaluate the feasibility of the proposed petcoke gasification project and production of value-added petrochemicals and … Read more
Nouryon will start development of a world-class manufacturing facility at its current site in Ningbo, China to produce two key intermediates for its organic peroxides business: tert-Butyl hydroperoxide (TBHP) and tert-Butyl alcohol (TBA). Organic peroxides are essential ingredients in the production of polymers and composites. The manufacturing facility is scheduled to be completed in the … Read more
S H Kelkar and Company Ltd., a Fragrance and Flavours maker, shared the business update for Q1 FY21 with the exchanges on Monday. As per the directives of the Central Government in response to the outbreak of the Covid-19 pandemic, SHK’s manufacturing units were temporarily shut in the month of April 2020. Operations at all … Read more
Kiri Industries Ltd., a dye & dyestuff manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit increased 532% to Rs 111.91 crores ($14.9 million) for the period ended March 31, 2020 as against net loss of Rs 25.90 crores ($3.5 million) … Read more
National Fertilizers has achieved highest-ever fertilizer sale of 1,285,000 MT in first quarter (April-June) of this financial year. This is about 21.5% higher than the sales of 1,057,000 MT made by company in the first quarter of 2019-20. Other than significant growth in Urea sale, P&K fertilizers also recorded a growth of 13% during the … Read more
Air Products on Tuesday announced an agreement for $5 billion green hydrogen-based ammonia production facility that will be powered by renewable energy. The project will be equally owned by Air Products, ACWA Power of Saudi Arabia and NEOM. NEOM is a new model for sustainable living located in the North West corner of the Kingdom … Read more
CPC Corporation, a Taiwanese petrochemical major restarted its No. 4 naphtha-fed steam cracker on July 6th after being shut last week. The company unexpectedly shut its No. 4 cracker due to technical glitches on 2 July, 2020. Based in Linyuan, Taiwan, the cracker is able to produce 380,000 tons per year of ethylene and 193,000 … Read more