Anupam Rasayan Ltd, an Indian speciality chemicals company, said on Wednesday it has received a letter of intent worth Rs 1,100 crore ($148.6 million) from one of the top 10 multinational life sciences company. The company will provide multiple products in life sciences related specialty chemicals for the next five years. “Securing order from a … Read more
Eastman Chemical Company announced that it has acquired 3F Feed & Food, a European manufacturer of additives for animal feed and human food. Terms of the transaction were not disclosed. Located in Spain, 3F’s business and assets are expected to strengthen and support continued global growth of Eastman’s animal nutrition business and will become part … Read more
Nouryon and Atul successfully started production at Anaven, a new joint venture in Gujarat, India, that will help meet the rapidly growing demand in India’s agricultural, personal care and pharmaceutical markets. Anaven is India’s largest MCA production site, with a current capacity of 32,000 tonnes of MCA per year. There is a possibility of rapid … Read more
India has increased its Liquid Medical Oxygen (LMO) production by nearly 60% to to 8,922 MT per day and is expected to cross 9,250 MT per day by the end of the month. Prime Minister Narendra Modi was informed about the increasing production of the life-saving gas, whose shortage has been reported in several places … Read more
Maire Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited have been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new Para-Xylene (PX) plant and the relevant offsites facilities. The plant will be located in Paradip, in … Read more
Evonik said it has delivered first batches of the urgently needed lipids for the mRNA-based vaccine to BioNTech months earlier than planned. Specialists at Evonik’s Hanau site had set up the lipid production in just eight weeks, meeting the high-quality requirements for the component. Initially, delivery was scheduled to start in the middle of the … Read more
Phillips Carbon Black Ltd., a carbon black manufacturer in India, announced its results for the final quar-ter and financial year ended 31 March 2021. Q4 YoY Results:The company’s net profit increased 75.6% to Rs 127.73 crore ($17 million) in the quarter ended March 2021 as against Rs 72.76 crore ($9.7 million) during the prior year … Read more
Unilever has partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of from fossil-fuels. The innovative shift in production utilises biotechnologies and a newly configured supply chain between the three partners, who are working together for the first time. Typically derived from fossil fuels, surfactants are a critical … Read more
PPG announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. “The strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and color matching capabilities,” said … Read more
Australian lithium miners Galaxy Resources and Orocobre have announced to merge in a A$4 billion ($3.1 billion) deal that would create the world’s fifth largest producer of lithium chemicals, the refined form of the raw material used to make electric vehicle (EV) batteries. “The logic of this merger is compelling,” Orocobre chairman, Robert Hubbard, who … Read more
South Korean steelmaker POSCO will build lithium hydroxide extraction facility in Gwangyang, 300 km south of Seoul. The company also plans to invest in Argentina to further its electric vehicle battery ambitions. POSCO said on Apr. 14 that it will start the construction of the plant within the first half of 2021 to produce lithium … Read more
India’s Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has dispatched the first consignment of acrylic acid from its Propylene Derivative Petrochemical (PDP) complex at Kochi Refinery. Acrylic Acid is one of the six niche petrochemical products produced in the new PDP Complex at Kochi Refinery. Built at the cost of Rs 6,000 crore … Read more
Shell Nanhai BV and China National Offshore Oil Corp. (CNOOC) have started up new units to complete the Phase 2 expansion of their 50-50 joint venture CNOOC & Shell Petrochemicals Co. Ltd.’s (CSPC) petrochemical complex to supply the Chinese market with essential petrochemicals. Newly commissioned installations include China’s largest styrene monomer and propylene oxide (SMPO), … Read more
Sumitomo Chemical and Sekisui Chemical are moving forward with a project to convert plastic waste into polyolefin, targeting to start up a pilot plant to produce ethylene as a first step. Sumitomo Chemical has established a cooperative relationship with Sekisui Chemical Co., Ltd. for the social implementation of the technology to manufacture polyolefin using waste … Read more
Mitsubishi Heavy Industries, Ltd. announced that it has invested in Starfire Energy Inc, a US developer of modular chemical plants for green ammonia and hydrogen production. The partnership with the Colorado-based company will “advance the development of commercial scale applications to decarbonise ammonia production and unlock its potential as a zero-carbon energy carrier”, MHI said … Read more
Indian Oil Corporation (IOCL) has awarded engineering, procurement, construction and commissioning (EPCC) contract to Technip Energies to upgrade the Barauni Refinery in India. The Barauni refinery is situated on a 3.59 km² site in the Begusarai district of Bihar, approximately 140km away from Patna. IOCL is undertaking BR9 Expansion Project with an investment of $1.9 … Read more
Reliance Industries (RIL) and US-based Chart Industries are leading a new coalition focussed on commercialising hydrogen technologies and systems to build net-zero carbon pathways in India. The alliance will work together to build the hydrogen economy and supply-chain here and also help develop blue and green hydrogen production and storage apart from building hydrogen-use industrial … Read more
SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heavyweight Kolon Industries Inc. from the third quarter of this year. SK Global Chemical and Kolon Industries have signed a strategic partnership on 7th April to produce polybuthylene adipate-co-terephthalate (PBAT) plastic, according to the two … Read more
ICL, a leading global specialty minerals and specialty chemicals company, said it signed a contract with Indian Potash Limited (IPL), India’s largest importer of potash, to supply an aggregate 600,000 metric tons of potash – with mutual options for an additional 50,000 metric tons – to be supplied through December 2021. The company added that … Read more
China has approved merger of Sinochem Group and ChemChina Group, according to the country’s top state assets regulator. Sinochem Group and ChemChina Group have received approval to implement joint restructuring, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said late Wednesday in a statement on its website. The two companies will … Read more