Nouryon, Atul JV Receives Environmental Clearance to Expand MCA Production in India

Anaven, a 50-50 joint venture of Nouryon and Atul, has received the environmental clearance for its 32,000 metric tons monochloroacetic acid (MCA) plant in Gujarat, India. Construction is due to be completed this year to supply MCA to the Indian market by the end of the year. Rob Vancko, Nouryon’s Head of MCA and Chairman … Read more

Punjab Alkalies and Chemicals Reports Rs 3.4 Cr Net Profit in Q2 FY20-21

Punjab Alkalies and Chemicals Ltd. (PACL), a chlor-alkali manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 3.41 crores for the period ended September 30, 2020 as against net loss of Rs 3.32 crores for the previous quarter. … Read more

Sanyo Chemical, Nippon Shokubai Cancel Merger Plans

Sanyo Chemical and Nippon Shokubai announced Wednesday that they have canceled their planned merger, as the coronavirus pandemic highlights their diverging strategies on a key material used in disposable diapers. “The Companies adopted a resolution to cancel the Business Integration and terminate by mutual agreement the final agreement concerning the Business Integration as of October … Read more

DCM Shriram Reports 69% Net Profit Growth for Q2 FY20-21

DCM Shriram Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 69% to Rs 118.37 crores ($16.1 million) for the period ended Septem-ber 30, 2020 as against net profit of Rs 70.10 crores ($9.5 million) for the previous … Read more

NOVA Chemicals to Sell its Expandable Styrenics (EPS) Business to Alpek

Nova Chemicals announced that it has agreed to sell its expandable styrenics business to a subsidiary of Alpek S.A.B. de C.V. The parties expect to close the transaction in the fourth quarter. The sale of its expandable styrenics business is an important step in Nova Chemicals’ plan to focus on its olefin and polyethylene business, … Read more

Rallis India Reports Rs 83 Cr Net Profit for Q2 FY20-21

Rallis India Ltd., an agrochemicals subsidiary of Tata Chemicals Ltd announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 10% to Rs 82.95 crores ($11.3 million) for the period ended September 30, 2020 as against net profit of Rs 91.87 crores ($12.5 million) for the … Read more

Givaudan Opens $110 Million Fragrance Production Facility in Changzhou, China

Givaudan, a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients opened its new fragrance production facility in Changzhou, China. China remains a key growth market for innovative and consumer-preferred fragranced products for Givaudan which is in line with the recently announced 2025 strategy. The Changzhou production facility, costing more than CHF 100 million … Read more

Phillips Carbon Black Reports Rs 58 Cr Net Profit for Q2 FY20-21

Phillips Carbon Black Ltd., India’s largest carbon black manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2187% to Rs 58.09 crores ($7.9 million) for the period ended September 30, 2020 as against net profit of Rs 2.54 crores ($0.35 million) for the previous … Read more

Arlanxeo Sells its Olefins Business in Canada to Mitsubishi Corporation

Arlanxeo Canada, a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), and Diamond Petrochemicals Canada, a subsidiary of Japan’s Mitsubishi, have announced the execution of an agreement between the companies, where Arlaxeo will sell its olefins business to Mitsubishi Corp. Arlanxeo’s olefins unit is located at the bio-industrial park Sarnia in Ontario, Canada and … Read more

Aramco, Adnoc Committed to India’s $44 Billion West Coast Refinery Project: IOC Chairman

Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) are still committed to investing in the planned $44 billion west coast refinery-cum-petrochemical project, the Chairman of India’s Indian Oil Corp (IOC) said on Thursday. Saudi Aramco’s talks to buy a 20% stake in Reliance Industries Ltd’s oil-to-chemical business for $15 billion, coupled with a crash … Read more

Goa Carbon Reports Rs 5.02 Cr Net Loss for Q2 FY20-21

Goa Carbon Ltd., a petroleum coke manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 5.07 crores ($0.69 million) for the … Read more

Shin-Etsu Chemical Invests $285 Million to Expand Photoresist Production Capacity

Shin-Etsu Chemical will make facility investments totaling ¥30 billion ($285 million) to expand its photoresists business manufacturing bases in Japan and Taiwan. It will carry out production capacity expansion at its subsidiary company, Shin-Etsu Electronics Materials Taiwan Co., Ltd. (located in Douliu City, Yunlin County, Taiwan) and the Naoetsu Plant of Shin-Etsu Chemical Co., Ltd., … Read more

Ardian Acquires 50% Ownership Stake in Angus Chemical Company

Ardian, a private investment firm, announced that it has acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital at a total enterprise value of approximately $2.25 billion. Golden Gate Capital, which initially acquired Angus in February 2015 from The Dow Chemical Company, will retain a 50% stake in Angus. Additional terms … Read more

Deepak Nitrite Incorporates Wholly Owned Subsidiary, DCTL

Deepak Nitrite Ltd has incorporated a wholly owned subsidiary company named Deepak Clean Tech Limited (DCTL) with effect from 9th October, 2020. “Deepak Nitrite Limited has subscribed to the Memorandum & Articles of Association to the extent of 100% of Share Capital of Deepak Clean Tech Limited, which has been incorporated under the Companies Act, … Read more

Mitsubishi Chemical to Sell its Polymer-Flocculant Sales Business

Mitsubishi Chemical Corp. has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corp. Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities. MTAP is a leading Japanese manufacturer of polymer … Read more

Monolith Materials to Invest $1B on a Large-Scale Carbon-Free Ammonia Plant

Monolith Materials announced it plans to use its proprietary process to produce approximately 275,000 metric tons per year of carbon-free anhydrous ammonia in the United States. The company will invest $1 billion to build the new ammonia plant. Current ammonia production practices account for approximately 1% of total global greenhouse gas emissions, or roughly the … Read more

AkzoNobel to Build $23.6 Million Powder Coatings Plant in Taiwan

AkzoNobel announced that it is building a new powder coatings plant in Chungli, Taiwan with a €20-million ($23.6 million) investment. The fully automated plant will have the increased production capacity to fulfill growing demand in the architecture, auto accessories, telecommunications, electronic components, furniture, domestic appliances, sports equipment and machine tools markets. The powder coatings plant … Read more

Bhansali Engineering Polymers Reports Rs 35.5 Cr Net Profit for Q2 FY20-21

Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2672.5% to Rs 35.5 crores ($4.9 million) for the period ended September 30, 2020 as against net loss of Rs 1.38 crores … Read more

Advanced Petrochemical adds Isopropanol (IPA) Capacity to JV with SK Gas

Saudi Arabia’s Advanced Petrochemical Company is planning to add a 70,000 tonnes per annum capacity Isopropanol (IPA) plant as part of its joint venture project in Jubail Industrial City, according to an Arab media report. In March, Advanced Petrochemical’s subsidiary, Advanced Global Investment Company (AGIC) has signed a shareholders’ agreement with SK Gas Petrochemical (SKGP), … Read more

India Ratifies Ban on Seven Hazardous Chemicals Listed under Stockholm Convention

India’s Union Cabinet on Wednesday ratified ban on seven Persistent Organic Pollutants (POP’s) that are hazardous to health and environment listed under Stockholm Convention. The Stockholm Convention is a global treaty to protect human health and environment from POPs, which are identified chemical substances that persist in the environment, bio-accumulate in living organisms, adversely affect … Read more