kemicalinfo Croda India, a wholly-owned subsidiary of UK-based Croda International Plc and a leading player in specialty chemicals, has announced plans to construct a new manufacturing facility at Dahej in the state of Gujarat. The company has earmarked an investment of Rs 5 billion for the first phase of the project, which will focus on producing … Read more
INEOS Styrolution America LLC and Agilyx ASA are advancing the development of a previously announced 100 tons per day TruStyrenyx™ chemical recycling facility in Channahon, Illinois. The facility aims to recycle post-use plastics to high-value, virgin-equivalent products. TruStyrenyx is a partnership between Agilyx and Technip Energies and provides an all-in-one solution for the chemical recycling … Read more
Evonik Catalysts has announced its plans to increase production capacities for its activated nickel powder catalysts marketed under the KALCAT and Metalyst brands. The company is set to expand its production sites in Hanau, Germany, and Dombivli, India in response to the growing demand for precious metal-free powder hydrogenation catalysts in the pharmaceutical, agrochemical, and … Read more
Saudi Aramco, the world’s largest oil producer, has entered into a $3.6 billion deal to purchase a 10% stake in Rongsheng Petrochemical Co, one of China’s oil refining giants. As part of the agreement, Aramco has committed to supply 480,000 barrels of crude oil per day to Rongsheng’s refinery in Zhejiang province over a 20-year … Read more
ADNOC announced that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia. The announcement was made following the signing of a memorandum of understanding (MoU) between the Government of North Rhine-Westphalia, ADNOC and Currenta … Read more
Lotte Chemical Titan Holding’s Indonesian subsidiary, PT Lotte Chemical Indonesia (LCI), has secured a 12-year loan facility worth $2.4bn to finance the development of its integrated petrochemical facility, also known as the Lotte Chemical Indonesia new ethylene project. The loan was arranged with the Export-Import Bank of Korea, Korea Trade Insurance Corp, and other commercial … Read more
International private equity firm, Cinven, announced that it has signed an agreement with Sika AG to acquire MBCC Group’s Admixtures business. MBCC Admixtures is a leading global manufacturer of concrete admixtures, as well as other sustainable solutions for the construction industry. The business provides value-added technology and chemistry expertise to improve the performance of construction … Read more
Air Liquide, a leading provider of industrial gases, has announced its plans to construct an industrial-scale ammonia cracking pilot plant in the port of Antwerp, Belgium. This project is part of the company’s commitment to investing in the low-carbon hydrogen value chain to support the energy transition. Converting Ammonia to Hydrogen with Optimized Carbon Footprint … Read more
Anupam Rasayan, a leading manufacturer of specialty chemicals in India, has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up three new chemical plants. The company will invest Rs. 67 billion in the brownfield expansions, which will be located in Surat and Bharuch in Gujarat. The plants are expected to … Read more
The Indian Oil Corporation (IOCL) has announced plans to set up a petrochemical complex in Paradip, Odisha. This will be the largest-ever investment at a single location by the oil marketing company, with an estimated cost of Rs 610.77 billion. The complex will include a world-scale cracker unit and downstream process units, which will produce … Read more
DOMO Chemicals has broken ground on a new plant in Haiyan, Jiaxing, Zhejiang, China, which will produce TECHNYL polyamide-based grades. The €14m ($16.7m) plant, covering a total area of 40,000 sq m, is expected to be fully operational by the end of Q1 2024 and will be gradually expanded to reach a total capacity of … Read more
Larsen & Toubro (L&T) has secured multiple offshore contracts from an overseas client for its hydrocarbon business, with major contracts in the range of Rs 50-70 billion. The company will be responsible for the engineering, procurement, construction, and installation of offshore structures, as well as for upgrading existing facilities. L&T Energy Hydrocarbon covers the entire … Read more
Nouryon announced that it has commissioned a chlorine dioxide plant to modernize and expand the Arauco pulp mill in Chile. The project, called the MAPA project, is a $2.35 billion pulp mill and is the largest industrial project in the Biobío region. The new plant adds 1.56 million tons per year of eucalyptus pulp capacity … Read more
OCI Global and Lotte Fine Chemical (LFC) have announced a collaboration to provide bio-ammonia for the chemical and power sectors, aiming to decarbonize their value chain. OCI will supply LFC with bio-ammonia from its Texas production capacity, starting this year. LFC will import OCI’s ISCC Plus bio-ammonia, derived from bio-methane, for domestic use in South … Read more
Corrosion Innovations, LLC, a leading global player in the corrosion-prevention industry, announced on March 16, 2023, that it has acquired the ChlorRid™ product line from Milliken & Company, a major player in the coatings additives business. The ChlorRid™ product line includes surface decontamination, passivation products, and salt testing kits for soluble salt detection and removal. … Read more
Navin Fluorine Advanced Sciences Limited (NFASL), a wholly-owned subsidiary of Navin Fluorine International Limited, has announced that it has approved a capital expenditure of Rs 4.5 billion to set up a new hydrofluoric acid (HF) capacity at Dahej. The new facility will have a capacity of 40,000 tonnes per annum, which will be in addition … Read more
GAIL (India), a leading natural gas company with diverse interests across the natural gas value chain, has signed an MoU with Shell Energy India to explore opportunities in different facets of the energy value chain. The move is aimed at achieving improved sustainability in GAIL’s business operations. To diversify the feedstock for its petrochemical plant, … Read more
Univar Solutions Inc. and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment … Read more
Aramco, one of the world’s leading integrated energy and chemicals companies, and Linde Engineering, a global leader in the production and processing of gases, announced that they have signed an agreement to jointly develop a new ammonia cracking technology. The collaboration between the two companies will combine Linde Engineering and Aramco’s experience and capabilities in … Read more
LyondellBasell announced it has successfully started up the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. These new assets on the U.S. Gulf Coast have an annual capacity of 470 thousand metric tons of PO and one million metric tons of TBA and its derivatives. “The world-leading capacity of the new … Read more