kemicalinfo In a strategic move to address the increasing demand for paints in the Japanese market, Harima announced a 25% expansion of its production capacity for paint resins. This decision comes as the domestic market shows signs of recovery from the effects of the COVID-19 pandemic, with a notable uptick in demand within related industries, particularly in … Read more
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and door … Read more
Asian Paints has announced an increase in the installed production capacity of its Khandala plant to 4,00,000 kiloliters (KL) per annum, up from the initial capacity of 3,00,000 KL per annum. This expansion aims to meet the medium-term capacity needs of the company. Key Highlights:
An industry-first architectural powder coating which can be cured at temperatures as low as 150◦C – while still being Qualicoat class one certified – has been launched by AkzoNobel. Curing at temperatures 30°C lower than traditional powder coatings means that Interpon D1036 Low-E can help customers cut energy consumption by as much as 20%. It can … Read more
Australian green hydrogen and methanol project developer, ABEL Energy, has confirmed the selection of Johnson Matthey (JM) and SunGas Renewables as the suppliers for two of the key technologies to be deployed for the Bell Bay Powerfuels Project in Northern Tasmania. ABEL Energy has been working closely with JM and SunGas Renewables on the design and … Read more
GAIL (India) Ltd., a state-run enterprise, has entered into a 15-year agreement with Bharat Petroleum Corp. Ltd. (BPCL) to supply propane for its upcoming petrochemical facility in Usar, Maharashtra. Valued at over $8.4 billion (Rs. 63,000 crore), the deal entails GAIL sourcing 600 KTPA of propane from BPCL’s LPG import unit at Uran. The existing … Read more
LyondellBasell, the world’s largest licensor of polyolefin technologies, today announced that Indian Oil Corporation Ltd. (IOCL) has selected LyondellBasell’s Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a new 200 kiloton per year (KTA) high density polyethylene (HDPE) plant. The new facility will be built in Panipat, India. “This new license award by IOCL represents the second Hostalen ACP process technology line … Read more
Hindustan Petroleum Corporation Limited (HPCL) has made significant investments totalling $864 million (Rs. 7,196 crores) in the period of April to September 2023, which includes equity investments in joint ventures and subsidiaries, aimed at enhancing its refining and marketing infrastructure. One notable achievement is the successful commissioning of the Visakhapatnam Refinery Modernization Project’s New Hydrogen … Read more
Air Products announced it will build, own and operate a state-of-the-art carbon capture and carbon dioxide (CO2) treatment facility at its existing hydrogen production plant in Rotterdam, the Netherlands. The facility is expected to be on-stream in 2026, and the resulting “blue” hydrogen product to serve ExxonMobil’s (Esso) Rotterdam refinery and additional customers via … Read more
In line with its expansion strategy, Tuticorin Alkali Chemicals and Fertilizers Limited (TFL) is embarking on a journey to increase its production capacity. The financing for this expansion primarily relies on loans and internal earnings. The expansion project encompasses both Soda Ash and Ammonium Chloride and is slated for completion in September. The current … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, today announced the acquisition of OWI Chlor Alkali (Old World Specialty Chemicals, LLC, and Old World Logistics, LLC) from Old World Industries, LLC in Northbrook, Illinois. The business units will be integrated into Brenntag Essentials’ existing network in North America, significantly expanding Brenntag Essentials’ local … Read more
Orbia’s Fluorinated Solutions business and Solvay have signed their joint venture agreement to create the largest polyvinylidene fluoride (PVDF) production facilities for battery materials in the North America region. This partnership brings security of supply with Inflation Reduction Act (IRA) compliant materials and leading-edge PVDF technology together for solutions that are critical to the North … Read more
Gentari, the clean energy division of Malaysia’s Petronas and AM Green, set up by the founders of Greenko, announced the signing of definitive agreements together with an affiliate of GIC to produce 5 million tons per annum (MTPA) of green ammonia by 2030 – equivalent to about 1 MTPA of green hydrogen. Mr Navjit Gill, … Read more
On June 30, 2023 Borealis announced that it had signed an agreement to acquire Rialti S.p.A., a polypropylene (PP) compounder of recyclates based in the Varese area of Italy, subject to regulatory approvals. Today, the parties announce the successful closing of the transaction. Rialti is one of the European market leaders specialized in production of … Read more
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced that it has reached an agreement with Air Liquide Engineering & Construction to acquire rights to license and market ester grade acrylic acid technology, and light and heavy acrylates process technology. The addition expands Lummus’ portfolio for propylene production and derivative products, … Read more
Toray Advanced Materials Korea Inc. (TAK), the South Korean subsidiary of the renowned Japanese chemical conglomerate Toray Group, marked a pivotal moment by commencing the construction of its cutting-edge carbon fiber production facility in Gumi, North Gyeongsang Province. This remarkable initiative took place on Monday, signifying TAK’s dedication to advancing the domain of carbon fiber … Read more
Hextar Global Bhd has announced its acquisition of the entire equity interest in Propel Chemicals Sdn Bhd (PCSB) for a cash sum of RM16.5 million, marking a strategic move to further enhance its presence in the oil and gas (O&G) specialty chemicals sector. In a filing with Bursa Malaysia, the agrochemical company revealed that its … Read more
Cyclyx International, a joint venture between Agilyx and ExxonMobil, announces LyondellBasell has acquired 25% equity ownership of the joint venture (JV). LyondellBasell joining Cyclyx, which was formed in December 2020, further accelerates innovation and development of the necessary infrastructure for a nationwide circular economy for plastics. “Investing in plastic waste value chain experts such as … Read more
Through an investment of more than 140 million euros (more than 200 million Canadian dollars), Air Liquide announced that it will establish in Bécancour, Québec (Canada), a breakthrough platform supplying low-carbon industrial gases including hydrogen, oxygen, nitrogen, and argon. In addition to the Group’s 20 MW PEM electrolyzer, currently the world’s largest in operation, the … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has acquired 100% of the shares of BLH SAS (“BLH”), a well-known distributor of flavors & fragrances focused on the fine perfumery market in France. The acquisition strengthens Azelis’ global footprint in flavors & fragrances, which was created … Read more