National Fertilizers Ltd Reports Net Profit of Rs 108.31 Cr for Q1 FY20-21

National Fertilizers Ltd., a state-owned fertilizer and chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 144% to Rs 108.31 crores ($14.7 million) for the period ended June 30, 2020 as against net loss of Rs 248.65 crores ($33.7 million) … Read more National Fertilizers Ltd Reports Net Profit of Rs 108.31 Cr for Q1 FY20-21

China’s Hengyi Plans $13.65 Billion Expansion at Brunei Petchem Complex

China’s Hengyi Petrochemical Co Ltd plans to spend $13.65 billion to build the second phase of a refinery and petrochemical complex, it reported in a stock filing. Hengyi, one of the few private Chinese firms operating a refinery outside China, plans to add a 14 million tonne per year (280,000 barrel per day) crude oil … Read more China’s Hengyi Plans $13.65 Billion Expansion at Brunei Petchem Complex

Goa Carbon Reports Net Loss of Rs 5.07 Cr for Q1 FY20-21

Goa Carbon Reports Net Loss of Rs 5.07 Cr for Q1 FY20-21 Goa Carbon Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company reported a net loss of Rs 5.07 crores ($0.69 million) for the period ended June 30, 2020 as … Read more Goa Carbon Reports Net Loss of Rs 5.07 Cr for Q1 FY20-21

BASF Acquires Crop Protection Technology from AgriMetis

BASF Agricultural Solutions acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis, an industry leader in biotechnological innovations for crop protection. With this technology, BASF will provide farmers with a more efficient solution and improved formulation to protect against troublesome weeds. “The Glu-L technology builds on BASF’s continued commitment to innovative solutions that help … Read more BASF Acquires Crop Protection Technology from AgriMetis

Braskem’s new La Porte Polypropylene Plant begins Commercial Production

Braskem, a Brazilian petrochemical producer said on September 10th that the company’s 450,000 metric tons per year polypropylene plant in LaPorte, Texas, along the Houston Ship Channel completed its initial commercial production. “The launch of commercial production at our new world-class polypropylene production line in La Porte clearly affirms Braskem’s position as the North American … Read more Braskem’s new La Porte Polypropylene Plant begins Commercial Production

DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

DuPont announced it has divested its trichlorosilane (TCS) business and its equity interest in the Hemlock Semiconductor joint venture to Hemlock for $725 million. The deal has received regulatory approval and was closed at signing. Dupont owned 40.25% stake in Hemlock JV before signing of this deal. DuPont received pre-tax cash proceeds of $550 million … Read more DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

Synthetic Biology Startup Zymergen Raises $300 Million in Funding

Zymergen, a developer of biomanufacturing technologies that could reshape any number of industries, said it has raised $300 million in funding. The investment, announced on Tuesday, was led by Baillie Gifford & Co., the U.K.-based funds giant, with participation from Baron Capital Inc. and a sovereign wealth fund that declined to be identified, said Josh … Read more Synthetic Biology Startup Zymergen Raises $300 Million in Funding

Indo Borax & Chemicals Reports 10.2% YoY Net Profit Growth for Q1 FY20-21

Indo Borax & Chemicals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit increased 10.4% to Rs 5.75 crores ($0.78 million) for the period ended June 30, 2020 as against net profit of Rs 5.21 crores ($0.71 million) for … Read more Indo Borax & Chemicals Reports 10.2% YoY Net Profit Growth for Q1 FY20-21

Johnson Matthey, KBR Sign Strategic Alliance for Ammonia-Methanol Coproduction Process

Johnson Matthey (JM), (London, UK), a leader in sustainable technologies, and KBR, (Houston, USA) announced that they have signed a global strategic alliance agreement to license a ground-breaking ammonia-methanol coproduction process that combines the company’s market leading ammonia and methanol process technologies. Under the collaboration the JM and KBR coproduction process makes the most of … Read more Johnson Matthey, KBR Sign Strategic Alliance for Ammonia-Methanol Coproduction Process

Reliance Industries gives Detailed Plan to Spin-off O2C Assets

Reliance Industries Ltd (RIL) has released a detailed plan on spinning off its oil-to-chemical (O2C) business into a separate subsidiary on Sunday, according to a report by The Telegraph. It has come up with a detailed scheme of arrangement to transfer the undertaking to the O2C subsidiary through a slump sale, which is likely to … Read more Reliance Industries gives Detailed Plan to Spin-off O2C Assets

Lukoil Selects Lummus Novolen Technology for its New PP Plant in Russia

Lummus Technology announced that its Novolen business has been awarded a contract by Lukoil NNOS for a petrochemical facility in Kstovo, Russia. Lummus’ scope includes the technology license for a polypropylene unit, as well as basic design engi-neering, training and services, and catalyst supply. The plant’s capacity is 500,000 metric tons per year. “This award … Read more Lukoil Selects Lummus Novolen Technology for its New PP Plant in Russia

Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

Sun Chemical and its parent company, DIC Corporation, have acquired Seller Ink Industria e Comércio de Tintas e Vernizes Ltda., a specialty inks and coatings manufacturer based in São Paulo, Brazil. With over 25 years of experience, Seller Ink has a strong market presence in both the security ink and the metal decorating markets. With … Read more Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

Air Liquide Announces $160 Million Upgrade Plan to Aid Eastman Expansion

Air Liquide announces a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas supporting Eastman’s growth and production in Longview, Texas. Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX). With … Read more Air Liquide Announces $160 Million Upgrade Plan to Aid Eastman Expansion

Shree Pushkar Chemicals Reports 84% YoY Net Profit Drop for Q1 FY20-21

Shree Pushkar Chemicals & Fertilisers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit dropped 91% to Rs 1.01 crores ($0.14 million) for the period ended June 30, 2020 as against net profit of Rs 11.24 crores … Read more Shree Pushkar Chemicals Reports 84% YoY Net Profit Drop for Q1 FY20-21

LyondellBasell and Bora Start-up New Joint Venture Facility

LyondellBasell and China’s Liaoning Bora Enterprise Group (Bora) announced the establishment and start-up of their new joint venture polyolefin complex in the Liaoning province of northeastern China. First announced in September 2019, the 50:50 joint venture (JV) will operate under the name Bora LyondellBasell Petrochemical Co. Ltd. (BLYB). “Demand for polyolefins has returned in China … Read more LyondellBasell and Bora Start-up New Joint Venture Facility

Mysore Petro Chemicals Reports Net Profit of Rs 1.55 Cr for Q1 FY20-21

Mysore Petro Chemicals Ltd., a Maleic Anhydride manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit dropped 2.5% to Rs 1.55 crores ($0.21 million) for the period ended June 30, 2020 as against net profit of Rs 1.59 crores ($0.22 million) for … Read more Mysore Petro Chemicals Reports Net Profit of Rs 1.55 Cr for Q1 FY20-21

LyondellBasell PP/HDPE technology Selected for Duqm’s Oman plant

LyondellBasell announced that Duqm Refinery and Petrochemical Industries Company LLC (DRPIC) has selected LyondellBasell’s world-leading polypropylene (PP) and high-density polyethylene (HDPE) technologies for a new facility. The new plants will comprise of a polypropylene (PP) plant that will utilize LyondellBasell’s Spheripol PP process technology to produce 280,000 metric tons per year of PP and a … Read more LyondellBasell PP/HDPE technology Selected for Duqm’s Oman plant

Poddar Pigments Ltd Reports Net Profit of Rs 1.61 Cr for Q1 FY20-21

Poddar Pigments Ltd., a pigment manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit dropped 73% to Rs 1.61 crores ($0.22 million) for the period ended June 30, 2020 as against net profit of Rs 5.95 crores ($0.82 million) for the previous … Read more Poddar Pigments Ltd Reports Net Profit of Rs 1.61 Cr for Q1 FY20-21

Dow Reports No Major Damage from Hurricane Laura

Dow, one of the largest chemical producers in the world, issued a statement that its sites along the U.S. Gulf Coast reported no major damage from Hurricane Laura. “Dow has robust weather preparedness plans and began implementing them as Hurricane Laura approached,” Dow said in a statement. Dow’s sites in Sabine, Beaumont, Deer Park, La … Read more Dow Reports No Major Damage from Hurricane Laura

Indo Amines Ltd Reports Net Profit of Rs 2.51 Cr for Q1 FY20-21

Indo Amines Ltd., an organic amines manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 66.2% to Rs 2.51 crores ($0.34 million) for the period ended June 30, 2020 as against net profit of Rs 1.51 crores ($0.21 million) for the … Read more Indo Amines Ltd Reports Net Profit of Rs 2.51 Cr for Q1 FY20-21