Essar outlined its investment plans of setting up several projects in the state of Odisha. Essar in partnership with an international player, proposed to develop 7.5 MMTPA Crude to Petrochemical Complex (CTC) involving an investment of approx Rs 400 billion ($4.9 billion). “Essar is once again poised for making significant fresh investments in Odisha in … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, is announced its distributor partnership with Royal DSM, a global leader in health and nutrition. Azelis said that the partnership strengthens and expands Azelis Pharmaceuticals & Healthcare’s lateral value chain in India with the addition of DSM’s complete range of vitamins … Read more
Chennai Petroleum Corporation (CPCL), Indian Oil Corporation Limited (IOCL) and seed equity partners have signed a Joint Venture Agreement for thé upcoming grass root 9 MMTPA Refinery and Petrochemicals Project at Nagapattinam in Tamilnadu, informed on Friday. IndianOil and CPCL will together hold 50% of Equity Stake (25% each) in the Joint Venture Company (JVC) … Read more
Ami Organics Limited, a leading global manufacturer of advance pharmaceutical intermediates and speciality chemicals, has signed a definitive multi-year, multi-tonne agreement with Fermion, a fully owned subsidiary of Orion Corporation, Finland, for supply of an intermediate for their patented product. Based on the supply projection shared by Fermion, the total minimum contract value is expected … Read more
The Board of Directors of BASF India Limited approved the appointment of Mr. Alexander Gerding as Managing Director of BASF India Limited, effective January 1, 2023. Alexander will lead the company for a tenure of five years and will be based in Mumbai. He succeeds the present Managing Director of BASF India Limited, Mr. Narayan … Read more
Aksharchem announced the stoppage of vinyl sulphone (VS) production at its plant Indrad, Gujarat for maintenance. The company informed that the VS plant is due for maintenance since last maintenance which was taken five years before. Considering the planned maintenance and also ongoing prevailing adverse market condition in the recent months the company has decided … Read more
DCW Limited, a leading chemical company in India, plans to double its CPVC (Chlorinated Polyvinyl Chloride) capacity by adding another 10,000 MT capacity. The company also plan to augment the capacity utilisation of its SIOP ( Synthetic Iron Oxide Pigment) plant to 100% with some line balancing Capex to generate an additional 10KT of production … Read more
Aarti Industries Ltd (AIL) and Deepak Fertilisers & Petrochemicals Corporation Ltd (DFPCL) announced that they have signed a binding term sheet for a 20-year period for offtake and supply of Nitric Acid. The parties plan to execute the formal agreement before the close of this calendar year. The supply arrangement comes into effect from 1st … Read more
On Tuesday, Fineotex Chemical Ltd. received a specialist performance chemical order from a major FMCG manufacturer. The order is estimated to be worth Rs 1,500 million. The Company will use its Ambernath facility for production to supply the order. The order was ascribed to the company’s focus on contract execution and efforts to create long-term … Read more
Tata Chemicals has announced that the company will spend Rs 10.5 billion between second half FY23 upto first half of FY24. Speaking at Q2 FY23 Earnings Conference Call, Nandakumar Tirumalai, Chief Financial Officer, Tata Chemicals Limited said, “We spent Rs 3.04 billion in Q2 of the current year in CapEx. So Rs 10.5 billion is … Read more
Air Water announced that Air Water India Private Ltd, its wholly owned subsidiary, has decided to construct a new plant to produce liquefied gases, namely, liquefied oxygen, liquefied nitrogen and liquefied argon, in Chennai, Tamil Nadu. Construction will start in October, 2023 and operation is scheduled to take place in October 2024. The Company anticipates … Read more
Asian Paints announced a phased investment to set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in India. A proposed investment of approximately Rs 21 billion is being alloted for the facility over a period of three years. The setting up of facility for manufacture of VAM would … Read more
LyondellBasell and Shakti Plastic Industries, India’s largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50,000 tonnes of recycled polyethylene (PE) … Read more
Dow Inc. announced it will accelerate the sustainability targets the Company set in 2020 by expanding its Stop the Waste target to a Transform the Waste target. By 2030, Dow will transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually. To do this, … Read more
Anupam Rasayan India announced the signing of two contracts with one of the leading European agrochemicals companies for supplying two new life science related specialty chemicals. According to the contract, the company will provide these products for the next three years. These specialty chemicals will be produced at its current production facilities. “We are pleased … Read more
India’s 4 state-owned firms plan to build coal-to-chemical projects as part of the government’s aim of utilizing 100 million tonnes per year of coal for gasification by 2030. Coal India Limited (CIL) will be joining hands with three other major PSUs – Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) … Read more
SRF Limited has announced that a project to establish a second BOPP film line and metallizer at Indore, with an estimated cost of Rs 4.24 billion has been approved. On August 25, 2022, the project was launched and capitalised for a total of Rs 4.24 billion. The board of directors of SRF Ltd had given … Read more
Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest oil refining and marketing companies, is getting into petrochemicals. Feasibility studies and other pre-project activities are in progress to establish ethylene cracker project at Bina Refinery in Madhya Pradesh and a polypropylene project at Kochi Refinery in Kerala. The projects are likely to take around four … Read more
India’s Reliance Industries Ltd will invest Rs 750 billion ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said. “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials,” Ambani said at an annual shareholders meeting. … Read more
SK Geo Centric Co. announced that it will build an ethylene acrylic acid (EAA) plant in China with a local partner as it aims to expand the eco-friendly and high-value-added packaging material business in Asia. SK Geo Centric, formerly known as SK Global Chemical, said it signed a deal to establish a joint venture with … Read more