Grasim Industries has commissioned caustic soda projects at Rehla, Jharkhand and Balabhadrapuram, Andhra Pradesh. The ongoing expansion project at Rehla has been completed and the company has successfully commissioned Phase-II of the expansion project — 80 tons per day (tpd) caustic soda lye at Rehla, taking overall caustic soda lye capacity of Rehla unit to … Read more
Novatek and Uniper signed a term sheet on the long-term supply of large volumes of low-carbon ammonia. These supplies will be delivered to Uniper’s markets in Germany and North-West Europe. Novatek is developing a major low-carbon ammonia production facility on the Yamal Peninsula in northwestern Siberia, making use of the vast local gas reserves. Carbon … Read more
Methane pyrolysis technology company Monolith, a leader in clean materials production, has received conditional approval for a $1.04-billion loan from the US Department of Energy (DOE). Established via the Title XVII Innovative Energy Loan Guarantee Program, the loan will allow Monolith to expand its clean hydrogen and carbon black production facilities in Hallam, Nebraska. Monolith … Read more
Lotte Chemical Corp., a petrochemical unit of South Korean conglomerate Lotte Group, said Friday it will spend 250 billion won (US$211.4 million) to expand its domestic production line of ethylene oxide adduct (EOA). The expansion of the production line in Daesan, a county in the central South Chungcheong Province, will help boost its EOA production … Read more
Chemicals producer Borealis AG delayed the start of a plastics plant in Belgium, its biggest investment in Europe, citing Covid-19. The plant in Kallo in the port of Antwerp will begin production in the third quarter of 2023, the company said in an email. It had previously targeted starting operations by the end of next … Read more
Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra in India. Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market. On its three … Read more
BASF SE has announced that the implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for BASF’s Verbund site in Geismar, Louisiana, is progressing on schedule. Over time, BASF plans to double the capacity from 300,000 metric tons per year to approximately 600,000 m.t./yr. “This investment in the attractive North American MDI market strengthens … Read more
Air Products has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis plant for one of the world’s largest green hydrogen projects at NEOM in Saudi Arabia. Under this contract, thyssenkrupp will engineer, procure and fabricate the plant based on their large-scale 20 megawatt (MW) alka-line water electrolysis … Read more
Smartchem Technologies Ltd. (STL), a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), said it would invest ₹ 22 billion to set up a technical ammonium nitrate (TAN) complex at Gopalpur Industrial Park in Odisha. The ground-breaking and foundation-laying ceremony was held on Thursday. The project is located at Tata Steel Industrial Park, … Read more
BASF said it will strengthen its focus on battery materials and recycling and will establish a separate mobile emissions catalyst, automotive catalysts recycling and associated precious metal services entity. The new entity will be named BASF Automotive Catalysts and Recycling. The move came keeping in view with the automotive industry’s shift toward electromobility. The new … Read more
Reliance Industries (RIL) announced its first investment in West Asia with Abu Dhabi Chemical Derivatives Company RSC (TA’ZIZ). According to a RIL statement, the two have agreed to launch TA’ZIZ EDC & PVC, a chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi. “The new joint venture (JV) will construct and … Read more
Japan’s Mitsubishi Chemical Holdings Corp (MCHC) announced plans to exit petrochemicals and carbon products businesses on its road to carbon neutrality by 2050. Japan’s largest chemicals maker said it will “carve-out” its petrochemicals and carbon products businesses by fiscal 2023. “In the medium term it is our goal to completely exit these businesses,” CEO Jean-Marc … Read more
Standard Lithium Ltd., announced that Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has completed its US$100 million investment in Standard Lithium through a direct private placement. The Direct Investment is intended to support the Company’s strategic development goals and will be used by the Company to pursue the following objectives: Continue to … Read more
GranBio Technologies and Birla Carbon have been awarded $730,000 in funding from P3Nano and USFS to advance scale-up and commercial introduction of the Nanocellulose Dispersion Composite (NDC) rubber masterbatch for the tire and rubber goods markets. P3Nano is a public private partnership between the U.S. Endowment for Forestry & Communities and the USDA Forest Service … Read more
Asian Paints Ltd on Monday said it will invest Rs 9.6 billion ($127 million) to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat. The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL … Read more
INEOS Styrolution, the global leader in styrenics, has confirmed its decision to invest into a pilot plant for advanced recycling of polystyrene. The site will be set up in collaboration with Recycling Technologies in Swindon, UK. It is expected to be operational in the second half of 2022. The decision announced today is a significant … Read more
Gazprom’s Board of Directors approved a pilot project for hydrogen production in the Russian Federation. The company highlighted that the development of hydrogen energy in Russia is essential both for the decarbonization of the domestic industry and for exports to the global hydrogen market. This line of activity is becoming increasingly relevant in the context … Read more
Abu Dhabi National Oil (ADNOC) and Borealis have signed the final investment agreement for their Borouge 4 complex at Ruwais, Abu Dhabi. The deal confirms their intent to spend $6.2 billion on the project, which will consist of a 1.5 million t/y ethane cracker, two PE plants producing 1.4 million t/y and a 100,000 t/y … Read more
LG Chem Ltd. and GS Caltex will team up to jointly develop mass production technologies of eco-friendly materials for a circulating economy and carbon neutrality. LG Chem signed Joint Development Agreement (JDA) related to the development of mass production technology for 3HP (hydroxypropionic acid), which is a biodegradable plastic material, and production of prototypes with … Read more
Mysore Petro Chemicals Ltd., a petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 24.3% to Rs 73.77 million for the period ended September 30, 2021 as against net profit of Rs 59.35 million for the previous quarter. Net sales … Read more