AM Green Ammonia (India) Private Limited, a subsidiary of the Greenko Group, is set to acquire the urea and micro-irrigation divisions of Nagarjuna Fertilizers and Chemicals Ltd (NFCL) through a slump sale transaction, as confirmed in their stock exchange filing. The deal is valued at Rs 1,700 crore (Rs 17 billion). “The slump sale of … Read more
Mitsui Chemicals, Inc. has unveiled its strategic initiative to amplify the production capacity of polyurethane dispersions (PUDs) in response to the escalating demand for sustainable mono-material food packaging solutions. This pronounced shift towards eco-friendly packaging aligns with the global emphasis on sustainability. The focal point of this expansion lies within the Shimizu Factory, a wholly … Read more
Adani Group, a prominent conglomerate in India, remains steadfast in its commitment to establishing a renewable hydrogen plant with an annual capacity of three million metric tons in Gujarat. “Adani Group still has plans to build a three million mt/year renewable hydrogen plant in Gujarat despite TotalEnergies putting its partnership on hold,” revealed CFO Robbie … Read more
BASF has finalized preparations to increase its production capacity for water-soluble dispersants, which are acrylic acid-based, at its Dilovasi, Turkey site. This investment aims to support BASF’s customers in the detergent, cleaning and chemical processing industry across Europe, the Middle East and Africa. The additional capacities are expected to be fully operational by the third … Read more
On Thursday, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced its plans to enhance Nitric Acid production capacity at its Dahej facility in Gujarat. The expansion project is projected to cost Rs 19.50 billion. The company’s Board of Directors has given the green light to establish a Weak Nitric Acid (WNA) plant, with a targeted … Read more
ICL, a leading global specialty minerals company, celebrated the groundbreaking of its battery materials manufacturing plant in St. Louis, which is expected to be the first large-scale lithium iron phosphate (LFP) facility in the U.S. The $400 million facility is planned to be operational by 2025 and will help meet growing demand from the energy … Read more
Mitsui Chemicals, Inc. announced that Polaris Chemicals, Inc., a subsidiary established in 2021, has begun production of biocatalysts used in the production of acrylamide. Acrylamide is a raw material for polyacrylamide, which is in turn used as a flocculant for wastewater treatment, a paper strengthening agent, and a crude oil recovery agent, among other applications. … Read more
Covestro has started production in its new plant for polyurethane elastomers systems at its integrated site in Shanghai, China. Groundbreaking for it had been announced in the summer of 2022. The investment is in the double-digit million Euro range. It is part of a series of investments in the Elastomers raw materials business the company … Read more
Saudi Arabia’s state-owned oil company Aramco reported a 38% drop in its net profit for the second quarter of 2023, as lower crude oil prices and weaker refining and chemicals margins weighed on its performance. The company posted a net income of $30.1 billion for the three months ended June 30, down from $48.4 billion … Read more
Bharat Heavy Electricals (BHEL) has signed a memorandum of understanding (MoU) with Greenstat Hydrogen India to explore future collaboration opportunities in green hydrogen and derivatives in the hydrogen value chain. BHEL in a statement said that the MoU is for “Potential Collaboration Opportunities in Green Hydrogen and Derivatives in the Hydrogen Value Chain. This MoU … Read more
In a significant boost to Gujarat’s chemical industry, four prominent industrial players have recently signed Memorandums of Understanding (MoUs) with the state government, marking a total investment of INR 14.01 billion. These investments are a part of the preparations for the upcoming Vibrant Gujarat Global Summit, set to take place in January 2024. The signed … Read more
The Mitsubishi Chemical Group announces that it has decided to increase the γ-butyrolactone (gamma-butyrolactone; “GBL”) production capacity of its Okayama Plant (Kurashiki City, Okayama Prefecture) by 2,000 tons/year. This expanded production is scheduled to start in July 2024. GBL is a high-purity solvent used as an electrolyte for capacitors and semiconductor parts cleaning solutions. It … Read more
DuPont announced that it has completed the previously announced acquisition of Spectrum Plastics Group, a recognized leader in specialty medical devices and components markets. “I am pleased to welcome our talented Spectrum colleagues to DuPont,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. “We are excited to add Spectrum’s best-in-class advanced manufacturing capabilities, … Read more
Conagen, the bio-platform innovator and biomanufacturer, and Sumitomo Chemical, Japan’s leading chemical company, have announced to jointly develop p-hydroxystyrene (HS) and its polymer, poly p-hydroxystyrene (PHS), using a combination of biosynthesis, chemosynthesis and polymerization. The monomer and the polymer are 100% renewable carbon, marking a new era of sustainable production. Developing PHS using a combination … Read more
INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density Polyethylene plant to produce INEOS pipe … Read more
BASF will increase the production capacity for its medium-molecular weight polyisobutenes, marketed under the tradename OPPANOL® B, at its site in Ludwigshafen, Germany, by 25%. The investment comes in response to the rising global demand for high-quality medium-molecular weight polyisobutenes. “With this step we are further strengthening BASF’s position as a reliable supplier that strongly … Read more
McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL). The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from … Read more
Ecopol, a leading developer and producer of innovative biodegradable films, announced the signing of a strategic investment from affiliates of SK Capital Partners (SK Capital), a leading private investment firm focused on the specialty materials, ingredients, and life sciences sectors. SK Capital is acquiring a majority interest in the company with Mauro Carbone, Ecopol’s CEO, … Read more
Fluor Corporation (NYSE: FLR) announced that it was awarded an engineering, procurement and construction (EPC) contract by Mitsubishi Chemical Group for its SoarnoL™ ethylene vinyl alcohol copolymer (EVOH) facility in Saltend Chemicals Park, Hull, United Kingdom. Fluor booked its undisclosed portion of the contract in the second quarter of 2023. “Fluor values our relationship with … Read more
The Hydrogen Utility® (H2U) and Vopak Terminals Australia (Vopak) have announced their collaboration in relation to H2U’s H2-Hub™ Gladstone project, a multi-billion renewable energy complex producing green hydrogen and green ammonia, proposed to be established in Gladstone, Queensland. H2-Hub™ Gladstone is the largest green hydrogen and green ammonia development in Queensland, with 3 GW in … Read more