Mitsui, Nippon Soda Acquire 56% Stake in Bharat Insecticides

Mitsui & Co., Ltd., and Nippon Soda Co., Ltd. (Nisso) have acquired 56% stake in India’s Bharat Insecticides Limited (BIL), an agrochemicals company through a special purpose company co-founded by the two Japanese companies. BIL’s promoters will continue to hold balance shares in BIL. As a result of this transaction, BIL has become a group … Read more Mitsui, Nippon Soda Acquire 56% Stake in Bharat Insecticides

Tokuyama and Formosa Plastics to form IPA Joint Venture

Tokuyama Corp. to establish a 50-50 joint venture (JV) in Taiwan with Formosa Plastics Corp. for the purpose of manufacturing and selling high-purity isopropyl alcohol (IPA) for the electronics industry. The decision was taken at a Board of Directors’ meeting held on September 25, 2020. The JV will be called Formosa Tokuyama Advanced Chemicals Co., … Read more Tokuyama and Formosa Plastics to form IPA Joint Venture

India Probes Dumping of Untreated Fumed Silica from China, South Korea

India has initiated a probe into the alleged dumping of untreated fumed silica, used in pharmaceutical and agrochemicals industries, from China and South Korea following a complaint by a domestic manufacturer. Cabot Sanmar Ltd filed the application before the commerce ministry’s investigation arm DGTR, seeking initiation of an anti-dumping probe concerning imports of ‘Untreated Fumed … Read more India Probes Dumping of Untreated Fumed Silica from China, South Korea

Sterling Auxiliaries Acquires Chemicals Manufacturing Site from Baker Hughes

Sterling Auxiliaries Pvt. Ltd. and its parent company, Artek Surfin Chemicals Ltd., a leading producer of specialty chemicals with manufacturing capabilities across four continents, have agreed to acquire the land and assets associated with Baker Hughes’ Sand Springs, Oklahoma, chemicals manufacturing facility. The Sand Springs facility, which includes approximately 120 employees who will transfer with … Read more Sterling Auxiliaries Acquires Chemicals Manufacturing Site from Baker Hughes

India’s NTPC Invites EoI from Chemical Companies

India’s state-owned power company National Thermal Power Corporation Limited (NTPC) has invited expression of interest (EoI) from chemical industry for setting up manufacturing facilities within its plant premises. NTPC has invited the EoI from Indian companies to build plants such as bulk chemicals – ammonia, urea, chloralkali, gypsum and gypsum products, geopolymer, etc – in … Read more India’s NTPC Invites EoI from Chemical Companies

Indian Oil to Build PP, Base Oil Plants and Enter Textiles Ops

Indian Oil Corporation (IOC) will invest Rs 17,825 crore ($2.4 billion) in setting up a petrochemical plant and lube oil base stock (LOBS) integration project at its Gujarat Refinery, and is looking at diversifying into the textile business. In a regulatory filing, IOC said its board at a meeting on September 21 “accorded approval for … Read more Indian Oil to Build PP, Base Oil Plants and Enter Textiles Ops

Saudi Firms SIIG, Petrochem in Potential Merger Talks

Saudi Arabian petrochemicals companies Saudi Industrial Investment Group (SIIG) and the National Petrochemical Company (Petrochem) have started initial discussions for a potential merger, both companies said on September 20. SIIG and Petrochem announced in separate statements that they have begun talks to study the “economic feasibility” of merging the two companies. The SIIG and Petrochem … Read more Saudi Firms SIIG, Petrochem in Potential Merger Talks

Thyssenkrupp to Build Second Bioplastics Plant in China

Thyssenkrupp’s plant engineering business recently won another order to build a bioplastics plant based on the patented PLAneo technology. The plant will be built in South China and will produce 30,000 tons of polylactide (PLA) annually. PLA is a compostable bioplastic made from 100% renewable biomass, making it an eco-friendly, low-CO2 and economic alternative to … Read more Thyssenkrupp to Build Second Bioplastics Plant in China

Chemcon Speciality Chemicals Issues IPO

Chemcon Speciality Chemicals, an Indian specialty chemicals provider for pharma and oil well industries, issued a Rs 318 crore ($43.3 million) IPO which opened for subscription on Monday. The Vadodara-based company is offering a fresh issue of equity shares, aggregating up to Rs 165 crore ($22.5 million) and offer for sale of up to 4,500,000 … Read more Chemcon Speciality Chemicals Issues IPO

Kilpest India Limited to Merge Subsidiary with Itself

Kilpest India Limited Board has approved integration of company’s subsidiary 3B Blackbio Tech with itself. “We wish to inform you that Board at its meeting held today, inter-alia, approved and considered the draft Scheme of Amalgamation between 3B Blackbio Biotech India Limited and Kilpest India Limited as may be modified from time to time, under … Read more Kilpest India Limited to Merge Subsidiary with Itself

India to Probe Sodium Hydrosulphite Dumping from China, South Korea

India has initiated an anti-dumping investigation related to import of sodium hydrosulphite, a chemical used in industries such as textiles, soap and molasses, from China and South Korea, the Directorate General of Trade Remedies (DGTR), Govt of India, said in a notification. Sodium hydrosulphite is used in diverse industrial sectors including textiles and as a … Read more India to Probe Sodium Hydrosulphite Dumping from China, South Korea

Kanchi Karpooram Ltd Reports Rs 4.9 Cr Net Profit for Q1 FY20-21

Kanchi Karpooram Ltd., a camphour and other allied products manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 76.3% to Rs 4.90 crores ($0.67 million) for the period ended June 30, 2020 as against net profit of Rs 2.78 crores ($0.38 … Read more Kanchi Karpooram Ltd Reports Rs 4.9 Cr Net Profit for Q1 FY20-21

LG Chem to Spin Off Battery Business as Wholly Owned Subsidiary

LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, according to The Korea Economic Daily. The final decision will be made at a Sept. 17 board meeting. LG Chem plans to list the newly established subsidiary to raise funds that … Read more LG Chem to Spin Off Battery Business as Wholly Owned Subsidiary

Vipul Organics Ltd Reports 4.4% YoY Net Profit Drop for Q1 FY20-21

Vipul Organics Ltd., a dyestuff and intermediates manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 241% to Rs 1.09 crores ($0.15 million) for the period ended June 30, 2020 as against net profit of Rs 0.32 crores ($0.043 million) for … Read more Vipul Organics Ltd Reports 4.4% YoY Net Profit Drop for Q1 FY20-21

Sumitomo Chemical to Build PP Compounding Plant in China

Sumitomo Chemical Co. has set up its new Zhuhai Sumika Polymer Compounds Co., Ltd. Wuxi branch, as a new production facility for polypropylene (PP) compounds, to enhance its automotive materials business in Wuxi, Jiangsu Province, China. Wuxi Plant is located on the premise of Sumika Electronic Materials (Wuxi) Co., Ltd., which is under the control … Read more Sumitomo Chemical to Build PP Compounding Plant in China

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