The European Investment Bank (EIB), the bank of the European Union, has agreed to join the India Hydrogen Alliance (IH2A) with a commitment of €1 billion in funding. This agreement is subject to the approval of both the Indian government and the EIB. Support for Green Hydrogen Projects The European Investment Bank is the largest … Read more
OCI N.V. and Linde plc, a leading global industrial gases and engineering company, announced a partnership where Linde will supply clean hydrogen and nitrogen to OCI’s new blue ammonia facility under development in Beaumont, Texas under a long-term agreement. Linde will build, own and operate an on-site complex which will include autothermal reforming with carbon … Read more
DuPont, a leading global chemical company, recently released its fourth quarter and full year 2022 results. The company’s net sales showed a decline in the fourth quarter of 2022, while it increased in the full year 2022. In this article, we will delve into the details of DuPont’s financial performance and analyze the key drivers … Read more
Chevron Phillips Chemical Co. LLC (CPChem) and Nexus Circular LLC have entered into a long-term commercial agreement for the supply of circular liquid feedstocks from Nexus’ advanced recycling facility. CPChem has been a customer of Nexus for over two years, receiving consistent bulk shipments of ISCC PLUS certified materials. The new agreement further strengthens the … Read more
Navin Fluorine International Limited, a major player in India’s specialty chemicals sector, has recently begun production at two international plants – one for the manufacture of a key agro-chemical intermediate and another Multi-Purpose Plant. The plants have been established by the company’s subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). The manufacture of this key agro-chemical … Read more
Gujarat Fluorochemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The chemical company has reported a decrease in sales revenue by 3.11% in Q3 FY2023 as compared to Q2 FY2023. The sales revenue has decreased from Rs 14.8559 billion in Q2 … Read more
Deepak Nitrite Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The financials for Q3 of FY2023 show an increase in both Total Income and Net Profit when compared to Q2 of the same fiscal year. Revenue increased by 1.5% from 19.73 … Read more
LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant. The new plant is scheduled to start-up by the end of 2025. VAM is widely used for everyday products such as food packaging, solar panels, windscreens, polarizing … Read more
Balaji Amines Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 32.4% to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 925.69 million for the previous quarter. Net … Read more
Solenis, a leading global producer of specialty chemicals, completed the acquisition of the stock of the Grand Invest Group on February 6, 2023. As part of the acquisition, Solenis will acquire all Grand Invest Group operating assets, including key strategic production and warehousing facilities. Headquartered in Lima, Peru, the Grand Invest Group serves a range … Read more
Deepak Fertilisers and Petrochemicals Corporation Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.3% to Rs 2.49 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.71 billion for the … Read more
Sumitomo Chemical has decided to acquire FBSciences Holdings, Inc., a U.S. company engaged in the business of biostimulants, a group of naturally-derived agricultural materials and a class of biorationals*. The acquisition is due to be completed subject to the prescribed procedures. Biorationals, which have a global market valued today at about $10 billion, about one-tenth … Read more
Berger Paints India Ltd, an Indian multinational paints and coatings manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.4% to Rs 2.01 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.19 billion for … Read more
Ion Exchange (India) has received a Letter of Award from Indian Oil Corporation (IOCL). The award is for the work of Water Treatment Plant for IOCL’s Panipat refinery capacity expansion project (P-25). This includes Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant. The contract also includes Operation and Maintenance for two years … Read more
Tata Chemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 37.7% to Rs 3.91 billion for the period ended Dec 31, 2022 as against net profit of Rs 6.28 billion for the previous quarter. Net … Read more
UPL Ltd, an Indian multinational chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit grew by 33.5% to Rs 10.87 billion for the period ended Dec 31, 2022 as against net profit of Rs 8.14 billion for the previous quarter. Net sales increased 9.6% … Read more
SRF Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit grew by 6.24% to Rs 5.11 billion for the period ended Dec 31, 2022 as against net profit of Rs 4.81 billion for the previous quarter. Net sales … Read more
Holiferm Limited and Sasol Chemicals, a business unit of Sasol Ltd., announced a collaboration to produce and market rhamnolipids and mannosylerythritol lipids (MELs). This collaboration expands the partnership announced in March 2022 between the two companies to develop and commercialise another biosurfactant product, sophorolipids. The partnership will use Holiferm’s proprietary technology to develop the fermentation-derived … Read more
Tata Chemicals Europe and Vertex Hydrogen have signed a ‘Heads of Terms’ offtake agreement for over 200 megawatts of low carbon hydrogen. TCE is one of Europe’s leading producers of sodium carbonate, salt, sodium bicarbonate and other products used in the manufacture of food and animal feed, glass, detergents, chemicals and several other industry applications. … Read more
Pidilite Industries Ltd, an Indian specialty chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit declined by 8.5% to Rs 3.04 billion for the period ended Dec 31, 2022 as against net profit of Rs 3.32 billion for the previous quarter. Net sales decreased … Read more