Gulbrandsen broke ground for a new Stannous Octoate and Stannous Neodecanoate manufacturing facility at its site in Dahej, India on the 6th of December 2022. Eric Smith, President – Gulbrandsen, did a traditional coconut breaking at the India site and interacted with the members of the team. At the event, Eric emphasized Gulbrandsen’s growth vision … Read more
Air Products and The AES Corporation announced plans to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4 gigawatts (GW) of wind and solar power generation, along with electrolyzer capacity capable of producing over 200 metric … Read more
Shree Ganesh Remedies Limited (SGRL), manufacturer of specialty, fine chemicals and pharmaceutical intermediates, owing to its expertise in organic chemistry and technology competencies, is planning Rs 600 million capex over the next two years. SGRL has taken a step forward for future expansion in increasing the manufacturing capacity as well as upgradation in chemical reaction … Read more
BP signed a memorandum of understanding (MoU) with the Government of Egypt under which it will explore the potential for establishing a new green hydrogen production facility in the country. The MoU was signed by BP, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal … Read more
INEOS and SINOPEC have announced a new Joint Venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million tonne ethane cracker, expected to come on-stream at the end of 2023, and downstream derivative plants in Tianjin, China. A … Read more
Nouryon announced the acquisition of an asset on Jurong Island, Singapore, to expand its alkoxylation footprint in Southeast Asia. The acquired plant will enhance Nouryon’s ability to serve growing regional customer demand in key end-markets including Agriculture and Food, Home and Personal Care, Natural Resources and Paints and Coatings. “This acquisition of a specialty surfactant … Read more
Airbus, a European aircraft manufacturer, is looking to source green hydrogen from India, Australia, and Latin America. According news agency PTI, Airbus is working on developing a hydrogen-powered fuel cell engine for its ambitious zero-emission aircraft, which will enter service by 2035. Airbus has also entered into an agreement with HyPort to establish a low-carbon … Read more
Manali Petrochemicals (MPL), a part of Singapore’s AM International, has acquired UK-based Penn Globe for £21 million. Penn Globe is a market leader in foam control agents and chemical products like lubricants, surface coatings, release agents and silicone emulsions. The boards of the two companies unanimously approved the acquisition. “The addition of Penn Globe is … Read more
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
TotalEnergies and Air Liquide are innovating to produce and valorize renewable, low carbon hydrogen at the Grandpuits zero crude platform. Under a long-term contract committing TotalEnergies to purchase the hydrogen produced for the needs of its platform, Air Liquide will invest over €130 million ($135 million) in the construction and operation of a new unit … 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
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that it has signed an agreement to acquire 100% of the shares of Parkash DyeChem Private Limited, one of India’s leading distributors of speciality chemicals for construction and printing inks. Established in 1988 and headquartered in Delhi, India, Parkash DyeChem is an asset light … 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
Meghmani Finechem Limited (MFL), a leading integrated chemical manufacturer in India, will be making a debut in the MSCI India Domestic Small Cap Index. This addition was done as a part of MSCI’s semi-annual quarterly index review for the Asia-Pacific region. The new additions to the indices will be effective from November 30, 2022. Recently, … Read more
India Hydrogen Alliance (IH2A) and the Kerala state government are jointly evaluating a proposal to set up a $575 million green hydrogen hub in Kochi. The hub is expected to house a 60 tonne per day hydrogen plant with a 150-megawatt (MW) electrolyser and other storage and infrastructure facilities, IH2A shared after a consultation meeting … Read more