Sumitomo Chemical India Limited., an Indian subsidiary of agrochemicals manufacturer Sumitomo Chemical announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 45.8% to Rs 2.01 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.38 billion for the previous quarter. … Read more
Clariant and Dorf Ketal announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business, a provider of chemical technologies and services to the North American oil and gas industry. The transaction announced today is subject to regulatory and other customary closing conditions and is expected to be finalized during … Read more
Air Water announced that Air Water India Private Ltd, its wholly owned subsidiary, has decided to construct a new plant to produce liquefied gases, namely, liquefied oxygen, liquefied nitrogen and liquefied argon, in Chennai, Tamil Nadu. Construction will start in October, 2023 and operation is scheduled to take place in October 2024. The Company anticipates … Read more
Oman plans to produce 1 to 1.25 million tons per year of green hydrogen by 2030 and has set up a state-owned company as part of its plan to achieve net-zero carbon emissions by 2050. Hydrogen Oman, better known as Hydrom, will be a subsidiary of Oman’s state-owned Energy Development Oman, the sultanate’s state media … Read more
Asian Paints announced a phased investment to set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in India. A proposed investment of approximately Rs 21 billion is being alloted for the facility over a period of three years. The setting up of facility for manufacture of VAM would … Read more
LyondellBasell and Shakti Plastic Industries, India’s largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50,000 tonnes of recycled polyethylene (PE) … Read more
Navin Fluorine International Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 22.3% to Rs 578.1 million for the period ended Sept 30, 2022 as against net profit of Rs 744.5 million for the previous quarter. Net sales grew … Read more
GAIL (India) Ltd said it has won the bid to acquire the stressed asset of debt-ridden JBF Petrochemicals Ltd through its resolution process under India’s Insolvency and Bankruptcy Code (IBC). “The Resolution Professional in the matter of CIRP has informed that GAIL (India) Limited has been declared a Successful Resolution Applicant and GAIL’s Resolution Plan … Read more
Dow Inc. announced it will accelerate the sustainability targets the Company set in 2020 by expanding its Stop the Waste target to a Transform the Waste target. By 2030, Dow will transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually. To do this, … Read more
Anupam Rasayan India announced the signing of two contracts with one of the leading European agrochemicals companies for supplying two new life science related specialty chemicals. According to the contract, the company will provide these products for the next three years. These specialty chemicals will be produced at its current production facilities. “We are pleased … Read more
BASF broke ground on its new Polyurethane Application Development Laboratory in Mumbai, India. The new lab will house state-of-the-art applications equipment in an approximately 2,000 sq meter space. To be inaugurated in 2024, the lab will strengthen collaboration with Indian customers from high-growth industries, including consumer appliances, construction, footwear, furniture, and transportation. It will offer … Read more
India’s 4 state-owned firms plan to build coal-to-chemical projects as part of the government’s aim of utilizing 100 million tonnes per year of coal for gasification by 2030. Coal India Limited (CIL) will be joining hands with three other major PSUs – Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) … Read more
India’s Reliance Industries Ltd (RIL) is acquiring two local companies for a total consideration of Rs 15.92 billion ($200 million) to expand its polyester business. According to a stock exchange filing on September 9, Reliance’s wholly owned subsidiary Reliance Petroleum Retail Ltd will acquire polyester chip and yarn manufacturers Shubhalakshmi Polyesters (SPL) for Rs 15.2 … Read more
APChemi’s patented “Pyromax™” pyrolysis technology for recycling plastic waste closes the gap in the plastic supply chain by taking dirty and mixed plastic waste, including municipal solid waste segregated plastics and multilayer packaging, and breaking it down to produce high quality pyrolysis oil which can be chemically recycled into circular plastics. The process has a … Read more
Calibre Chemicals (Calibre), a specialty chemicals company, has entered into a definitive agreement to acquire 100% shareholding of RheinPerChemie GmbH (RPC), from Evonik, a globally leading specialty chemical company. RPC, located in Rheinfelden Germany, is a prominent manufacturer of ammonium and sodium persulphates in Europe. Calibre is one of the largest manufacturer of potassium persulphate, … Read more
SRF Limited has announced that a project to establish a second BOPP film line and metallizer at Indore, with an estimated cost of Rs 4.24 billion has been approved. On August 25, 2022, the project was launched and capitalised for a total of Rs 4.24 billion. The board of directors of SRF Ltd had given … Read more
Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest oil refining and marketing companies, is getting into petrochemicals. Feasibility studies and other pre-project activities are in progress to establish ethylene cracker project at Bina Refinery in Madhya Pradesh and a polypropylene project at Kochi Refinery in Kerala. The projects are likely to take around four … Read more
India’s Reliance Industries Ltd will invest Rs 750 billion ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said. “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials,” Ambani said at an annual shareholders meeting. … Read more
Ohmium International, a green hydrogen company that designs, manufactures, and deploys PEM Electrolyzers, is collaborating with Shell India to evaluate hydrogen applications, markets, and project opportunities in India and globally. As part of the collaboration, both parties have intent to launch joint working groups to assess opportunities from the technical, commercial, and safety perspectives. Ohmium’s … Read more
Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, announced the commissioning of a Green Hydrogen Plant at its AM Naik Heavy Engineering Complex in Hazira, Gujarat. The plant was inaugurated by Mr. Shrikant Madhav Vaidya, Chairman – Indian Oil Corporation Limited. The production of Green Hydrogen based on … Read more