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
Tata Chemicals Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit marginally grew 28.1% to Rs 5.93 billion for the period ended June 30, 2022 as against net profit of Rs 4.63 billion for the previous quarter. Net sales … Read more
SK Geo Centric Co. announced that it will build an ethylene acrylic acid (EAA) plant in China with a local partner as it aims to expand the eco-friendly and high-value-added packaging material business in Asia. SK Geo Centric, formerly known as SK Global Chemical, said it signed a deal to establish a joint venture with … Read more
Maire Tecnimont S.p.A. has announced that its subsidiary MyRechemical has been awarded by Alia Servizi Ambientali S.p.A. a basic engineering contract for a waste-to-methanol and hydrogen plant to be located in Empoli (Tuscany), Italy. The scope of work includes the basic engineering design of the plant and the provision of necessary documentation to start the … Read more
India Pesticides Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit grew 33.9% to Rs 410.9 million for the period ended June 30, 2022 as against net profit of Rs 306.7 million for the previous quarter. Net sales increased … Read more
INEOS Styrolution, the global leader in styrenics, announced that it has entered into an agreement for the sale of its entire shareholding interest in INEOS Styrolution India to Shiva Performance Materials. Shiva Performance Materials Private Limited is part of the Shiva Group, which has businesses in specialty chemicals for pharmaceuticals, agrochemicals and other intermediates. Upon … Read more
Deepak Nitrite Limited., a specialty chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 12.2% to Rs 2.34 billion for the period ended June 30, 2022 as against net profit of Rs 2.67 billion for the previous quarter. Net sales … Read more
Poddar Pigments Limited., a specialty chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit marginally grew 0.9% to Rs 54.4 million for the period ended June 30, 2022 as against net profit of Rs 53.9 million for the previous quarter. Net … Read more
NOCIL Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 3.5% to Rs 664.8 million for the period ended June 30, 2022 as against net profit of Rs 689.2 million for the previous quarter. Net sales grew 9.9% … Read more
SRF Limited has revealed plans to establish a new and dedicated INR 2.5 billion facility for producing advanced intermediates for agrochemicals at Dahej in Gujarat to meet the demand. The Indian industrial and specialty intermediates manufacturer said that its board of directors has approved the investment. According to SRF Limited, the advanced intermediates plant will … Read more
India’s energy major Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with M/s Greenko ZeroC Private Limited (Greenko) for a joint venture on green hydrogen. The two companies will jointly pursue opportunities in Renewables, Green Hydrogen, Green Ammonia and other derivatives of green hydrogen. The MoU, valid for two … Read more
South Korean petrochemical producer LG Chem will ship its first bio-based phenol and acetone to a German renewable polymer producer. LG Chem will export 4,000 tons of phenol and 1,200 tons of acetone, totaling 5,200 tons, and this is the largest volume of ISCC PLUS certified product ever exported from South Korea. Phenol is the … Read more
Navin Fluorine International Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 0.9% to Rs 744.5 million for the period ended June 30, 2022 as against net profit of Rs 751.5 million for the previous quarter. Net sales … Read more
SRF Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company reported 0.4% growth in net profit of Rs 6.08 billion for the period ended June 30, 2022 as against net profit of Rs 6.05 billion for the previous quarter. Net sales … Read more
Numaligarh Refinery Ltd (NRL) in Golaghat, Assam, India, has selected Lummus Technology’s Novolen for a new 360 KTA polypropylene (PP) unit. Lummus, a global provider of process technologies and value-driven energy solutions, will provide the technology licence, basic design engineering, training, technical services and catalyst supply. “We are honoured to continue supporting NRL’s business and … Read more
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana. With this third step of its multiphase capacity expansion, BASF will increase production capacity to 600,000 metric tons per year by the middle of the decade and support the … Read more
Meghmani Finechem Limited (MFL) announced its successful commissioning of Chlorinated Polyvinyl Chloride Resin (CPVC Resin) Plant at Dahej in Gujarat. The newly-commissioned facility with a production capacity of 30,000 tonnes per annum (TPA) is the largest of its kind in India. Despite a challenging external environment, the plant has been commissioned on time and without … Read more
Repsol and Navantia Seanergies, Navantia’s green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable hydrogen production in Spain. The signing took place at Navantia’s Turbine Factory in Ferrol, a center that will play a key role in this agreement. The two companies have agreed to combine knowledge and efforts … Read more
Goa Carbon Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company reported 4.7% decline in net profit to Rs 144.8 million for the period ended June 30, 2022 as against net profit of Rs 151.9 million for the previous quarter. Net … Read more
BASF India Ltd., completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets. BASF began production of polymer dispersions in Dahej, India in October 2014, and this additional production line will almost double its capacity. BASF is … Read more