Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon black solutions, has announced the formal adoption of a Green Finance Framework. The framework outlines the criteria and provides guidelines for Birla Carbon to finance eligible Green Projects through Green Loans or Bonds. This move comes in continuation of the business’ decarbonization drive … Read more
Gujarat Alkalies and Chemicals (GACL) entered into an agreement with NTPC RE to mutually explore the opportunities for setting up India’s first commercial-scale green ammonia and green methanol project. NTPC REL (NTPC Renewable Energy) is a subsidiary of state-run power Genco NTPC, while GACL, a Gujarat government PSU, is engaged in the production of industrial … Read more
Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I. This will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up … Read more
3M said on Wednesday it reached an agreement with the Belgian government to spend more than €571 million ($582 million) to carry out previously agreed PFAS-related remedial actions to address legacy manufacturing and disposal of the so-called “forever chemicals.” The agreement contains certain provisions ending current litigation and provides certain releases of liability for 3M … Read more
BASF and THOR GmbH are combining their expertise in non-halogenated flame retardant additives to provide customers with a comprehensive solution that will enhance the sustainability and performance for specific plastic compounds, as well as meet stringent fire safety requirements. Flame retardancy is an essential element for plastic components or composites which are commonly used in … Read more
India Hydrogen Alliance (IH2A) has proposed a 25/25 National Green Hydrogen Hub Development Plan for creation of twenty-five National Green Hydrogen Projects and Five National H2 Hubs by 2025. The plan seeks to develop first-generation green hydrogen projects, with public finance support of $360 million over next three years; create a National Hydrogen Development Corporation … Read more
Azelis announces that it has reached an agreement to acquire a majority stake in Ashapura Aromas Private Limited (Ashapura), a leading distributor of ingredients in the flavors & fragrances (F&F) market in India. This acquisition provides Azelis with a strong F&F platform in Asia Pacific, creating a global F&F network, following its 2021 acquisitions of … Read more
Thyssenkrupp nucera AG & Co. KGa will provide a license and supply its own equipment for plans to expand the caustic soda plant for Kutch Chemical Industries in Padan, Gujarat, India. The current plant has been operating since 2020 and consists of five electrolyzers with its own technology thyssenkrupp nucera BM Single Element. Due to … Read more
Indorama Ventures (IVL) has signed a license agreement with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group, to build, own and operate a propylene oxide (PO), t-Butanol (TBA) and t-Butyl methyl ether (MTBE) co-production unit. Featuring the world’s only MTBE ‘single-step’ reaction technology, IVL’s proprietary innovation, the project is part of … Read more
Gujarat Alkalies and Chemicals has received approval from board of directors for setting up of an 30,000 TPA Chlorotoluenes Project at Dahej at an estimated cost of Rs 3.5 billion. This Project, when implemented, within 24 months from the commencement of engineering, would help the Company in consistently fulfilling the needs of its customers for … Read more
Tata Chemicals Europe (TCE) has opened what is described as the UK’s first and largest industrial scale carbon capture and usage plant. The Northwich-based producer of sodium carbonate, salt and sodium bicarbonate has invested nearly £20 million in the project which was also supported by a £4.2 million BEIS grant. The plant is predicted to … Read more
ChemOne Group announced that it expects to start construction of its $4.4 billion Pengerang Energy Complex (PEC) in Malaysia in the fourth quarter of 2022. The new complex at the Pengerang Integrated Petroleum Complex (PIPC) in southern Johor is expected to be operational in 2026, the company said in a statement. The project will be … Read more
Petronas Chemicals Group Berhad (PCG) signed an agreement with BASF Petronas Chemicals Sdn Bhd (BPC) to acquire Maleic Anhydride (MAn) plant located in Gebeng, Kuantan. BASF Petronas Chemicals Sdn Bhd (BPC) is PCG’s joint venture (JV) with BASF. The capacity of the said Maleic Anhydride (MAn) plant is 113 kilo-tonnes per annum (ktpa). The MAn … Read more
Enterprise Products has disclosed that it is considering building a $5 billion ethylene cracker on the US Gulf Coast. The proposed cracker would have the capacity to produce 2 million tons of ethylene per year, Enterprise said, making it one of the largest in the world. Currently, Enterprise is considering the projects but has not … Read more
LG Chem announced its plan to produce hydrogen as a key component of its long-term 2050 Net Zero corporate sustainability goal. Aligned with this goal, South Korea’s largest chemical company said it would establish a plant in Daesan, Korea, with the capacity to produce 50,000 tons of hydrogen annually by the second quarter in 2024. … Read more
INEOS Acetyls has started a feasibility study into a world scale Acetic Acid plant and derivatives on the USA gulf coast (USGC) and is reviewing several high-quality locations. David Brooks, CEO INEOS Acetyls said “The gulf coast is a location well known to the INEOS group where we already have a significant presence. With its … Read more
INEOS Phenol has launched its first bio-attributed product line for phenol, acetone alphamethylstyrene (AMS). These products, made without using fossil fuels as feedstock, are to be sold under the INVIRIDISTM brand. They represent innovation in the global phenol market and offer a more climate-friendly and sustainable alternative to existing phenol, acetone, or AMS. Manufactured at … Read more
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen … Read more
ICL, a leading global specialty minerals company, announced it has signed a long-term agreement with India Potash Limited (IPL) to supply Polysulphate through 2026, with a renewal option. The five-year term is for an aggregate amount of 1 million metric tons, with quantities increasing for each year of the agreement. Each shipment will be a … Read more
Air Products announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India. The new industrial gas complex will aid IOCL’s capacity … Read more