Air Liquide to Build Biomethane Plant at Rockford, Illinois

Air Liquide S.A. continues its development of biomethane activities with the construction in the USA of its largest biomethane production unit in the world. This will bring the worldwide biomethane production capacity of the Group to 1.8 TWh. The new production unit in the State of Illinois will allow Air Liquide to keep providing low-carbon … Read more

India’s PI Industries Reports 15.1% YoY Net Profit Growth in Q3FY22

PI Industries Ltd., an agrochemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 3.05% to Rs 2.23 billion for the period ended December 31, 2021 as against net profit of Rs 2.29 billion for the previous quarter. Net sales grew … Read more

India’s Anupam Rasayan Acquires Stake in Tanfac Industries

Anupam Rasayan India Ltd’s board approved the acquisition of 24.96% stake in Tanfac Industries from Birla Group Holdings Private Limited and others for Rs 1.48 billion. “The board of directors has approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group Holdings Private … Read more

India’s Chemplast Sanmar Reports 48.1% YoY Net Profit Growth in Q3FY22

Chemplast Sanmar Ltd., a chloralkali manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 56.5% to Rs 2.37 billion for the period ended December 31, 2021 as against net profit of Rs 1.51 billion for the previous quarter. Net sales decreased … Read more

Honeywell Partners with India’s Navin Fluorine to Produce Hydrofluoroolefins

Honeywell and Navin Fluorine International Limited, part of the Padmanabh Mafatlal Group, announced a partnership to manufacture Honeywell’s proprietary Solstice range of hydrofluoroolefins (HFO) in India. Production is scheduled to commence by Q2-2022 at NFIL’s manufacturing facility in Gujarat. This portfolio of next generation products has no ozone depletion potential and a global warming potential … Read more

India’s Pidilite Reports 19.5% Decline in YoY Net Profit for Q3FY22

Pidilite Ltd., a specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 4.27% to Rs 3.59 billion for the period ended December 31, 2021 as against net profit of Rs 3.75 billion for the previous quarter. Net sales increased … Read more

India’s SRF Reports 32.2% YoY Net Profit Growth in Q3FY22

SRF Ltd., an industrial and specialty intermediates manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 32.2% to Rs 5.05 billion for the period ended December 31, 2021 as against net profit of Rs 3.82 billion for the previous quarter. Net … Read more

India’s DCM Shriram Reports 38.4% YoY Net Profit Growth in Q3FY22

DCM Shriram Ltd., a chloralkali manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 121.4% to Rs 3.49 billion for the period ended December 31, 2021 as against net profit of Rs 1.57 billion for the previous quarter. Net sales increased … Read more

BPCL Sets Up Superabsorbent Polymer Demonstration Plant at Kochi, India

Bharat Petroleum Corporation Ltd (BPCL) has set up a superabsorbent polymer (SAP) technology demonstration plant of 200 tonnes per annum at the Kochi Refinery. The plant was inaugurated by BPCL’s executive director in-charge (refineries) Sanjay Khanna, in the presence of other officials. Using the in-house acrylic acid as feedstock, SAP technology is used in various … Read more

BASF to Expand Nylon-6,6 Output in Germany

BASF decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. The new plant is set to increase BASF’s annual HMD production capacity to 260,000 metric tons. Production is expected to start in 2024. Furthermore, BASF will expand its polyamide 6.6 (Nylon-6,6) production in Freiburg, Germany starting 2022. The planned investments will further … Read more

Eastman to Invest $1B in Chemical Recycling Plant in France

Eastman Board Chair and CEO Mark Costa, French President Emmanuel Macron jointly announced Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The … Read more

Covestro Awards Maire Tecnimont $287M Contract to Build Aniline Plant in Belgium

Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has been awarded an Engineering, Procurement and Construction (EPC) contract by Covestro for a new aniline plant in Antwerp, Belgium. Covestro is one of the world’s leading polymer companies, focusing on the manufacturing of high-tech polymer materials and the development of innovative, sustainable solutions for products … Read more

Perstorp Acquires DMPA from GEO Specialty Chemicals

Perstorp has acquired GEO’s Di-Methylolpropionic Acid (DMPA) business, further emphasizing its commitment as the sustainable specialty solution provider within the resins and coatings segment. This acquisition further accentuates the company’s strategic presence in Polyurethane and Alkyds dispersions – a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition significantly bolsters … Read more

Hydrogen Optimized Signs Agreement for its Water Electrolyzer Technology

Hydrogen Optimized, a subsidiary of Key DH Technologies Inc., announced that it has entered into a confidential Letter of Intent (LOI) with a large industrial company to provide more than 40 MW of RuggedCell water electrolyser capacity for hydrogen production. The LOI provides for high current unipolar RuggedCell systems to be deployed at one or … Read more

Hyundai Engineering Awarded Indonesian LINE Project Worth $757 Million

Hyundai Engineering announced that it has won the Indonesia LINE project worth US$757 million. The company will build a naphtha cracking center (NCC) for the LINE complex, a super-large petrochemical complex being promoted in the Cilegon area 90 kilometers northwest of Jakarta, the capital of Indonesia. Meanwhile, Hyundai Engineering is making a big change in … Read more

INEOS Subsidiary Completes Acquisition of Charter Plastics’ Assets

WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets. The Titusville … Read more

India’s Adani Enterprises forms Adani New Industries for Hydrogen and Clean Energy

Adani Enterprises Limited (ARL) has incorporated a wholly owned subsidiary, Adani New Industries Limited (ANIL), on 30th December, 2021, with an initial authorized and paid-up share capital of Rs 100,000. The new subsidiary will undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals, generation of low carbon electricity, … Read more

Röhm Expands PMMA Molding Compounds Capacity in China

Röhm, a Germany-based methacrylate chemicals supplier is expanding its production plant for PLEXIGLAS (polymethyl methacrylate) molding compounds in Shanghai. The expanded molding compounds plant will go into operation in the second quarter of 2023. Polymethyl methacrylate (PMMA) molding compounds are sold in the US under the brand name ACRYLITE. Recently, the company has announced the … Read more