Linde India said that its board has approved the proposal for setting-up of a 250 tonnes per day (TPD) merchant air separation unit at Dahej, Gujarat, to secure growth in the gases business in Western markets and deliver cost savings. The board has approved a capital expenditure of Rs 138.6 crores ($18.7 million) towards the … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024. The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD China has signed an agreement to acquire Aquatech Speciality International Trading Co., Ltd. and Aquatech Speciality Trading Co., Ltd. in China. Since its establishment in 2004, Aquatech has been active in waterborne solutions in coatings, ink, and textile industries. Aquatech generated … Read more
Hexion Holdings Corporation today announced its plan to separate into two independent companies through an IPO and spinoff of its epoxy business. The two companies will be Hexion Holdings, composed of the Company’s Adhesives and Versatic Acids and Derivatives product lines, and Hexion Coatings and Composites (US) Inc. (HCC), composed of Hexion Holdings’ former epoxy-based … Read more
Covestro announced on Tuesday that it will proceed with work on a world-scale methylene diphenyl diisocyanate (MDI) plant after suspending plans to build a unit in the US in early 2020. The company had announced in January 2020 that it would halt work on its planned 500,000 tonne per year MDI plant at its Baytown, … Read more
BASF SE said Monday that its site under construction in southern China is expected to deliver annual sales of €4 billion to €5 billion ($4.69 billion to $5.86 billion) by 2030. The German chemicals company said it is targeting a contribution in earnings before interest, taxes, depreciation, and amortization of €1.0 billion to €1.2 billion … Read more
DL Chemical Co., South Korea’s leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion, taking a step closer to its goal of becoming one of the world’s top 20 chemicals companies. DL Chemical, formerly known as Daelim Industrial Co., has signed a definitive agreement to buy 100% of the US-listed company … Read more
Anupam Rasayan India Ltd, India’s leading custom synthesis & speciality chemical player, has signed Letter of Intent (LOI) worth Rs 145 crores ($19.6 million) with existing long-term European multinational supplier of new life science related active ingredients. The company will enter into a long-term contract for next three years to supply this life science related … Read more
Manali Petrochemical Ltd (MPL) and Econic Technologies have entered into a Memorandum of Understanding (MoU) for introducing a more environment friendly, CO2 containing polyols, into the $28 billion global polyols market. MPL has signed a MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured … Read more
CSIR-National Chemical Laboratory (CSIR-NCL), Pune jointly with Reliance Industries Ltd (RIL) and several other companies from Pune pooled their expertise to manufacture moulded plastic components from COVID-19 PPE waste. The undertaken pilot project has the potential to scale up and replicate throughout the country to convert PPE waste into useful and safe products, claimed the … Read more
Celanese Corporation, a global chemical and specialty materials company, confirmed a declaration of force majeure in China for the following Acetyl Chain products manufactured at its Nanjing, China facility: Acetic Anhydride Vinyl Acetate Monomer (VAM) Vinyl Acetate Emulsions Redispersible Powders The Company has temporarily shut down acetic anhydride and VAM production in Nanjing to comply … Read more
Transpek Industry Ltd has announced that the Board of Directors of the company had, at its meeting held on September 22, 2021, approved the appointment of Avtar Singh as a Whole-time Director of the Company designated as Joint Managing Director. The appointment is for a period of 5 years with effect from October 1, 2021. … Read more
Lummus Technology announced it has been awarded a technology contract by Zhangzhou CHIMEI Chemical Co., a subsidiary of CHIMEI Corp. of Taiwan, for a grassroots diphenyl carbonate (DPC) plant in Fujian Province, China. Zhangzhou CHIMEI will build a new polycarbonate (PC) production plant that leverages the Versalis DPC technology licensed by Lummus. The plant will … Read more
INEOS Grangemouth has announced investment of over £1 billion ($1.37 billion) towards reducing greenhouse gas emissions at its site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005. INEOS has already committed over £500 million ($684.2 million) spend on projects which are … Read more
Origin Materials, Inc., the world’s leading carbon negative materials company, announced it has joined the Alliance to End Plastic Waste, a global non-profit organization. Members of the Alliance include industry leaders across the plastics value chain, working towards a common goal of developing, deploying and scaling solutions to end plastic waste in the environment. As … Read more
Huntsman Corp. announced that its Performance Products division has completed the initial phases of a project to expand and widen its portfolio of E-GRADE specialty amines at its Conroe, Texas facility. These specialty amines also include quaternary amine alternatives to tetramethylammonium hydrox-ide (TMAH) and related products. The new facility is expected to be completed and … Read more
L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro bagged two orders in the construction services segment – one each from GAIL India and Air Products Middle East Industrial Gases. According L&T’s classification, the value of the said contracts lies between Rs 1,000 crores ($135.9 million) to Rs 2,500 crores ($339.7 million). … Read more
Hindalco’s Utkal Alumina refinery expansion was inaugurated on Sunday at Kashipur in Rayagada district, Odisha, India. The plant’s expansion will improve the refinery’s annual capacity by 0.5 MMT/yr to 2 MMT/yr alumina production. Situated at the tribal hinterland of Odisha, the expansion unit is built with an investment of Rs 1500 crores ($203.7 million). According … Read more
India’s gas importer Petronet LNG is planning to set up an LNG import facility at Gopalpur port in the state Odisha, India, as it looks to foray into the petrochemical business. In the latest annual report, the company said that the new floating import terminal will be used to meet the growing gas demand in … Read more