Euclid Chemical, a leading manufacturer of concrete and masonry construction products, has announced the opening of a new admixture plant in Calgary, Alberta. This facility will enable the company to better serve its customers in the region by providing high-quality admixture solutions that meet their needs. Positioned in a prime location with access to nearby … Read more
Nippon Paint Holdings (NPHD) has officially received approval from its Board of Directors during the August 29, 2023 meeting for the acquisition of shares in two Indian-based paint manufacturers: Nippon Paint (India) Private Limited (NPI) and Berger Nippon Paint Automotive Coatings Private Limited (BNPA), collectively referred to as NPI and BNPA. The acquisition process involved … Read more
LG Chem is initiating the expansion of its business by increasing the capacity of the Cheongju plant, a production base for reverse osmosis (RO) membranes. On the 28th, the company announced that it would invest KRW 124.6 billion ($94 million) by July 2025 to expand its Cheongju plant by adding a facility capable of producing 400,000 … Read more
On August 28th, Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), announced that the company’s oil-to-chemicals business (O2C) will undergo a transformation towards becoming a sustainable, environmentally friendly, circular, and consumer-centric chemicals and materials enterprise. In response to certain shareholders who had voiced apprehensions about RIL’s refining division in light of the global shift … Read more
Covestro has completed construction on a new production facility for polyurethane dispersions (PUDs) in Shanghai, China. Once coming on stream in the first quarter of next year, the new capacity is expected to greatly address the rising demand for environmentally compatible coatings and adhesives in Asia Pacific, serving industries ranging from automotive, construction, and furniture … Read more
LyondellBasell (NYSE: LYB) announced that Jiangsu Fenghai High-Tech Materials Co., Ltd. (Jiangsu Fenghai) has selected the LyondellBasell Lupotech T high-pressure polyethylene technology for a new production site. The Lupotech T process technology will be used for a 200 kiloton per year (KTA) vinyl acetate copolymer (EVA) line. The new line will be located in Lianyungang, … Read more
Linde India has received a Letter of Acceptance from Indian Oil Corporation (IOCL) to establish an Air Separation Unit (ASU) within the Panipat Refinery Complex. The company intends to finance the capital expenditure using its own funds and internal accruals. “The company has been awarded a ‘Letter of Acceptance’ dated 22 August 2023 by Indian … Read more
DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions … Read more
Ningbo Ronbay New Energy Technology is set to invest a substantial CNY 2.6 billion (equivalent to $362 million) in the construction of two state-of-the-art battery materials factories in Chungju, South Korea. This ambitious move is aimed at meeting the growing demands of South Korea’s thriving battery industry and, more importantly, expanding Ronbay’s global presence. One … Read more
AM Green Ammonia (India) Private Limited, a subsidiary of the Greenko Group, is set to acquire the urea and micro-irrigation divisions of Nagarjuna Fertilizers and Chemicals Ltd (NFCL) through a slump sale transaction, as confirmed in their stock exchange filing. The deal is valued at Rs 1,700 crore (Rs 17 billion). “The slump sale of … Read more
Mitsui Chemicals, Inc. has unveiled its strategic initiative to amplify the production capacity of polyurethane dispersions (PUDs) in response to the escalating demand for sustainable mono-material food packaging solutions. This pronounced shift towards eco-friendly packaging aligns with the global emphasis on sustainability. The focal point of this expansion lies within the Shimizu Factory, a wholly … Read more
Adani Group, a prominent conglomerate in India, remains steadfast in its commitment to establishing a renewable hydrogen plant with an annual capacity of three million metric tons in Gujarat. “Adani Group still has plans to build a three million mt/year renewable hydrogen plant in Gujarat despite TotalEnergies putting its partnership on hold,” revealed CFO Robbie … Read more
BASF has finalized preparations to increase its production capacity for water-soluble dispersants, which are acrylic acid-based, at its Dilovasi, Turkey site. This investment aims to support BASF’s customers in the detergent, cleaning and chemical processing industry across Europe, the Middle East and Africa. The additional capacities are expected to be fully operational by the third … Read more
On Thursday, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced its plans to enhance Nitric Acid production capacity at its Dahej facility in Gujarat. The expansion project is projected to cost Rs 19.50 billion. The company’s Board of Directors has given the green light to establish a Weak Nitric Acid (WNA) plant, with a targeted … Read more
ICL, a leading global specialty minerals company, celebrated the groundbreaking of its battery materials manufacturing plant in St. Louis, which is expected to be the first large-scale lithium iron phosphate (LFP) facility in the U.S. The $400 million facility is planned to be operational by 2025 and will help meet growing demand from the energy … Read more
Mitsui Chemicals, Inc. announced that Polaris Chemicals, Inc., a subsidiary established in 2021, has begun production of biocatalysts used in the production of acrylamide. Acrylamide is a raw material for polyacrylamide, which is in turn used as a flocculant for wastewater treatment, a paper strengthening agent, and a crude oil recovery agent, among other applications. … Read more
Covestro has started production in its new plant for polyurethane elastomers systems at its integrated site in Shanghai, China. Groundbreaking for it had been announced in the summer of 2022. The investment is in the double-digit million Euro range. It is part of a series of investments in the Elastomers raw materials business the company … Read more
Saudi Arabia’s state-owned oil company Aramco reported a 38% drop in its net profit for the second quarter of 2023, as lower crude oil prices and weaker refining and chemicals margins weighed on its performance. The company posted a net income of $30.1 billion for the three months ended June 30, down from $48.4 billion … Read more
Bharat Heavy Electricals (BHEL) has signed a memorandum of understanding (MoU) with Greenstat Hydrogen India to explore future collaboration opportunities in green hydrogen and derivatives in the hydrogen value chain. BHEL in a statement said that the MoU is for “Potential Collaboration Opportunities in Green Hydrogen and Derivatives in the Hydrogen Value Chain. This MoU … Read more
In a significant boost to Gujarat’s chemical industry, four prominent industrial players have recently signed Memorandums of Understanding (MoUs) with the state government, marking a total investment of INR 14.01 billion. These investments are a part of the preparations for the upcoming Vibrant Gujarat Global Summit, set to take place in January 2024. The signed … Read more