Reliance Industries (RIL) and US-based Chart Industries are leading a new coalition focussed on commercialising hydrogen technologies and systems to build net-zero carbon pathways in India. The alliance will work together to build the hydrogen economy and supply-chain here and also help develop blue and green hydrogen production and storage apart from building hydrogen-use industrial … Read more
SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heavyweight Kolon Industries Inc. from the third quarter of this year. SK Global Chemical and Kolon Industries have signed a strategic partnership on 7th April to produce polybuthylene adipate-co-terephthalate (PBAT) plastic, according to the two … Read more
ICL, a leading global specialty minerals and specialty chemicals company, said it signed a contract with Indian Potash Limited (IPL), India’s largest importer of potash, to supply an aggregate 600,000 metric tons of potash – with mutual options for an additional 50,000 metric tons – to be supplied through December 2021. The company added that … Read more
China has approved merger of Sinochem Group and ChemChina Group, according to the country’s top state assets regulator. Sinochem Group and ChemChina Group have received approval to implement joint restructuring, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said late Wednesday in a statement on its website. The two companies will … Read more
Tamilnadu Petroproducts Ltd (TPL) plans to increase the capacity of its linear alkyl benzene (LAB) and caustic soda plants and set up a new propylene recovery unit (PRU) at its complex at Manali in southern Tamil Nadu state as part its expansion plans, it said. The expansion project is estimated to cost around Indian Rupees … Read more
India has levied anti-dumping duties on bottle grade Polyethylene Terephthalate (PET) resin imports originating in or exported from China for 5 years. Bottle grade PET imports from China increased from 88,000 metric tonne in FY18 to 147,600 MT in FY19, a 67% rise, while imports from other countries declined, as per govt data. The Directorate … Read more
Honeywell International, Inc. announced that Lotte GS Chemical Corp. will use Honeywell UOP Q-Max, Phenol 3G, and Evonik MSHP technologies to produce more than 565,000 metric tons per year of phenol and acetone at its petrochemicals facility in Yeosu, Korea. UOP is providing a license for the technology, in addition to basic engineering design services, … Read more
PTT Global Chemical Public Company Limited’s (GC) Chief Executive Officer, Dr. Kongkrapan Intarajang, has informed the Stock Exchange of Thailand (SET) on GC’s proposed acquisition of minority shares of Vinythai Public Company Limited (VNT) through a delisting tender offer. Through this acquisition, GC aims to strengthen its tie with downstream chemicals business that is essential … Read more
Axalta announced that it has acquired Anhui Shengran Insulating Materials Co., Ltd., a leading Chinese producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Financial terms have not been … Read more
SK Global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK Global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid (EAA), a high-end eco-friendly material used … Read more
Clariant AG and India Glycols Limited (IGL), a leading company in the manufacturing of green technology-based chemicals, announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives. Under the terms of the proposed agreement, India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture, which includes … Read more
Indian Oil Corporation Limited (IOCL) entered into a Memorandum of Understanding (MOU) with Odisha Industrial Infrastructure Development Corporation (IDCO) to develop Paradip Plastic Park. Under the MoU, to attract investments in downstream polymer industries at Paradip Plastic Park, IOCL announced a Special Strategic Incentives scheme. An incentive of Rs 2000/MT ($27.48/MT) on Polypropylene granules from … Read more
Hyundai Heavy Industries Holdings (HHIH) has signed a memorandum of understanding with Saudi Aramco on blue hydrogen and ammonia projects, Yonhap News Agency reported on March 4. As per the MOU, Hyundai Oilbank, the oil refinery unit of HHIH, will import LPG from Aramco to convert into blue hydrogen, which is hydrogen produced from fossil … Read more
Dow, Inc. signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub. Dow South China Specialties Hub is a multi-year project providing customers local access to Dow’s portfolio of high value products and innovative technologies. “Asia Pacific is the … Read more
Casale Technology announced that IFFCO (Indian Farmers Fertiliser Cooperative Limited) opted for Casale’s Solid Fertilizers technologies and expertise to debottleneck its two lines in Kandla, Gujarat. Under the term the agreement that was awarded early this year, Casale will study the modifications required to boost the output by 15% to25%, depending on the fertilizer grade … Read more
Indian Oil Corporation (IOC) is planning to set up a foodgrain-based, mega scale ethanol production facility each in Indian states of Telangana and Andhra Pradesh with an estimated total investment of ₹1,200 crore ($164.3 million). Spoilt and surplus foodgrain, sourced from the Food Corporation of India (FCI), will serve as feedstock to make ethanol, for … Read more
Rama Phosphates has commenced commercial production of Sulphuric Acid and its derivatives from the new manufacturing facility (Unit-2) at its existing factory premises at Indore with effect from February 23, 2021. With this capacity addition of 55,000 tons per annum (TPA) from Unit-2, the company’s overall annual production capacity of Sulphuric Acid would be 155,000 … Read more
India’s Reliance Industries Ltd. (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a $25 billion loan from the parent company. The wholly owned unit’s assets will be funded by the interest-bearing loan, which will be an “efficient mechanism to upstream cash, including any potential capital receipts,” in the … Read more
INOX Air Products (INOX AP) announced major plans to build eight new air separation units (ASUs) across India as part of a ₹2,000 crore ($276m) development that will double its liquid medical oxygen production. Marking India’s largest greenfield investment plan for the industrial gases sector, the ASUs will produce liquid oxygen, liquid nitrogen and liquid … Read more
Phillips Carbon Black Limited (PCBL) has commissioned two specialty black lines at Palej, in Gujarat. The two specialty black lines are for the production of a wide range of specialty black products totalling about 32,000 MTPA to service the growing needs of its customers. PCBL is India’s largest carbon black manufacturer having 4 plants at … Read more