Hyundai Chemical Company, Ltd. has chosen Univation Technologies’ UNIPOL PE Technology for a 300 kTA high-density polyethylene (HDPE) plant to be located at Hyundai’s site in Daesan, Republic of Korea. Hyundai will utilize a broad range of Univation’s HDPE product
Uzbekistan to Build a New Petrochemical Plant based on MTO Technology
The Uzbekistan Energy Ministry and a group of investors including Uzbekneftegaz, Uzkimyosanoat, Air Products & Chemicals Inc. and Enter Engineering announced on 16th of May that they have signed a Project Development Agreement (PDA) to build a new petrochemical plant based
GAIL India to Invest $1.2 Billion to Build Polypropylene complex
GAIL (India) approved the revival of the existing LPG plant in Usar, Maharashtra and converting it into polypropylene (PP) complex. The planned capacity of the PP complex is 500,000 metric tonnes per annum and will be built with an estimated investment
Petronas Chemicals to Acquire Da Vinci Group
Petronas Chemicals Group Berhad (PCG) has announced on Thursday that it has entered into a Sale and Purchase Agreement (SPA) to acquire 100% of Da Vinci from its shareholders for $163 million (about RM 760.6 million). Da Vinci’s shareholders include
Indorama Launches Recycled PET Business Branded DEJA
Indorama Ventures Public Company Limited (IVL), a global chemical producer, launched new 100% rPET (recycled PET) brand DEJA as part of its continuous commitment to deliver responsible and sustainable growth. DEJA, 100% rPET products are derived by recycling 140 kilo
India’s SRF Sells Engineering Plastics Business to DSM for $45 million
Chemicals manufacturer SRF Ltd has signed an agreement to sell its engineering plastics business to DSM’s Indian subsidiary DSM Pvt Ltd for $45 million. Subject to the relevant conditions, the deal is expected to close in six months, SRF said
DIC Acquires Mid-Tier Coating Resins Manufacturer in India
DIC Corporation announced that it has acquired mid-tier Indian resins manufacturer Ideal Chemi Plast Pvt. Ltd on April. 27, 2019. The details on the transaction were not disclosed. Ideal Chemi Plast produces and sells acrylic, alkyd, polyester and other resins
Clariant-Wuxi Xiyuan to Provide Formaldehyde Tech to Chinese Cos
Clariant today announced that it will be collaborating with its engineering partner, Wuxi Xiyuan, in two new projects to supply their joint formaldehyde production technology. The new contracts, awarded by Shandong Yushiju Chemical and Shandong Sunny Wealth New Materials, will
Arkema to Build World-Scale Biosourced Polyamide Production Plant in Singapore
Arkema to build its new world-scale plant dedicated to the manufacture of the amino 11 monomer and its flagship Rilsan polyamide 11 resins at the Jurong Island in Singapore. With this 50% increase in its global capacities announced in July
Linde Starts New ASU at Samsung’s Display Complex, South Korea
Linde announced on Thursday that it has started up a new air separation unit to supply 700 tons-per-day of gaseous nitrogen to support Samsung in Tangjeong, South Korea. This is the company’s fourth air separation plant at the facility. Linde’s
Alliance Mineral Assets of Australia Forms Lithium Hydroxide JV with Jiangte
West Australian lithium miner Alliance Mineral Assets signed a memorandum of understanding with Jiangxi Special Electric Motor Co. Ltd (Jiangte) to form a joint venture which would produce and sell the battery grade lithium hydroxide. Under the MoU, the parties
Nippon Paint Acquires Betek Boya of Turkey
Nippon Paint Holdings Co. acquired Turkish paint manufacturer Betek Boya on Friday. An agreement was signed for the transfer of shares in Betek Boya and its subsidiaries. Betek Boya, well known in Turkey for its Filli Boya brand of paint,
Haldia Petrochem to Invest $9 billion to Set Up 12 MTPA Refinery in South India
Haldia Petrochemicals (HPL), one of the largest refiner in India, is planning to invest Rs 62,714 crore ($9 billion) in setting up a 12 Million Tonne Per Annum (MTPA) refinery-cum-petrochemical complex near Kakinada, in the state of Andhra Pradesh. The
WACKER and Oriental Yuhong Launched a Joint Lab Project
A joint lab project between Wacker Chemie AG and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. was officially launched in Beijing on Thursday, aiming to further strengthen the upstream-downstream cooperation in the waterproof coatings industry. With the joint labs set
Nippon Paint to Acquire DuluxGroup for $2.7 Billion
Nippon Paint Holdings Co. will acquire major Australian paint company, DuluxGroup Ltd. for 300.5 billion yen ($ 2.7 billion) to strengthen its foothold in the overseas market, the two companies announced on Wednesday. The leading manufacturer of paint and coating
Nouryon Completes Organic Peroxides Expansion in India
Nouryon has completed a €4 million ($4.5 m) expansion at Mahad, India which will increase organic peroxides production capacity at the site by 80 percent. The increased capacity will support growing customer demand in India and the Middle East for
Deepak Fertilizers Starts-up New Nitric Acid Production Complex in India
Deepak Fertilizers announced the start of commercial output of nitric acid at its production complex at Dahej, Gujarat. The new facility, with project cost of approximately $79 million, has production capacity of around 92,000 tonne per annum for concentrated nitric
Saudi Aramco in Talks to Acquire 25% stake in Reliance Refining, Petrochemicals
Saudi Aramco, the world’s largest crude oil producer and refiner, is in serious discussions to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, as stated in local news report. The agreement on valuation could
CNPC’s $1.3-billion Ethane Cracker Construction Starts in Xinjiang
CNPC and the Chinese regional government of Xinjiang performed the ground breaking ceremony for the first ethane cracker project in the region on Thursday. The cracker, which will be built with an investment of 9 billion yuan ($1.3 billion) by
Axens to offer Tech to HPCL Rajasthan Refinery in India
Axens to supply several advanced technologies for its state-of-the-art 9 MTPA integrated refinery and petrochemical complex of HPCL to be set in Pachpadra Tehsil of Barmer District of Rajasthan, the engineering firm announced on Monday. As part of the project,