China’s CNCEC joins Aeon methanol project in Russia

The China National Chemical Engineering Corporation (CNCEC) has recently partnered with Aeon Corporation, led by Russian billionaire Roman Trotsenko, to construct a methanol plant in Volgograd. This joint venture, marked by the signing of an engineering, procurement, and construction contract, was announced during the St. Petersburg International Economic Forum. The project holds significant importance for … Read more

Yara, Cepsa partner for clean ammonia at San Roque Hydrogen Hub

Yara and Cepsa have agreed on a strategic partnership to set up the first clean hydrogen maritime corridor between the ports of Algeciras and Rotterdam for the decarbonization of European industry and maritime transport. The partnership envisages Yara Clean Ammonia (YCA) supplying Cepsa with clean ammonia volumes, which will allow the energy company to get … Read more

PCG to Produce Maleic Anhydride in Kuantan by Second Half 2025

PETRONAS Chemicals Group Berhad (PCG) has reached the final investment decision (FID) to fully acquire the 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) plant located in Gebeng, Kuantan from BASF PETRONAS Chemicals Sdn. Bhd. (BPC). The plant will broaden PCG’s product portfolio and its derivatives to further strengthen PCG’s derivatives product offerings. The FID … Read more

Anupam Rasayan signs $265 Mn worth LoI with Japanese Firm

Anupam Rasayan, a prominent player in custom synthesis and specialty chemicals in India, has recently signed a Letter of Intent (LOI) with a leading Japanese specialty chemical company. The agreement entails a projected revenue of $265 million (Rs 21.86 billion) over the course of the next five years. The purpose of this partnership is to … Read more

Bain Capital Private Equity to acquire Porus Labs

Bain Capital Private Equity, a leading global private investment firm, announced the acquisition of Porus Labs, a leading manufacturer of agricultural and specialty chemicals. Bain Capital’s resources and industry experience will enable Porus Labs to unlock significant growth through investments in talent, business development, capacity expansion, process engineering, and developing or acquiring distinctive chemical capabilities. … Read more

Toray is set to increase the capacity of BOPP films in Japan

Toray Industries, Inc., announced that it will again increase production capacity for Torayfan biaxially oriented polypropylene (BOPP) film at the Tsuchiura Plant in Ibaraki Prefecture. The move is part of ongoing efforts to meet the growing demand for automotive capacitor film in an expanding market for electrified vehicles. When they go online in 2025, the … Read more

Johnson Matthey to provide tech for the world’s largest butanediol plant

Johnson Matthey, a global leader in sustainable technologies, is set to supply Fujian Zhongjing Petrochemical Group with the latest butanediol (BDO) technology. This technology is essential for the production of bio-degradable plastics (PBAT), as China intensifies its efforts to eliminate single-use plastics and combat pollution. The construction of three BDO plants will take place in … Read more

India’s ONGC to invest Rs 1 trillion to become net zero by 2038

Oil Natural Gas Commission (ONGC) will become Net-Zero by 2038 and invest Rs 1 trillion ($12.1 billion) by 2030 on energy transition projects to reduce carbon emissions, Arun Kumar Singh, Chairman & CEO, ONGC announced during an interaction with the journalists in Mumbai on 29 May 2023. By doing so, the Energy Maharatna will prepare … Read more

LG Chem breaks ground for 4th Carbon Nanotube plant in South Korea

LG Chem Ltd., South Korea’s leading chemicals company, has recently commenced the construction of its fourth carbon nanotube (CNT) plant in the country. The new facility, named CNT 4, will be located in LG Chem’s Daesan complex, situated in Seosan, approximately 83 kilometers away from Seoul. This expansion aims to significantly increase the production capacity … Read more

Sinopec signs agreement with Kazakhstan for polyethylene project

China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi’an, China. The agreement, signed during Kazakh President Kassym-Jomart Tokayev’s visit to China, marks that Sinopec will participate … Read more

Air Products Invests $1 Billion in Uzbekistan’s Natural Gas-to-Syngas Facility

Air Products, a leading industrial gas giant, has recently signed a significant $1 billion investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (UNG). The agreement entails the acquisition, ownership, and operation of a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan. This move highlights Air Products’ commitment to expanding its … Read more

IOCL Selects McDermott to Develop Mega-Scale Maleic Anhydride Plant

McDermott, a global leader in engineering and construction services, has been awarded a significant project management consultancy (PMC) contract by India Oil Corporation Limited (IOCL). The contract entails the development of the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, situated approximately 62 miles (100 kilometers) from New Delhi, India. Scope of … Read more

India’s GHCL to Invest Rs. 65 Billion in Soda Ash Plant Expansion

GHCL Ltd, one of the largest soda ash and industrial salt manufacturers in India, is planning to invest Rs. 65 billion to establish a one-million-tonne soda ash plant in Kutch, Gujarat, over a period of six years. With this investment, the company aims to nearly double its production capacity, targeting a 30% market share in … Read more

India’s TANFAC Industries receives approval for HF Plant expansion

TANFAC Industries Limited has obtained the necessary approval from the Tamil Nadu Pollution Control Board to proceed with the proposed expansion of their Hydrofluoric Acid Plant in Cuddalore. The expansion will increase the plant’s capacity by 14,850 MT, with an estimated project cost of Rs 1 billion. This will help the Company to complete the … Read more

Covestro launches new TPU series for automotive and wind sectors

German materials manufacturer Covestro inaugurated a new production line for high-performance Thermoplastic Polyurethanes (TPUs) that will be used for the production of paint protection films (PPF). The new line is located at the company’s existing site in Changhua, Taiwan. The investment and the expansion of its production capacities for high-performance Thermoplastic Polyurethanes at the site … Read more

IMCD to acquire Euro Chemo-Pharma to expand Specialty distribution in Malaysia

IMCD N.V., a leading distributor, formulator, and solutions provider of speciality chemicals and ingredients, announced that IMCD has signed an agreement to acquire 100% of the shares of the speciality distribution company, Euro Chemo-Pharma Sdn Bhd and its wholly owned subsidiary, Biofresh Green Sdn Bhd. Euro Chemo-Pharma was founded in Malaysia in 1975, offering a … Read more

India’s BPCL to Invest Rs 490 Billion in Ethylene Cracker

Bharat Petroleum Corporation (BPCL) has recently obtained approval from its board of directors for a significant undertaking known as the Ethylene Cracker Project. Ethylene Cracker Project at Bina Refinery This ambitious project encompasses the establishment of downstream petrochemical plants and the expansion of the Bina Refinery in Madhya Pradesh State. With a projected capital expenditure … Read more

Graforce, Worley Partner to Scale Plasmalysis for Clean Hydrogen Production

Graforce, a German hydrogen technology company, and Worley, a leading global engineering and project delivery business, are collaborating to scale methane electrolysis using plasmalysis technology. Plasmalysis is a breakthrough technology that converts hydrocarbons like natural gas, LNG, and flare gas into hydrogen without emitting CO2 or other greenhouse gases into the atmosphere. This allows gas … Read more

BASF to Invest in Lithium-ion Battery Anode Binder Production

BASF has announced an investment in the production of water-based anode binders to support the lithium-ion battery industry. The new binders will be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants will produce two innovative anode binders: Licity® and Basonal Power® based … Read more

Allkem and Livent Merge to Form World’s Third-Largest Lithium Miner

Allkem and Livent, two lithium companies, are set to merge and form the world’s third-largest miner of lithium, a key metal used in batteries that power electric vehicles and high-tech devices. This all-share merger creates a new company with a valuation of US$10.6 billion and a projected production capacity of 248,000 tonnes of lithium carbonate … Read more