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 aims to close the deal by mid – August to purchase DuluxGroup, which has the … Read more
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 organic peroxides, essential in the manufacture of polymer-based products such as athletic shoe soles, wind … Read more
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 acid and around 14,9000 tonne/annum for diluted nitric acid, the company said. This new facility … Read more
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 be reached around June, the Indian newspaper reported, citing people with knowledge of the development. … Read more
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 China National Petroleum Corp (CNPC), China’s leading oil and gas corporation, is the largest investment … Read more
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, Axens will provide the following technologies: – a naphtha hydrotreating unit (NHT) – a semi-regenerative … Read more
Evonik announced on Monday that the company is commissioning a new plant initially for the production of KALCATTM and in the long-term also Metalyst Activated Metal Catalysts at its Catalyst’s manufacturing site in Dombivli, India. This new state of the art production facility allows Evonik to fully utilize its capacities in Dombivli while establishing significant … Read more
Dow signed an agreement on Tuesday with PETRONAS Chemicals Glycols to collaborate on a carbon project at PETRONAS’ world-scale ethylene oxide (“EO”) production facility in support of the Official Carbon Partnership between Dow and the International Olympic Committee (IOC). Together, Dow and PETRONAS Chemicals Glycols are committed to reducing greenhouse gas emissions from the operations … Read more
Praj Industries announced its collaboration with Gevo, Inc, USA to offer technology for production of high energy renewable aviation jet fuels. The company signed a construction license agreement (CLA) with Gevo, Inc, USA dated 4 April 2019, to commercialize technology for the production of Isobutanol using sugar-based feedstocks, such as juice, syrup and molasses. According … Read more
ExxonMobil said today that it has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates. ExxonMobil invests in Singapore integrated complex to upgrade product slate to higher-value lube base stocks, distillates … Read more
Pollution Control Board of Indian state Gujarat has ordered chemicals manufacturer SRF Ltd to shut down its Dahej unit. The board in its order stated that the company has violated the industrial waste disposal norms and installed a calcium chloride plant without regulatory approvals. On March 25, the state regulator inspected the industrial unit of … Read more
American specialty chemicals company Albemarle formally announced start of construction work on its new lithium hydroxide processing plant in Kemberton, Australia at an event last Thursday. The company will build the plant with a total investment of AUD$1 billion ($ 708.2 million). The Kemberton site will be Australia’s largest lithium processing facility when it becomes … Read more
BASF today officially launched its liaison office in Zhanjiang, Guangdong Province, marking another milestone in BASF’s efforts to implement a new integrated chemical production base. Located in Chikan District, downtown Zhanjiang, the new office is equipped with a range of BASF materials and solutions to create a comfortable and sustainable office environment. These include carpets … Read more
Wacker Chemie AG has opened a new laboratory for food applications in Shanghai. This specialized laboratory will enable Wacker to provide its customers in Asia with even better support in developing innovative, customized products in the fast-growing food market. The focus is on food ingredients, for example for egg-free baked goods, whipped toppings or functional … Read more
The Board of Directors of PhosAgro, one of the world’s leading producers of phosphate-based fertilizers, has approved the Company’s strategy to 2025. The strategy to 2025 aims to further expand PhosAgro’s presence in its priority domestic and premium export markets and strengthen its position as a producer of pure phosphate-based fertilizers with low levels of … Read more
On Monday, Tata Chemicals Limited (TCL), an Indian manufacturer of basic chemicals (Soda Ash, Sodium Bicarbonate) and consumer and specialty products, signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) for the transfer of lithium – ion cell technology from ISRO. ISRO’s Vikram Sarabhai Space Center (VSSC) has developed technology to manufacture … Read more
Royal DSM, a global science-based Nutrition, Health and Sustainable Living company, informed its stakeholders that it has completed the increase of its stake in Yantai Andre Pectin Co. Ltd. (Andre Pectin) to 75 percent. The first announcement of the increase was made on 4 February 2019. In 2013, DSM acquired a 29 percent stake in … Read more
Honeywell today announced that Jiangsu Sailboat Petrochemical Co., Ltd. will use the C3 Oleflex technology from Honeywell UOP to produce 700,000 tons of polymer-grade propylene per annum at its Lianyungang City facility in the Jiangsu Province of China. Jiangsu Sailboat will expand its existing facility to produce ethylene and propylene using the Honeywell UOP Methanol-to-olefins … Read more
Asahi Kasei will expand its Li-ion battery (LIB) separator manufacturing infrastructure with completion planned for the first half of fiscal 2021. The company is investing around $270 million on this project. LIB is a thin polyolefin microporous film placed between the cathode and the lithium – ion battery anode. It prevents contact between the electrodes … Read more
On Tuesday, the Indian state of Odisha accorded Haldia Petrochemicals Ltd’s (HPL) proposal to invest $ 4 billion to establish an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid (PTA) at Baliapal. The land for the project was identified near the upcoming port of Subarnarekha, which is being built by … Read more