German chemical company BASF has started producing its first bio-based polyol, Sovermol®, at its Mangalore site in India. The product meets the increasing demand for eco-friendly solutions in various industries, such as New Energy Vehicles (NEV), windmills, flooring, and protective industrial coatings in the Asia Pacific region. The Sovermol production facility is operational after comprehensive … Read more
Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand. Aluminum Alkyls are used as co-catalysts for manufacturing polyolefins, synthetic rubber, pharmaceuticals, and other fine chemicals. “This investment supports Gulbrandsen’s commitment to meet the growing needs of our customers … Read more
The Momentive Performance Materials group (Momentive) announced a growth investment to build a new manufacturing facility in Rayong, Thailand. Breaking ground on what will be home to a new state-of-the-art facility, this new site will expand Momentive’s manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries including beauty and … Read more
Sumitomo Chemical India Limited recently faced an accident at their Bhavnagar site in Gujarat on February 24, 2023. Following this incident, the Gujarat Pollution Control Board (GPCB) issued an order on its website, instructing the company to restrict and close its operations at the Bhavnagar site. The GPCB has set certain conditions that the company … Read more
Gujarat Alkalies and Chemicals Limited (GACL), a leading player in the Indian chemical industry, has recently expanded its Caustic Soda Lye Plant at its Dahej Complex from 785 MTPD to 1310 MTPD in line with its growth plans. As a part of this expansion, a new 700 MTPD Caustic Evaporation Unit (CEU) has also been … Read more
Evonik, a global leader in silica manufacturing, has announced an investment in the expansion of its production plant for fumed aluminum oxide in Yokkaichi, Japan. The expansion, which is set to become operational in 2025, will be the company’s first alumina plant in Asia and will focus on the production of specialty solutions for lithium-ion … Read more
Kanoria Chemicals & Industries Limited (KCI) has performed Bhumi Puja for setting up a new Formaldehyde plant at the existing manufacturing facility at GIDC, Ankleshwar Gujarat on 23rd February 2023. The upcoming Formaldehyde plant will be with the latest Metal Oxide-based technology. This 300 TPD (tons per day) new capacity with superior technology will cater … Read more
Toray Industries, Inc. has announced its plan to establish a new research facility at its Nagoya Plant in Aichi Prefecture to accelerate its R&D efforts towards green transformation and advanced mobility. The new facility will integrate diverse elemental technologies from within and outside the Toray Group to develop materials using the concept of fusing green … Read more
Evonik, a global specialty chemicals company, has made a significant investment in Chinese battery specialist SuperC. SuperC is a leading innovator in using graphene materials to improve the range, robustness, charging speed, and service life of lithium-ion batteries, which can help overcome key limitations in electric vehicles and accelerate the transition to eco-friendly mobility. According … Read more
Sinomine Resources Group, a top Chinese provider of battery-grade lithium fluoride, has announced its plans to expand its resources by acquiring a majority stake in a lithium ore mine in Mongolia for $20 million. The deal entails Sinomine buying 51% of a universal recycling technology lithium ore project in Mongolia’s Tsagan Chuluut region from Lithium … Read more
The European Investment Bank (EIB), the bank of the European Union, has agreed to join the India Hydrogen Alliance (IH2A) with a commitment of €1 billion in funding. This agreement is subject to the approval of both the Indian government and the EIB. Support for Green Hydrogen Projects The European Investment Bank is the largest … Read more
Gujarat Fluorochemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The chemical company has reported a decrease in sales revenue by 3.11% in Q3 FY2023 as compared to Q2 FY2023. The sales revenue has decreased from Rs 14.8559 billion in Q2 … Read more
Deepak Nitrite Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The financials for Q3 of FY2023 show an increase in both Total Income and Net Profit when compared to Q2 of the same fiscal year. Revenue increased by 1.5% from 19.73 … Read more
LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant. The new plant is scheduled to start-up by the end of 2025. VAM is widely used for everyday products such as food packaging, solar panels, windscreens, polarizing … Read more
Balaji Amines Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 32.4% to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 925.69 million for the previous quarter. Net … Read more
Deepak Fertilisers and Petrochemicals Corporation Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.3% to Rs 2.49 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.71 billion for the … Read more
Berger Paints India Ltd, an Indian multinational paints and coatings manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.4% to Rs 2.01 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.19 billion for … Read more
Ion Exchange (India) has received a Letter of Award from Indian Oil Corporation (IOCL). The award is for the work of Water Treatment Plant for IOCL’s Panipat refinery capacity expansion project (P-25). This includes Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant. The contract also includes Operation and Maintenance for two years … Read more
Tata Chemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 37.7% to Rs 3.91 billion for the period ended Dec 31, 2022 as against net profit of Rs 6.28 billion for the previous quarter. Net … Read more
SRF Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit grew by 6.24% to Rs 5.11 billion for the period ended Dec 31, 2022 as against net profit of Rs 4.81 billion for the previous quarter. Net sales … Read more