Nexus Fuels, Shell Sign Supply Deal for Plastic Liquid Feedstock to Produce Chemicals

Nexus Fuels LLC (Nexus) and Shell announced a supply agreement, for 60,000 tonnes over four years, of pyrolysis liquid made from plastic waste, which is then converted into chemical products. Nexus, a leader in plastic waste molecular recycling, will supply fully circular, ISCC Plus-certified product from its plant in Atlanta. This enhanced collaboration follows a … Read more

Southern Petrochemicals Reports Rs 12.33 Cr Net Profit for Q2 FY20-21

Southern Petrochemicals Limited., a fertilizer manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit dropped 7.6% to Rs 12.33 crores for the period ended September 30, 2020 as against net profit of Rs 13.34 crores for the previous quarter. Net sales grew … Read more

GAIL’s Petrochemicals Segment QoQ Sales Grew 37.9% for Q2 FY20-21

GAIL Ltd., state-owned petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Petrochemicals Segment Q2 Results- QoQ The segment’s net profit grew to Rs 176.31 crores for the period ended September 30, 2020 as against net loss of Rs 154.43 crores for the previous quarter. Net sales increased … Read more

Grasim Sells Indo Gulf Fertilizers to Indorama for $355 Million

Grasim Industries has decided to sell its fertilizer business to Indorama Corporation for Rs 2649 crore ($355 million). The flagship company of Aditya Birla Group on Thursday approved the divestment of its fertilizer business, Indo Gulf Fertilizers (IGF), by way of a slump sale to Indorama India Pvt Ltd (IIP), a subsidiary of Indorama Corporation … Read more

ADNOC, ADQ Downstream Chemicals JV to Invest $5 Billion at Ruwais Derivatives Park

Abu Dhabi National Oil Company and industrial holding company ADQ are looking to collaborate on $5 billion worth of projects in the Ruwais Derivatives Park. The two companies signed a deal to form the JV in July to invest in chemical projects, with ADNOC holding a 60% equity stake and ADQ having the remaining 40%. … Read more

Oriental Energy of China Selects Honeywell’s UOP Technology for PDH Plant

Honeywell has announced Oriental Energy Company Ltd. will use Honeywell UOP’s C3 Oleflex™ technology for propane dehydrogenation to meet growing demand for the production of polymer-grade propylene. The Oleflex unit is scheduled to start up in Maoming, Guangdong in 2022. UOP will provide services, equipment, catalysts and adsorbents for the Maoming plant. The project marks … Read more

Reliance Petrochemicals Segment YoY Sales Decline 23% for Q2 FY20-21

Reliance Industries Ltd., one of the world’s largest petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Petrochemicals Segment Q2 Results- QoQ The segment’s earnings before interest and taxes (EBIT) grew 44.3% to Rs 4,895 crores for the period ended September 30, 2020 as against EBIT of Rs … Read more

BASF, Adnoc, Borealis, Adani put $4 Bn India Petchem Project on Hold due to COVID-19

BASF said on Thursday that its plans to build a petrochemicals complex in India worth up to $4 billion with partners had been put on hold due to the economic uncertainty caused by the pandemic. As part of four-party Memorandum of Understanding (MoU), signed on October 4, 2019, Abu Dhabi National Oil Company (ADNOC), Adani … Read more

Shell Plans to Shrink its Global Refining Footprint to Six Sites

Shell is planning a major restructuring as part of “a complete overhaul” to reduce greenhouse gas emissions to net zero by 2050. “The refining portfolio is expected to be transformed during the energy transition … into six high-value energy and chemical parks integrated with Chemicals,” Shell CEO Ben Van Beurden said. “This is expected to … Read more

Tata Chemicals Reports 65.2% Drop in YoY Net Profit for Q2 FY20-21

Tata Chemicals Ltd., India’s leading basic chemicals manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 78% to Rs 132.09 crores for the period ended September 30, 2020 as against net profit of Rs 74.15 crores for the previous quarter. Net sales increased 11% … Read more

Univar, PVS Chloralkali Announce New Hydrochloric Acid Agreement

Univar Solutions Inc. and PVS Chloralkali Inc., a wholly owned subsidiary of PVS Chemicals Inc. (PVS), announced a new agreement where PVS will transfer railcars located in Ohio, Illinois and Virginia and sourcing agreements for Hydrochloric Acid (HCL) to Univar Solutions. “This agreement further expands Univar Solutions’ large and robust network for its HCL business … Read more

West Virginia Methanol Announced $350 Million Investment for New Plant

West Virginia Methanol has selected a site in Pleasants County in northern West Virginia, USA for a $350 million methanol plant, Washington Times reported. The plant will produce 900 metric tons per day of high-purity methanol from natural gas in the Appalachian Basin. West Virginia Methanol, with headquarters in Charleston, West Virginia, is working on … Read more

Punjab Alkalies and Chemicals Reports Rs 3.4 Cr Net Profit in Q2 FY20-21

Punjab Alkalies and Chemicals Ltd. (PACL), a chlor-alkali manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 3.41 crores for the period ended September 30, 2020 as against net loss of Rs 3.32 crores for the previous quarter. … Read more

Arlanxeo Sells its Olefins Business in Canada to Mitsubishi Corporation

Arlanxeo Canada, a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), and Diamond Petrochemicals Canada, a subsidiary of Japan’s Mitsubishi, have announced the execution of an agreement between the companies, where Arlaxeo will sell its olefins business to Mitsubishi Corp. Arlanxeo’s olefins unit is located at the bio-industrial park Sarnia in Ontario, Canada and … Read more

Aramco, Adnoc Committed to India’s $44 Billion West Coast Refinery Project: IOC Chairman

Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) are still committed to investing in the planned $44 billion west coast refinery-cum-petrochemical project, the Chairman of India’s Indian Oil Corp (IOC) said on Thursday. Saudi Aramco’s talks to buy a 20% stake in Reliance Industries Ltd’s oil-to-chemical business for $15 billion, coupled with a crash … Read more

Goa Carbon Reports Rs 5.02 Cr Net Loss for Q2 FY20-21

Goa Carbon Ltd., a petroleum coke manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 5.07 crores ($0.69 million) for the … Read more

Monolith Materials to Invest $1B on a Large-Scale Carbon-Free Ammonia Plant

Monolith Materials announced it plans to use its proprietary process to produce approximately 275,000 metric tons per year of carbon-free anhydrous ammonia in the United States. The company will invest $1 billion to build the new ammonia plant. Current ammonia production practices account for approximately 1% of total global greenhouse gas emissions, or roughly the … Read more

Advanced Petrochemical adds Isopropanol (IPA) Capacity to JV with SK Gas

Saudi Arabia’s Advanced Petrochemical Company is planning to add a 70,000 tonnes per annum capacity Isopropanol (IPA) plant as part of its joint venture project in Jubail Industrial City, according to an Arab media report. In March, Advanced Petrochemical’s subsidiary, Advanced Global Investment Company (AGIC) has signed a shareholders’ agreement with SK Gas Petrochemical (SKGP), … Read more

LyondellBasell Buys $2-billion Stake in Sasol’s Lake Charles Base Chemicals Unit

LyondellBasell and Sasol Ltd. have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50% of Sasol’s Lake Charles base chemicals unit for a total consideration of $2 Billion. The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants … Read more

India’s NTPC Invites EoI from Chemical Companies

India’s state-owned power company National Thermal Power Corporation Limited (NTPC) has invited expression of interest (EoI) from chemical industry for setting up manufacturing facilities within its plant premises. NTPC has invited the EoI from Indian companies to build plants such as bulk chemicals – ammonia, urea, chloralkali, gypsum and gypsum products, geopolymer, etc – in … Read more