BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana. With this third step of its multiphase capacity expansion, BASF will increase production capacity to 600,000 metric tons per year by the middle of the decade and support the … Read more
Meghmani Finechem Limited (MFL) announced its successful commissioning of Chlorinated Polyvinyl Chloride Resin (CPVC Resin) Plant at Dahej in Gujarat. The newly-commissioned facility with a production capacity of 30,000 tonnes per annum (TPA) is the largest of its kind in India. Despite a challenging external environment, the plant has been commissioned on time and without … Read more
Goa Carbon Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company reported 4.7% decline in net profit to Rs 144.8 million for the period ended June 30, 2022 as against net profit of Rs 151.9 million for the previous quarter. Net … Read more
Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon black solutions, has announced the formal adoption of a Green Finance Framework. The framework outlines the criteria and provides guidelines for Birla Carbon to finance eligible Green Projects through Green Loans or Bonds. This move comes in continuation of the business’ decarbonization drive … Read more
Gujarat Alkalies and Chemicals (GACL) entered into an agreement with NTPC RE to mutually explore the opportunities for setting up India’s first commercial-scale green ammonia and green methanol project. NTPC REL (NTPC Renewable Energy) is a subsidiary of state-run power Genco NTPC, while GACL, a Gujarat government PSU, is engaged in the production of industrial … Read more
Thyssenkrupp nucera AG & Co. KGa will provide a license and supply its own equipment for plans to expand the caustic soda plant for Kutch Chemical Industries in Padan, Gujarat, India. The current plant has been operating since 2020 and consists of five electrolyzers with its own technology thyssenkrupp nucera BM Single Element. Due to … Read more
Indorama Ventures (IVL) has signed a license agreement with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group, to build, own and operate a propylene oxide (PO), t-Butanol (TBA) and t-Butyl methyl ether (MTBE) co-production unit. Featuring the world’s only MTBE ‘single-step’ reaction technology, IVL’s proprietary innovation, the project is part of … Read more
Gujarat Alkalies and Chemicals has received approval from board of directors for setting up of an 30,000 TPA Chlorotoluenes Project at Dahej at an estimated cost of Rs 3.5 billion. This Project, when implemented, within 24 months from the commencement of engineering, would help the Company in consistently fulfilling the needs of its customers for … Read more
ChemOne Group announced that it expects to start construction of its $4.4 billion Pengerang Energy Complex (PEC) in Malaysia in the fourth quarter of 2022. The new complex at the Pengerang Integrated Petroleum Complex (PIPC) in southern Johor is expected to be operational in 2026, the company said in a statement. The project will be … Read more
Petronas Chemicals Group Berhad (PCG) signed an agreement with BASF Petronas Chemicals Sdn Bhd (BPC) to acquire Maleic Anhydride (MAn) plant located in Gebeng, Kuantan. BASF Petronas Chemicals Sdn Bhd (BPC) is PCG’s joint venture (JV) with BASF. The capacity of the said Maleic Anhydride (MAn) plant is 113 kilo-tonnes per annum (ktpa). The MAn … Read more
Enterprise Products has disclosed that it is considering building a $5 billion ethylene cracker on the US Gulf Coast. The proposed cracker would have the capacity to produce 2 million tons of ethylene per year, Enterprise said, making it one of the largest in the world. Currently, Enterprise is considering the projects but has not … Read more
INEOS Acetyls has started a feasibility study into a world scale Acetic Acid plant and derivatives on the USA gulf coast (USGC) and is reviewing several high-quality locations. David Brooks, CEO INEOS Acetyls said “The gulf coast is a location well known to the INEOS group where we already have a significant presence. With its … Read more
INEOS Phenol has launched its first bio-attributed product line for phenol, acetone alphamethylstyrene (AMS). These products, made without using fossil fuels as feedstock, are to be sold under the INVIRIDISTM brand. They represent innovation in the global phenol market and offer a more climate-friendly and sustainable alternative to existing phenol, acetone, or AMS. Manufactured at … Read more
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen … Read more
ICL, a leading global specialty minerals company, announced it has signed a long-term agreement with India Potash Limited (IPL) to supply Polysulphate through 2026, with a renewal option. The five-year term is for an aggregate amount of 1 million metric tons, with quantities increasing for each year of the agreement. Each shipment will be a … Read more
The Government of India has decided to cancel all the activities in connection with the disinvestment of its stake in BPCL, including the data room are being discontinued, the company said in a stock exchange filing on Tuesday. The decision came after the government recently called off the present Expression of Interest (EOI) process for … Read more
Chemplast Sanmar Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 36.4% to Rs 2.31 billion for the period ended March 31, 2022 as against Rs 3.64 billion for the period ended March 31, 2021. Net sales increased … Read more
Navin Fluorine International Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 2.6% to Rs 751.6 million for the period ended March 31, 2022 as against Rs 732.2 million for the period ended March 31, 2021. Net sales … Read more
DCM Shriram Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 73.5% to Rs 4.01 billion for the period ended March 31, 2022 as against Rs 2.31 billion for the period ended March 31, 2021. Net sales increased … Read more
20 Microns Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 30.6% to Rs 106.29 million for the period ended March 31, 2022 as against Rs 81.35 million for the period ended March 31, 2021. Net sales increased … Read more