Lotte Chemical Corp. announced that its board approved capital expenditure for its planned integrated petrochemical facility (IPF) in Cilegon, Indonesia. Lotte Chemical said in a disclosure that its board approved a recapitalization scheme of 1.4 trillion won ($1.2 billion) through purchase of rights offering from Indonesia, PT Lotte Chemical Indonesia, to fund a massive petrochemical … Read more
Mangalam Organics Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 49% to Rs 22.31 crores ($3 million) for the period ended September 30, 2021 as against net profit of Rs 14.98 crores ($2 million) for the previous … Read more
SRF Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 3.3% to Rs 382.45 crores ($50.9 million) for the period ended September 30, 2021 as against net profit of Rs 395.28 crores ($52.6 million) for the previous quarter. … Read more
GAIL (India) Limited has selected Lummus Technology’s CATOFIN process and Clariant’s tailor-made catalysts for India’s first PDH (propane dehydrogenation) plant. This will be Lummus Technology, and its catalysts partner, Clariant Catalyts’ another major contract award in India that will expand their global share of the PDH market. This upcoming 500,000 metric tons per year PDH … Read more
Rama Phosphates Ltd has received approval from Rajasthan State Pollution Control Board to operate manufacturing of the products with increased capacities at Udaipur unit in Rajasthan. The existing capacity of 181,000 MTPA single super phosphates has been increased to 250,000 MTPA with additional capacity of 69,000 MTPA. The capacity of granulated single super phosphate has … Read more
DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 0.2% to Rs 157.87 crores ($21 million) for the period ended September 30, 2021 as against net profit of Rs 157.5 crores ($21 million) for the … Read more
KBR announced it has been awarded a dual-pressure nitric acid technology contract by Hanwha Corp. for its new plant at Yeosu, South Korea. Under the terms of the contract, KBR will provide license, basic engineering design, and technical support to Hanwha for a 1,200 metric tons per day dual pressure nitric acid plant. Nitric acid … Read more
SABIC, a global leader in the chemical industry, has announced the start-up of its new polypropylene (PP) compounding line in Genk, Belgium with a virtual inauguration event. The new line is an addition to the company’s existing production capacity for SABIC polypropylene compounds at the Genk site and will use raw materials from SABIC’s PP … Read more
Clariant Catalyts has teamed up with Linde Engineering to develop new catalysts for the oxidative de-hydrogenation of ethane (ODH-E), an innovative, low-emissions catalytic technology for the production of ethylene. The novel catalyst is a step change in selectivity and productivity, now making ethylene production via ODH-E commercially feasible. Clariant’s ODH catalysts are available exclusively for … Read more
Dow announced its plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site with respect to scope 1 and 2 carbon dioxide emissions. The project would more than triple Dow’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site, while retrofitting the site’s existing assets to net-zero carbon emissions. … Read more
Uzbekneftegaz JSC, the state-owned holding company of Uzbekistan’s oil and gas industry, has announced the signing of agreements with three of Europe’s leading banks to finance capacity expansion of Shurtan Gas Chemical Complex. The cooperation agreements relate to €1.1 billion of capital to finance the expansion of the Shurtan Gas Chemical Complex’s (Shurtan GCC Upgrade … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024. The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of … Read more
Covestro announced on Tuesday that it will proceed with work on a world-scale methylene diphenyl diisocyanate (MDI) plant after suspending plans to build a unit in the US in early 2020. The company had announced in January 2020 that it would halt work on its planned 500,000 tonne per year MDI plant at its Baytown, … Read more
BASF SE said Monday that its site under construction in southern China is expected to deliver annual sales of €4 billion to €5 billion ($4.69 billion to $5.86 billion) by 2030. The German chemicals company said it is targeting a contribution in earnings before interest, taxes, depreciation, and amortization of €1.0 billion to €1.2 billion … Read more
Manali Petrochemical Ltd (MPL) and Econic Technologies have entered into a Memorandum of Understanding (MoU) for introducing a more environment friendly, CO2 containing polyols, into the $28 billion global polyols market. MPL has signed a MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured … Read more
Celanese Corporation, a global chemical and specialty materials company, confirmed a declaration of force majeure in China for the following Acetyl Chain products manufactured at its Nanjing, China facility: Acetic Anhydride Vinyl Acetate Monomer (VAM) Vinyl Acetate Emulsions Redispersible Powders The Company has temporarily shut down acetic anhydride and VAM production in Nanjing to comply … Read more
Lummus Technology announced it has been awarded a technology contract by Zhangzhou CHIMEI Chemical Co., a subsidiary of CHIMEI Corp. of Taiwan, for a grassroots diphenyl carbonate (DPC) plant in Fujian Province, China. Zhangzhou CHIMEI will build a new polycarbonate (PC) production plant that leverages the Versalis DPC technology licensed by Lummus. The plant will … Read more
INEOS Grangemouth has announced investment of over £1 billion ($1.37 billion) towards reducing greenhouse gas emissions at its site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005. INEOS has already committed over £500 million ($684.2 million) spend on projects which are … Read more
Hindalco’s Utkal Alumina refinery expansion was inaugurated on Sunday at Kashipur in Rayagada district, Odisha, India. The plant’s expansion will improve the refinery’s annual capacity by 0.5 MMT/yr to 2 MMT/yr alumina production. Situated at the tribal hinterland of Odisha, the expansion unit is built with an investment of Rs 1500 crores ($203.7 million). According … Read more