India’s gas importer Petronet LNG is planning to set up an LNG import facility at Gopalpur port in the state Odisha, India, as it looks to foray into the petrochemical business. In the latest annual report, the company said that the new floating import terminal will be used to meet the growing gas demand in … Read more
Braskem has signed a memorandum of understanding (MOU) with the SCG Chemicals to perform studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and I’m greenTM bio-based Polyethylene. If implemented, this cooperation could double the existing capacity of I’m greenTM bio-based PE. “Amidst the ever-increasing demand for circular economy … Read more
Shell Ventures BV and BlueAlp Holding BV announced a strategic partnership to develop, scale and deploy BlueAlp’s plastic waste to chemical feedstock technology. The technology transforms plastic waste which is tough to recycle into a recycled feedstock (i.e., pyrolysis oil) that can be used to make sustainable chemicals. Shell has taken a 21.25% equity stake … Read more
LyondellBasell announced it is weighing strategic options for its Gulf Coast-based Refining Segment, including a potential sale. “While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system,” said Bob Patel, CEO of LyondellBasell. “To that end, … Read more
Sadara Chemical Company (Sadara) announces mechanical completion of its Ethylene Oxide /Propylene Oxide (EO/PO) Pipeline and Distribution Center Project for providing feedstock to tenants in the adjacent value park, PlasChem Park. The two parallel feedstock pipelines will distribute EO and PO feedstock to various business tenants in PlasChem Park, enabling them to produce diversified specialty … Read more
LG Chem Ltd. will partner with biodiesel company Dansuk Industrial to establish a joint plant, in order to secure bio-materials required for the production of eco-friendly products. LG Chem announced that it had signed a Heads of Agreement (HOA) for the establishment of a hydro-treated vegetable oil (HVO) joint venture at the Dansuk Industrial headquarters … Read more
Chemplast Sanmar announced that it has redeemed, on 31st August 2021, the entire outstanding non-convertible debentures (NCDs) that were issued in December 2019 by the company. The redemption of these NCDs amounting to Rs 1238.25 crores ($169.5 million), which was part of the objects of the primary issue, was made using the net proceeds of … Read more
Abu Qir Fertilizers and Chemical Industries Company, Helwan Fertilizer Company, and Al Ahly Capital Holding Company signed a shareholder agreement to establish the Misr Methanol and Petrochemical Company to produce methanol, ammonia, petrochemicals and others. The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, witnessed the signing of a shareholder agreement for the establishment … Read more
Czech Republic’s Unipetrol, a subsidiary of PKN Orlen announced that it will invest more than CZK30.0 billion ($1.4 billion) over the next decade in projects to decarbonize the company’s operations. Together with its parent company ORLEN, the Group plans to transform from a traditional petroleum-oriented firm into a multi-energy corporation under its development strategy for … Read more
Meghmani Finechem Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 13% to Rs 36.95 crores ($5 million) for the period ended June 30, 2021 as against net profit of Rs 32.76 crores ($4.4 million) for the previous … Read more
Vishnu Chemicals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 6.5% to Rs 11.58 crores ($1.6 million) for the period ended June 30, 2021 as against net profit of Rs 10.87 crores ($1.5 million) for the previous … Read more
Gujarat Alkalies and Chemicals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 82.1% to Rs 63.12 crores ($8.5 million) for the period ended June 30, 2021 as against net profit of Rs 34.66 crores ($4.7 million) for … Read more
Tata Chemicals Ltd., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 2347% to Rs 287.96 crores ($38.9 million) for the period ended June 30, 2021 as against net profit of Rs 11.77 crores ($1.6 million) for the previous … Read more
Mangalore Chemicals and Fertilisers Ltd., a chemical fertilizer manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 65.2% to Rs 24.32 crores ($3.3 million) for the period ended June 30, 2021 as against net profit of Rs 14.72 crores ($2 million) … Read more
UPL Ltd., a agrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 36.31% to Rs 677 crores ($91.1 million) for the period ended June 30, 2021 as against net profit of Rs 1,063 crores ($143 million) for the previous quarter. … Read more
DCW Ltd., a chlor-alkali manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit increased 107% to Rs 13.37 crores ($1.8 million) for the period ended June 30, 2021 as against net profit of Rs 6.46 crores ($0.87 million) for the previous quarter. … Read more
Coromandel International Ltd., a fertilizers manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 117% to Rs 337.78 crores ($45.3 million) for the period ended June 30, 2021 as against net profit of Rs 155.85 crores ($20.9 million) for the previous … Read more
India Pesticides Ltd., a pesticides manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 57.2% to Rs 42.02 crores ($5.6 million) for the period ended June 30, 2021 as against net profit of Rs 26.73 crores ($3.6 million) for the previous … Read more
Reliance O2C Ltd., a petrochemicals segment of RIL posted its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The segment’s EBITDA grew 7.2% to Rs 12,231 crores ($1.64 billion) for the period ended June 30, 2021 as against net profit of Rs 11,407 crores ($1.53 billion) for the previous quarter. Net … Read more
DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 32% to Rs 157.5 crores ($21.1 million) for the period ended June 30, 2021 as against net profit of Rs 231.24 crores ($31 million) for … Read more