Chambal Fertilisers & Chemicals Ltd., a fertilizer and chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit increased 51.2% to Rs 298.78 crores ($40 miilion) for the period ended June 30, 2020 as against net profit of Rs 197.55 crores ($26.4 … Read more
GHCL Ltd., a basic chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit declined 85% to Rs 12.95 crores ($1.7 million) for the period ended June 30, 2020 as against net profit of Rs 84.86 crores ($11.4 million) for the previous … Read more
Hanwha Group is seeking to acquire a 50% in an ethane cracking center (ECC) of Sasol’s Lake Charles complex in Louisiana, according to a Business Korea report. The acquisition is estimated to cost around 3.4 billion, according to industry sources. Hanwha Group has reinforced its financial power with support from local financial firms. Hanwha Solutions … Read more
Indo Amines Ltd., an alkyl amine chemicals manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 78% to Rs 1.51 crores ($0.2 million) for the period ended March 31, 2020 as against net profit of Rs 6.77 crores ($0.9 million) … Read more
National Peroxide Ltd., a peroxide manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 82.7% to Rs 3.03 crores ($0.4 million) for the period ended March 31, 2020 as against net profit of Rs 17.49 crores ($2.3 million) during the … Read more
KBR has been awarded a contract for its proprietary Plinke Adiabatic Nitrobenzene solutions by Kutch Specialities Pvt Ltd, India. Under the terms of the contract, KBR will provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India. KBR’s proven process, patented equipment … Read more
Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Wednesday said the deal to sell 20% stake to Saudi Aramco has not progressed according to the scheduled time due to ongoing pandemic situation. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to the original timeline,” RIL … Read more
Chembond Chemicals Ltd., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2020. The company’s net profit declined 2.2% to Rs 4.03 crores ($0.53 million) for the period ended June 30, 2020 as against net profit of Rs 4.12 crores ($0.55 million) during the prior-year quarter. Net sales … Read more
The European Commission has fined Orbia, Clariant and Celanese a total of € 260 million ($296 million) for breaching EU antitrust rules. Westlake was not fined as it revealed the cartel to the Commission. The companies took part in a cartel concerning purchases on the ethylene merchant market. They colluded to buy ethylene for the … Read more
Air Liquide has signed a long-term agreement with Steel Dynamics, Inc. (SDI), one of the largest steel producers and metals recyclers in the United States, to supply gaseous oxygen, nitrogen, and argon to SDI’s new Electric Arc Furnace (EAF) steel mill in Sinton, Texas. To support the new agreement, Air Liquide plans to invest over … Read more
Munich, July 9, 2020 – Clariant has joined forces with Ineratec in the challenge for a greener future. The companies have entered a partnership to develop and commercialize novel technologies for the production of renewable fuels and chemicals. Clariant will provide its extensive catalysis expertise and broad portfolio of syngas conditioning and upgrading catalysts to … Read more
Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to Dastur International Inc. and Lummus Technology LLC to jointly execute a feasibility study for a petcoke gasification project at Kochi Refinery, in the Indian state of Kerala. The study will evaluate the feasibility of the proposed petcoke gasification project and production of value-added petrochemicals and … Read more
Nouryon will start development of a world-class manufacturing facility at its current site in Ningbo, China to produce two key intermediates for its organic peroxides business: tert-Butyl hydroperoxide (TBHP) and tert-Butyl alcohol (TBA). Organic peroxides are essential ingredients in the production of polymers and composites. The manufacturing facility is scheduled to be completed in the … Read more
National Fertilizers has achieved highest-ever fertilizer sale of 1,285,000 MT in first quarter (April-June) of this financial year. This is about 21.5% higher than the sales of 1,057,000 MT made by company in the first quarter of 2019-20. Other than significant growth in Urea sale, P&K fertilizers also recorded a growth of 13% during the … Read more
Air Products on Tuesday announced an agreement for $5 billion green hydrogen-based ammonia production facility that will be powered by renewable energy. The project will be equally owned by Air Products, ACWA Power of Saudi Arabia and NEOM. NEOM is a new model for sustainable living located in the North West corner of the Kingdom … Read more
CPC Corporation, a Taiwanese petrochemical major restarted its No. 4 naphtha-fed steam cracker on July 6th after being shut last week. The company unexpectedly shut its No. 4 cracker due to technical glitches on 2 July, 2020. Based in Linyuan, Taiwan, the cracker is able to produce 380,000 tons per year of ethylene and 193,000 … Read more
India Gelatine & Chemicals Ltd., a gelatin manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company has posted a net loss of Rs 1.45 crores (-$0.19 million) for the period ended March 31, 2020 as against net profit of Rs 1.75 crores ($0.23 … Read more
I G Petrochemicals Ltd., a petrochemicals manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 78.1% to Rs 3.95 crores ($0.53 million) for the period ended March 31, 2020 as against Rs 18.06 crores ($2.4 million) for the period ended … Read more
PolyOne Corporation, a leading global provider of specialized polymer solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. PolyOne also announced that it has changed its name and will now be called Avient. “We proudly welcome our newest associates and valued customers from Clariant Masterbatch. They are … Read more
Punjab Alkalies & Chemicals Ltd., a chlor-alkali manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company has posted net loss of Rs (1.74) crores (-$0.23 million) for the period ended March 31, 2020 as against net profit of Rs 19.83 crores ($2.7 million) … Read more