Ion Exchange (India) has received a Letter of Award from Indian Oil Corporation (IOCL). The award is for the work of Water Treatment Plant for IOCL’s Panipat refinery capacity expansion project (P-25). This includes Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant. The contract also includes Operation and Maintenance for two years … Read more
Tata Chemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 37.7% to Rs 3.91 billion for the period ended Dec 31, 2022 as against net profit of Rs 6.28 billion for the previous quarter. Net … Read more
Reliance Industries Ltd announced its O2C Business segment results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The segment’s EBIDTA grew 16.36% to Rs 139.26 billion for the period ended Dec 31, 2022 as against EBIDTA of Rs 119.68 billion for the previous quarter due to weak margins. Net sales decreased 9.4% … Read more
Nuberg EPC, the leading Indian Global EPC company announced that it has been awarded 550 TPD (tons per day) Sulfuric Acid Plant project on EPC based contract in Neratovice, Czech Republic. The project is owned by Spolana s.r.o, a leading chemical manufacturer located on the Elbe riverbank in Neratovice, Czech Republic. Spolana a.s is one … Read more
Larsen & Toubro, an Indian multi-national engaged in EPC Projects, Hi-Tech Manufacturing, and Services, announced the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. H2C has proven expertise in developing and integrating … Read more
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its … Read more
GHCL Ltd. has received the requisite regulatory consent for raising its production capacity of Soda Ash by 100,000 tonnes per annum, the company informed the stock exchanges on Monday. The specialty chemicals and textiles manufacturer said that it has been granted the requisite regulatory consent amendment for increasing the production capacity of its Soda Ash … Read more
Indian government has announced that the country’s first-ever coal gasification-based Talcher Fertilizer Plant in Odisha will be ready to be dedicated to the nation by October 2024. Speaking at the occasion, Union Minister of Chemicals & Fertilizers, Dr. Mansukh Mandaviya said that “Government is taking significant steps in making country Aatmanirbhar. Fertilizer is sector is … Read more
On 3 January 2023, Arkema finalized the divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon. Febex is a global player in phosphorus derivatives (high purity phosphoric acid, sodium hypophosphite and derivatives), used primarily in electronics and in the pharmaceuticals industry. Part of the Performance Additives Business Line and with little … Read more
INEOS and SINOPEC have completed two of the four significant petrochemical deals announced earlier this year. The two deals are: SECCO joint venture. INEOS has acquired 50% of Shanghai SECCO Petrochemical Company Limited. ABS joint venture. INEOS and SINOPEC have also established a 50:50 joint venture for ABS (Acrylonitrile Butadiene Styrene), based on INEOS’ world … Read more
Nayara Energy, a company backed by Russian oil major Rosneft, announced that it is well on track for its entry into the petrochemicals sector. At its Vadinar refinery in Gujarat, Nayara is constructing Phase 1 of the project, which includes the construction of a 450 ktpa polypropylene plant, a propylene recovery unit, upgrades to the … Read more
State-owned power generation company NTPC has signed a Memorandum of Understanding (MoU) with Tecnimont Private Limited – which is the Indian subsidiary of Italy’s Maire Tecnimont Group. The objective of the MOU, which is non-binding in nature, is to jointly evaluate and explore the possibility to develop a commercial-scale green methanol production facility at NTPC. … Read more
Meghmani Organics Limited’s wholly owned subsidiary MCNL has signed a licensing agreement with one of India’s leading domestic fertiliser manufacturers to produce nano urea fertiliser, the company said on December 23. Nano urea is a liquid fertilizer and is effective in enhancing the nutritional quality, crop’s productivity and is environmentally safe. MCNL will incur a … Read more
Lummus Technology announced that its licensed TC2CTM crude-to-chemicals technology will move forward in its first commercial deployment through S-Oil’s Shaheen Project in South Korea. S-Oil recently confirmed its final investment decision on the Shaheen Project. Once complete, Shaheen will be one of the world’s largest ethylene plants and the first commercial deployment of TC2C, a … Read more
Iberdrola Australia and hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve an investment of €1.1 billion. Bell Bay Powerfuels will produce 200,000 tonnes of green methanol per … Read more
Avaada Ventures, an integrated energy platform, has agreed to establish a Rs 225 billion Green Ammonia Plant in Uttar Pradesh by 2026. On December 6, 2022, Avaada Ventures Pvt. Ltd. and Uttar Pradesh State Industrial Development Authority signed a Memorandum of Understanding. The facility will have a production capacity of 0.5 million tonnes per year … Read more
Saudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and SABIC are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia. Aramco and Sinopec have signed heads of agreement for a greenfield project in Gulei, Fujian Province, which plans to include a 320,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex. It … Read more
The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The ‘Amiral’ complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary … Read more
UPL Ltd., announces the completion of investment of Rs 24.74 billion ($300 Mn) by KKR for 13.33% stake in Advanta Enterprises. This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms – Global Crop Protection (ex-India), India Agtech, Global Seeds and Manufacturing & Specialty Chemicals … Read more
The Board of Directors of Smartchem Technologies Limited (STL) at its meeting held approved a Corporate Restructuring Plan with the objective of unlocking growth potential of each of the businesses. STL is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, one of India’s leading producers of industrial chemicals and fertilisers (DFPCL). Commenting … Read more