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
South Korean petrochemical producer LG Chem will ship its first bio-based phenol and acetone to a German renewable polymer producer. LG Chem will export 4,000 tons of phenol and 1,200 tons of acetone, totaling 5,200 tons, and this is the largest volume of ISCC PLUS certified product ever exported from South Korea. Phenol is the … 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
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
LG Chem Ltd. and GS Caltex will team up to jointly develop mass production technologies of eco-friendly materials for a circulating economy and carbon neutrality. LG Chem signed Joint Development Agreement (JDA) related to the development of mass production technology for 3HP (hydroxypropionic acid), which is a biodegradable plastic material, and production of prototypes with … Read more
Energy companies Octopus Energy and Renewable Energy Systems have joined forces to spend 3 billion pounds ($4.1 billion) by 2030 to build hydrogen plants across the U.K. Octopus Renewables, part of the generation arm of the renewable energy retailer, and renewables developer RES will combine their expertise and capital to develop, own and operate the … Read more
Origin Materials, Inc., the world’s leading carbon negative materials company, announced it has joined the Alliance to End Plastic Waste, a global non-profit organization. Members of the Alliance include industry leaders across the plastics value chain, working towards a common goal of developing, deploying and scaling solutions to end plastic waste in the environment. As … 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
India Glycols Limited (IGL) and Clariant have created a new joint venture for renewable ethylene oxide (EO) derivatives, the Indian green technology-based chemicals manufacturer said on Thursday. Originally announced in March 2021, the joint venture combines IGL’s renewable bio-ethylene oxide derivatives business, which includes a multipurpose production facility including an alkoxylation plant located in Kashipur, … Read more
Reliance Industries (RIL) and US-based Chart Industries are leading a new coalition focussed on commercialising hydrogen technologies and systems to build net-zero carbon pathways in India. The alliance will work together to build the hydrogen economy and supply-chain here and also help develop blue and green hydrogen production and storage apart from building hydrogen-use industrial … Read more