LyondellBasell and Shakti Plastic Industries, India’s largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50,000 tonnes of recycled polyethylene (PE) … Read more
Navin Fluorine International Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 22.3% to Rs 578.1 million for the period ended Sept 30, 2022 as against net profit of Rs 744.5 million for the previous quarter. Net sales grew … Read more
GAIL (India) Ltd said it has won the bid to acquire the stressed asset of debt-ridden JBF Petrochemicals Ltd through its resolution process under India’s Insolvency and Bankruptcy Code (IBC). “The Resolution Professional in the matter of CIRP has informed that GAIL (India) Limited has been declared a Successful Resolution Applicant and GAIL’s Resolution Plan … Read more
Anupam Rasayan India announced the signing of two contracts with one of the leading European agrochemicals companies for supplying two new life science related specialty chemicals. According to the contract, the company will provide these products for the next three years. These specialty chemicals will be produced at its current production facilities. “We are pleased … Read more
BASF broke ground on its new Polyurethane Application Development Laboratory in Mumbai, India. The new lab will house state-of-the-art applications equipment in an approximately 2,000 sq meter space. To be inaugurated in 2024, the lab will strengthen collaboration with Indian customers from high-growth industries, including consumer appliances, construction, footwear, furniture, and transportation. It will offer … Read more
India’s 4 state-owned firms plan to build coal-to-chemical projects as part of the government’s aim of utilizing 100 million tonnes per year of coal for gasification by 2030. Coal India Limited (CIL) will be joining hands with three other major PSUs – Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) … Read more
India’s Reliance Industries Ltd (RIL) is acquiring two local companies for a total consideration of Rs 15.92 billion ($200 million) to expand its polyester business. According to a stock exchange filing on September 9, Reliance’s wholly owned subsidiary Reliance Petroleum Retail Ltd will acquire polyester chip and yarn manufacturers Shubhalakshmi Polyesters (SPL) for Rs 15.2 … Read more
APChemi’s patented “Pyromax™” pyrolysis technology for recycling plastic waste closes the gap in the plastic supply chain by taking dirty and mixed plastic waste, including municipal solid waste segregated plastics and multilayer packaging, and breaking it down to produce high quality pyrolysis oil which can be chemically recycled into circular plastics. The process has a … Read more
Calibre Chemicals (Calibre), a specialty chemicals company, has entered into a definitive agreement to acquire 100% shareholding of RheinPerChemie GmbH (RPC), from Evonik, a globally leading specialty chemical company. RPC, located in Rheinfelden Germany, is a prominent manufacturer of ammonium and sodium persulphates in Europe. Calibre is one of the largest manufacturer of potassium persulphate, … Read more
SRF Limited has announced that a project to establish a second BOPP film line and metallizer at Indore, with an estimated cost of Rs 4.24 billion has been approved. On August 25, 2022, the project was launched and capitalised for a total of Rs 4.24 billion. The board of directors of SRF Ltd had given … Read more
Ohmium International, a green hydrogen company that designs, manufactures, and deploys PEM Electrolyzers, is collaborating with Shell India to evaluate hydrogen applications, markets, and project opportunities in India and globally. As part of the collaboration, both parties have intent to launch joint working groups to assess opportunities from the technical, commercial, and safety perspectives. Ohmium’s … Read more
Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, announced the commissioning of a Green Hydrogen Plant at its AM Naik Heavy Engineering Complex in Hazira, Gujarat. The plant was inaugurated by Mr. Shrikant Madhav Vaidya, Chairman – Indian Oil Corporation Limited. The production of Green Hydrogen based on … Read more
Tata Chemicals Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit marginally grew 28.1% to Rs 5.93 billion for the period ended June 30, 2022 as against net profit of Rs 4.63 billion for the previous quarter. Net sales … Read more
India Pesticides Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit grew 33.9% to Rs 410.9 million for the period ended June 30, 2022 as against net profit of Rs 306.7 million for the previous quarter. Net sales increased … Read more
INEOS Styrolution, the global leader in styrenics, announced that it has entered into an agreement for the sale of its entire shareholding interest in INEOS Styrolution India to Shiva Performance Materials. Shiva Performance Materials Private Limited is part of the Shiva Group, which has businesses in specialty chemicals for pharmaceuticals, agrochemicals and other intermediates. Upon … Read more
Deepak Nitrite Limited., a specialty chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 12.2% to Rs 2.34 billion for the period ended June 30, 2022 as against net profit of Rs 2.67 billion for the previous quarter. Net sales … Read more
Poddar Pigments Limited., a specialty chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit marginally grew 0.9% to Rs 54.4 million for the period ended June 30, 2022 as against net profit of Rs 53.9 million for the previous quarter. Net … Read more
NOCIL Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 3.5% to Rs 664.8 million for the period ended June 30, 2022 as against net profit of Rs 689.2 million for the previous quarter. Net sales grew 9.9% … Read more
SRF Limited has revealed plans to establish a new and dedicated INR 2.5 billion facility for producing advanced intermediates for agrochemicals at Dahej in Gujarat to meet the demand. The Indian industrial and specialty intermediates manufacturer said that its board of directors has approved the investment. According to SRF Limited, the advanced intermediates plant will … Read more
India’s energy major Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with M/s Greenko ZeroC Private Limited (Greenko) for a joint venture on green hydrogen. The two companies will jointly pursue opportunities in Renewables, Green Hydrogen, Green Ammonia and other derivatives of green hydrogen. The MoU, valid for two … Read more