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 PolyOne Completes Clariant Masterbatch Acquisition
Indo Rama Synthetics (India) Limited, one of India’s major polyester manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company reported a net loss of Rs 49.84 crores (-$6.6 million) for the quarter ended March 31, 2020 as compared to a net loss of Rs 169.33 crores … Read more Indo Rama Synthetics Reports a Net Loss of $41.9 Million for FY19-20
Vinyl Chemicals India Ltd., an Indian VAM (vinyl acetate monomer) manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 93.07% to Rs 0.25 crore ($0.03 million) for the period ended March 31, 2020 as against Rs 3.61 crores ($0.47 million) for the period ended … Read more Vinyl Chemicals India Reports Drop in FY19-20 Q4 Net Profit
Mitsui Prime Advanced Compounds Europe, a joint venture between Mitsui Chemicals (75%), Mitsui & Co. (15%) and Prime Polymer Co. (10%), has commissioned its first polypropylene (PP) compounding plant in Europe. Located within Chemelot Industrial Park in the Netherlands, Advanced Compounds Europe marks Mitsui Chemicals Group’s first polypropylene (PP) compounding site in Europe. The facility … Read more Mitsui Chemicals Commissions New PP Compounding Plant in the Netherlands
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Financials The consolidated revenue of the Company decreased 4% to Rs. 1,858 crore ($245.9 million) in Q4FY20 as against Rs. 1,937 crore ($256.3 million) in the prior year quarter. … Read more SRF Limited Reports Drop in Q4 Revenue, Rise in FY20 Profit
BP has agreed to license its latest-generation PTA technology to China’s Dongying Weilian Chemical. Under the terms of the contract, BP will license its latest generation of PTA technology to Dongying United Petrochemical for the production of purified terephthalic acid in China. A subsidiary of Dongying United Petrochemical, Weilian Chemical plans to build a 2.5 … Read more BP Licenses PTA Tech to Weilian Chemical in China
A committee appointed by India’s top environmental court has blamed “gross human failure” and lack of basic safety norms for a gas leak in LG Chem polymer plant last month that killed 12 people and sickened hundreds. The committee said the tanks from which the gas leaked May 7 at the LG Polymers plant in … Read more Indian Tribunal Blames LG Chem for Safety Lapses at Vizag Polymer Plant
India to consider imposing a 15% “Covid-19” import tax on chemicals to help protect its domestic industry from major exporting nations in East and SE Asia. The domestic industry has been badly affected by a major demand slump as a result of nationwide coronavirus lockdown. The new tax, which would be in effect from 1st May … Read more Update: India Considers COVID-19 Import Tax on Chemicals
A gas leak at LG Polymers India Pvt Ltd polymer plant at Visakhapatnam, India left at least eight dead and about 800 people sick. The incident took place on 7 May at around 02:30 am IST. The gas reportedly started leaking when the workers were preparing to reopen the plant today post lockdown. The gas … Read more LG Polymers Gas Leak at Viskhapatanam Plant Kills Eight
India’s chemical exports rose by 7% to Rs 2.68 lakh crore ($35.2 billion) during April-January period of the last fiscal, and became the top exporting sector in the country for the first time, the government said on Saturday. “Union Minister of Chemicals and Fertilisers D V Sadananda Gowda congratulated the chemicals and petrochemicals industry on becoming the … Read more India’s Chemical Exports Rise 7% between Apr ’19-Jan ’20
ExxonMobil on Wednesday broke ground on its solely funded petrochemical chemical complex in Huizhou, southern China’s Guangdong Province, according to a report by Chinese media Xinhuanet. A special “cloud ceremony” was conducted online with video links connecting the Huizhou Dayawan Petrochemical Industrial Park and locations in Beijing and Dallas due to the COVID-19 pandemic. The … Read more ExxonMobil Starts Building $10 Bn Petchems Complex in China – COVID-19
INEOS and Plastic Energy have agreed to collaborate in constructing a new plant to convert waste plastic into raw material to make new plastic. The new facility would be operational by the end of 2023. Plastic Energy’s proprietary Thermal Anaerobic Conversion (TAC) technology turns previously unrecyclable plastic waste into TACOIL. The resulting material is then … Read more INEOS Collabarates with Plastic Energy on New Plastics Recycling Facility
Advanced Global Investment Company (AGIC), a subsidiary of PP producer Advanced Petrochemical, has agreed to form a joint venture with South Korea’s SK Gas and build a propane dehydrogenation (PDH)/PP complex at Jubail, Saudi Arabia. The JV agreement follows a Memorandum of Understanding (MoU) signed in June, 2019. The new entity, called Advanced Polyolefins, will … Read more Advanced Petrochemical and SK Gas Plan $1.8B PDH/PP Complex
The American Chemistry Council (ACC) urged G20 leaders to lift tariffs and export restrictions to improve access to the products necessary to healthcare workers during the COVID-19 pandemic. American Chemistry Council (ACC) President and CEO, Chris Jahn, in response to the virtual G20 summit, said, “U.S. chemicals manufacturers are calling for G20 leaders to increase … Read more ACC Urges G20 Leaders to Lift Trade Barriers on Products needed for COVID-19
Mitsui Chemicals, Inc. has expanded its production facilities for meltblown nonwovens at its wholly owned subsidiary Sunrex Industry Co., Ltd. The move comes as an attempt to respond to the increasing demand for industrial-use meltblown nonwovens, and will increase the total production capacity of the Mitsui Chemicals Group for these materials by 50%. The expanded … Read more Mitsui Chemicals Expands Production Capacity for Nonwovens at Yokkaichi
Indorama Ventures Limited has announced that the company decided to extend the pre-construction period of the PTA-PET plant in Corpus Christi, Texas through the end of 2020. Christi Polymers LLC (CCP), a joint venture among certain subsidiaries of Indorama Ventures Holding, Alpek and Far Eastern Investment (Holding) Limited was created to acquire and complete construction … Read more Indorama Extends the Completion of Corpus Christi Plant to 2023
Clariant and Floreon-Transforming Packaging Limited announced a new collaboration to further extend the performance properties and market potential of biopolymers. By combining the benefits of Clariant’s additives with Floreon’s proprietary material solutions, the partnership aims to open up additional opportunities for plastic manufacturers and brand owners to consider biopolymers as a viable, low-carbon alternative to … Read more Clariant and Floreon Collaberate to Develop Higher-Performance Biopolymers
Huntsman has signed a $300 million deal to buy CVC Thermoset Specialties, a specialty chemical manufacturer that supplies chemicals for the industrial composites, adhesives and coatings markets. The $300 million purchase price is subject to customary closing conditions. It is an all-cash transaction, funded from available liquidity by Huntsman. Depending on the full year of … Read more Huntsman to Acquire CVC Thermoset Specialties for $300 Million
Domo Chemicals GmbH, a Germany-based materials manufacturer announced its plans to build a nylon compounding plant in Zhejiang, China in a move to increase its focus on the Asia Pacific region. The new plant will be capable of producing 50,000 ton of sustainable and innovative engineered nylon compounds each year, the company said in a … Read more Domo Chemicals to Build Nylon Compounding Plant in China
Mitsubishi Chemical Holdings Corporation (MCHC) has announced the transfer of Life Science Institute Inc’s affiliate, Qualicaps to Mitsubishi Chemical Corporation (MCC), with effect from 1 July. “Through this transfer, MCC will enable Qualicaps to provide higher value-added solutions to the global capsule market by not only strengthening manufacturing technology leveraging mutual resources and accelerating chemical … Read more Mitsubishi Chemical Holdings to Transfer Qualicaps to Mitsubishi Chemical