Chemical

United Phosphorus converts FCCB worth US$150mn

ChemicalJanuary 14, 2011

United Phosphorus converts FCCB worth US$150mn

United Phosphorus has informed BSE regarding allotment of equity shares of Rs 2 each upon conversion of Foreign Currency Convertible Bonds (FCCBs - II) for an amount not exceeding US$ 150 million. 1. Series A - US$ 70 million (Compulsorily convertib

Rhodia acquires Suzhou Hipro Polymer\'s Guar unit in China

ChemicalJanuary 13, 2011

Rhodia acquires Suzhou Hipro Polymer\'s Guar unit in China

Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province). This Chinese unit will complement Rhodia's existing global guar derivati

PetroChina and Ineos to set up new trading and refining JV in Europe

ChemicalJanuary 12, 2011

PetroChina and Ineos to set up new trading and refining JV in Europe

PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with Ineos to form a partnership in new trading and refining joint ventures related to the refining operations in Grangem

Fitch : Carbon credit impact on Indian chemical manufacturers

ChemicalJanuary 12, 2011

Fitch : Carbon credit impact on Indian chemical manufacturers

Fitch Ratings says that the credit profiles of Indian chemical manufacturers registered under the Clean Development Mechanism (CDM) could come under stress, in the event of a reduction of the benefits awarded through Certified Emission Reductions (CE

Sipchem announces the award of the EPC contract for its ethyl acetate plant

ChemicalJanuary 11, 2011

Sipchem announces the award of the EPC contract for its ethyl acetate plant

Saudi International Petrochemical Company (Sipchem) announced that it has awarded the engineering, design and construction (LSTK) contract for its ethyl acetate plant to Korean company eTEC. The plant will produce ethyl acetate and butyl acetate with

FMC increases soda ash production capacity

ChemicalJanuary 11, 2011

FMC increases soda ash production capacity

FMC Wyoming Corporation announced today that it will restart its Granger production facility by July 1, 2011, in response to strong export demand for soda ash.

CRISIL assigns \'P4+\' rating to Rotomac Polymers\' bank facility

ChemicalJanuary 10, 2011

CRISIL assigns \'P4+\' rating to Rotomac Polymers\' bank facility

CRISIL has assigned "˜P4+' to the letter of credit facility of Rotomac Polymers Pvt Ltd (RPPL), which is a part of the Rotomac group. The rating reflects Rotomac group exposure to significant debtor risk, with unstable customer and product profile

Appointment

ChemicalJanuary 07, 2011

Appointment

Vishnu Chemicals has appointed Lee A. Iwan as commercial manager for North and Latin America. Iwan will be responsible for coordinating all business development, sales and marketing activities for Vishnu Chemicals in North America and Latin America.

CRISIL Equities assigns fundamental grade 4/5 to Time Technoplast

ChemicalJanuary 05, 2011

CRISIL Equities assigns fundamental grade 4/5 to Time Technoplast

CRISIL Equities has assigned a CRISIL IER fundamental grade of 4/5 to Time Technoplast Ltd (Time). The grade indicates that the company's fundamentals are \'superior\' relative to other listed equity securities in India. CRISIL Equities has assigne