The Union Cabinet has approved a modified scheme to enhance Ethanol capacity in the country by encouraging distilleries to produce Ethanol from maize and rice available with Food Corporation of India (FCI) and has also fixed the remunerative price of Ethanol from maize and rice.
The expanded interest subvention scheme will fuel investment of about Rs. 40,120 crores in the Ethanol value chain, encouraging Urja-Kheti, which will augment farmer’s income, says Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan.
ICDL will run its plants at 100 per cent capacity utilization till March 2021.
Bodal Chemicals Limited (BCL), one of the largest manufacturers and exporters of multiple chemical products including dyestuffs, dye intermediates, basic chemicals and its variants, is planning diversification and expansion strategy by investing one time infrastructure cost of Rs. 360 crores by 2022.
Industry urges the re-orientation of Production Linked Incentives (PLI) Scheme towards domestic production, import reduction wherever applicable and global collaboration for contract manufacturing.
Vikas Multicorp Limited, a polymers and polymer additive related chemicals trading house based in Delhi having rich domain experience and in-depth knowledge of international and local polymers market is planning to be entirely debt free by 2022 as per long term goal set up by the company.
The pre-payment which concluded on 28th December 2020, was done using the cash on its balance sheet.
Through this collaboration, Sensient will channel its global laboratory experience to create new formulated solutions that match cosmetic trends in China and worldwide. Yatsen will contribute its vast experience in cosmetics and skincare to deliver innovative beauty products
PhosAgro features in first place in six categories in the chemicals sector
Air Liquide will provide the engineering and procurement of the hydrogen liquefier.
The issue proceeds would be used mainly for repayment of debt.
Agilyx Corporation, a wholly owned subsidiary of Agilyx AS, a leader in advanced recycling of post-use plastics back into plastics and low carbon fuels
Specialty chemicals company LANXESS is extending its portfolio of products in the consumer care segment to include the new Lewatit PH 1074 HEP.
Navin Fluorine has outlined capital expenditure for setting up a multi-purpose plant (MPP) with an outlay of Rs 195 crore.
SSPL's scale of operations remains modest in the intensely competitive chemicals industry, as reflected in revenue of Rs 53.8 crore in fiscal 2020.
The company continued its export to the international destinations during the pandemic.
The company had acquired Ennis-Flint last month at approximately $1.15 billion
As per the company, reason for the adjustment is the significant rise in raw material costs over the past months
The company received approximately $100 million in cash
Company had acquired the site and its businesses from Cognis in 2010
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