Chemical | 26 August 2020
Industries Qatar buys Qafco stake from Qatar Petroleum for $1 billion
Deal will make IQ the full owner of Qafco.
Deal will make IQ the full owner of Qafco.
In Phase II, the company had a total Capex plan of Rs. 280 crore for two projects out of which 50% has already been capitalized.
Its mission is to lead a robust and achievable transformation worldwide in sustainable animal protein production, and to accelerate solutions that will foster a brighter future.
The next-generation products are designed to help rotomolders achieve unprecedented productivity and part performance.
The site expansion includes a new formulation unit, lab expansion, and a climate-controlled warehouse, bringing the total site assets to $200 million.
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The sales also dropped by 60.56% YoY and reached Rs 359.53 crore.
The current installed capacity of polyacrylamide liquids is 40,000 MTPA.
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In terms of R&D spend, the company has invested close to Rs. 60 crore in 2017-19 timeframe for new product grades, process and efficiencies and this process is even continuing today.
The milestone was achieved by BCPL Panihati, North 24-Parganas Unit situated in West Bengal.
Cefic plans to develop its own general impact assessments to assess and quantify the impact of the climate-neutrality objective by 2050 on chemical value chains.
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The new test measures the capability of innovative film packaging to be recycled into new thin film applications.
India has imposed Anti-Dumping Duty on phosphoric acid of all grades and all concentrations (excluding Agriculture/Fertilizer grade) originating in or exported from South Korea
A step towards Self-Reliant India, global tenders will be disallowed up to Rs.200 crores. Business enterprises registered under the MSME Act are given a hefty subsidy of 50 per cent for patent registration.
Wuthelam's stake in the Japanese company will rise to just under 60 per cent from 39 per cent one of the biggest transactions in Asia this year.
According to the agreement, ECOFARIO will exclusively offer Valmet’s automation for its future installations.
Medical device portfolio to complement Sulzer’s Applicator Systems business. Transaction is expected to close on October 1, subject to customary conditions.
Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons
Net income in the second quarter was $47 million and $74 million in the first half compared to $51 million and $131 million in the corresponding periods last year.
The new norms have been framed with a view to checking inbound shipments of low quality products and dumping of goods by a third country routed through an FTA partner country.
It is suspected that the fire started in the godown of the unit and the drums containing solvents started exploding one after another and the fire spread rapidly.
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