Company completes next step towards an industrial scale conversion of plastic waste into feedstock.
The repayment of loan would be done in 8 years beginning 2022-23.
Based in Israel, ESIL will support startups focusing on environmental protection and sustainability.
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The new process, called “Rewind PET” is involving an optimized - glycolysis based - PET depolymerization combined with specific purification steps aiming at removing all organic and inorganic compounds present in waste PET.
The agreement covers maintenance and technical support, cybersecurity services, and lifecycle services and upgrades for the plants’ automation systems, helping to ensure the availability and security of the systems also in the future.
The distribution agreement will cover twelve countries of the Asia Pacific region, including Australia, Cambodia, Indonesia, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
The company based on the legal assessment, does not consider these stock transfers as interstate sales and is taking all the necessary legal steps to defend the matter.
The plant will cater to customer demands in the existing textile specialities and fast growing home care and hygiene and drilling specialities business.
New subsidiary IGL Green Chemicals Pvt Ltd has been formed on 26th August 2020.
The new facility is scheduled to be completed by the third quarter of 2022.
The deal is signed for five years.
The new joint venture, “Dutch PPE Solutions”, is expected to create employment for dozens of people in Helmond and Geleen, the Netherlands.
The investment will further enhance Stora Enso’s position as a global provider of high-quality engineered wooden elements and as a market leader in CLT.
Ali Industries will be a free-standing unit under RPM’s Rust-Oleum business.
The segment revenue for the company with respect to Dye Intermediate is expected to reach Rs. 500 crore by FY23.
According to the arrangement, RIL's oil-to-chemicals business including refining, petrochemicals, fuel retail (51 per cent in a JV with BP, and bulk wholesale marketing businesses, along with its assets and liabilities, will be transferred to the new subsidiary.
The plant had formerly been operated by pharmaceutical company Novartis and 70 employees will be retained within Syngenta Group.
Panther MTZ herbicide is the latest addition to the Nufarm’s growing list of herbicides that farmers can use for weed management.
The Alliance has activated 14 projects across 14 cities in six countries in South East Asia, India and Africa – all at the frontline of the plastic waste challenge.
Coastal shipping will ensure fast and timely availability of fertilizers to the farmer community in the Eastern and the Western Coastal areas of the country.
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