Chemical | 15 July 2020
thyssenkrupp and BASF sign development agreement for STAR process dehydrogenation technology
New technology will lower customer investment and operating costs
New technology will lower customer investment and operating costs
Plan based on an official invitation that Altech received from the State Government of Saxony, Germany in September 2019.
The companies took part in a cartel concerning purchases on the ethylene merchant market. Westlake was not fined as it revealed the cartel to the Commission.
Company aims to leverage its dominance in lithium, high-performance plastics and specialty chemicals for the new division.
NEDO will invest 2 billion Yen ($18.6mn) in the project with scheduled roll out from 2020 and completion by 2023.
Headquartered in Mexico City, Mexico, Poliquímicos is a leading producer and supplier of specialized chemical solutions for water-intensive industries, including the pulp and paper markets in Mexico.
The committee calls for extensive legislative changes in chemical law. These include the removal of quantity thresholds, many additional tests of chemicals and animal experiments as well as blanket application bans without prior risk assessment.
Company decided to cease manufacture of insecticides and fungicides at its Raymond Road site in Laverton, Australia and curtail herbicide manufacturing at its operations in Linz, Austria.
Company is also actively supporting manufacturers in the production of face masks and medical protective equipment.
The company will challenge Mosaic's petition.
Revenue went down by 19% to 1.98 billion euros as against 2.45 billion euros in 2019.
The new M Lab Collaboration Center in Shanghai offers customizable solutions tailored for China’s Life Science community to help advance drug development.
Both parties expect to finalize the deal in the third quarter of 2020.
Sales in the three months through June fell about 12% to €12.7 billion euros
Sales decline 27.58% to Rs 51.50 crore.
The company reported a jump of 152.11% and its Q4 FY20 profit stood at Rs 240.01 crore.
On 13 April, two workers were killed and another was injured after a small intermediate feed tank blast at its Tarapur M-3 plant.
The government in a notification in March 2020, had notified the revised fixed costs for urea units with an incremental fixed cost of Rs 350 per tonne for all urea units and an additional Rs 150 per tonne for urea units that converted from naphtha to natural gas and are more than 30 years old.
The acquisition will strengthen the company's position as a solution provider for key industries & would enhance market access to key growth markets.
Institutional investors that participated in the anchor allotment included Abu Dhabi Investment Authority, Axis Mutual Fund, Mirae Asset Mutual Fund, Goldman Sachs, HFDC Mutual Fund, SBI Mutual Fund, among others.
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