The plant will gasify used plastics under high temperature, and decompose them to the level of molecules. Then gasified plastics are converted into hydrogen (low-carbon hydrogen) and carbon dioxide.
The closing of the transaction is subject to customary regulatory review and is expected in December 2020.
In this partnership, Lanxess and Hüni will elaborate the individual concepts for initial customers, with Hüni focusing primarily on plant engineering and construction of the modules, while Lanxess will contribute its chemical process engineering and application expertise to the X-Biomer production.
The transaction is subject to regulatory approvals and is expected to close near year-end.
As per the deal, Orocobre will PPES up to 30,000 tonnes of lithium carbonate equivalent (LCE) per year by 2025 with initial deliveries commencing from 2021.
The company intends to raise Rs. 750 crore via QIP and Rs. 250 crore via non-convertible debentures.
Company's sales in Q1FY21 stood at Rs. 700.23 crore, which declined by 42.13% .
Under the agreement, DKSH will provide marketing and sales, inventory, business development as well as distribution and logistics for ddchem.
With the acquisition, Borealis will broaden its extensive and sophisticated portfolio, with complementary products and technologies for semi-conductive, flame retardant, rubber and silane cross-linkable compounds.
The company is unsure of the manpower situation for expanding the manufacturing operations for new projects due to Covid-19 lockdown.
The company is planning a mega expansion plan with respect to chemicals such as Caustic Soda, Chloromethanes, Phosphoric Acid, Hydrazine Hydrate and Chlorotoluene.
The company's sales fell by 51% YoY and stood at Rs.41.36 crores in Q1FY21.
Vitalus Nutrition focuses on unlocking the nutritional value of milk and transforming its components into ingredients used in nutritional food and beverage applications, like VITAGOS.
Company has postponed the commencement of regular operations by the unit due to increasing number of Covid-19 cases in the state of Punjab.
The company's sales fell by 19.63% YoY and stood at Rs.106.11 crores in the first quarter.
The German chemical giant is battling thousands of lawsuits in the US arising from its takeover of rival Monsanto.
Dow’s sites in Sabine, Beaumont, Deer Park, La Porte, Bayport and Texas City safely shut down operations prior to Laura making landfall.
The fundraise will allow the company to deliver the first phase of the definitive feasibility study (DFS) for the Dogou Extension (DX) Sylvenite project.
Mardie project will produce 4.4Mtpa of high-purity salt and 120ktpa of sulphate of potash via solar evaporation of seawater.
The company has opened a regional office in Gujarat and hired several employees to lead its India operations.
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