Alliance will center on sales of degassing modules for water treatment with the aim of broadening sales channels in Asia, the United States and Europe.
The manufacturing of four new specialty chemicals is expected to be completed during FY 2020-21.
The new facility will produce Methyl, Butyl, and Octyl Tin Stabilizers, further expanding the global reach of its Mark Tin Stabilizer portfolio.
The company's sales dropped by 29.7% YoY and stood at Rs. 65.40 crores.
The acquisition gives the company accelerated access to unique low curing technology that will open up exciting new market opportunities.
Company is the second largest coating company in India and a market leader in industrial coatings in the country.
In the month of August 2020, Container Terminal 3 at Mundra port handled 212,613 TEUs creating a national record of highest volume handled by any terminal in a month in India.
Company's first quarter stood at Rs. 44.5 crore as against Rs. 85.06 crore in the same period last year.
Company expects to deliver about one ton of high purity CBG through fermentation as an alternative to the traditional production method of extraction from the Cannabis sativa L. plant.
India has initiated anti-dumping investigation concerning imports of rubber chemical PX-13 from China, South Korea and USA. The investigation was initiated on the application filed by NOCIL Limited which alleged that material injury to the domestic industry is being caused due to dumped imports from China PR, Korea RP, and USA.
According to the agreement, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil per year derived from waste tires.
Program will run from 1st -15th September 2020 where all PSUs and other organizations under the Department are participating in the Swachhta Abhiyan in a big way.
Methanol will be the first product to be distributed to customers in Indonesia.
This opportunity will enable Veolia to build the French world champion in ecological transformation, while accelerating international development and strengthening the new entity’s capacity for innovation.
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.
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