IFC, a member of the World Bank Group, is providing up to $35 million in loans toward construction of a new chemical factory near Egypt's Red Sea coast, an Indian-Egyptian joint venture that will employ hundreds of people, spur the local economy an
The Lucknow-based Indian Institute of Toxicology Research has said that no leachability study has been carried out with respect to composition of gutkha, which is packed in sachets to assess the safety and toxicity.
CRISIL Research has come out with its report on Sudarshan Chemical Industries. The research firm has initiated coverage on the company with a fundamental grade of "˜4/5' and has maintained the fair value of Rs 764 per share.
Jacobs Engineering has received a contract from DuPont Titanium Technologies (DuPont) to provide full engineering procurement and construction management (EPCM) services for the company\'s Mexicotitanium dioxide capacity expansion project.
ICRA has rating outstanding of LBB with a stable outlook and A4 to the Rs. 20 crores fund-based limits and Rs. 5 crores non-fund based limits respectively of Albright & Wilson Chemicals India Limited (AWCIL). ICRA also has long term rating of LBBB-(S
Credit rating agency, ICRA has revised the rating assigned to the Rs 7.2 crore term loans and the Rs 2 crore million long-term fund based limits of Saboo Sodium Chloro (SSCL) from LBB+ to LBB. The outlook on the long term rating is stable.
Use of ethanol as feedstock rather than as fuel can earn a net benefit of around USD 297 million, a Confederation of Indian Industry (CII) study has found.The CII had conducted a comparative analysis of economic and environmental use of ethanol for d
Best Value Chem has proposed to increase the capacity of some of its perfumery products and also discontinue some of the chemicals manufactured at its Karakhadi unit in Gujarat's Vadodara district.
CRISIL has reaffirmed its ratings on the bank facilities and debt programme of Coromandel International Ltd (Coromandel; formerly, Coromandel Fertilisers Ltd) at "˜AA+/Stable/P1+'. The reaffirmation follows Coromandel's announcement that it plan
The global chemical industry has undergone a transformation since major financial crisis of 2008. The chemical industry benefitted from industry discipline and rapid economic recovery, especially in China and India. Despite unplanned outages, the ind
Reliance maintained its leadership in the domestic market with a commodity polymer production share of 47%. RIL's polymer production for the year remained unchanged despite turnaround activities carried out during the year. RIL's cracker operatin
CRISIL has reaffirmed its "˜AA/Stable/P1+' ratings on Nirma Ltd's (Nirma's) outstanding debt programme and bank facilities. The ratings continue to reflect Nirma's healthy financial risk profile and established market position in the deterge
LyondellBasell today announced its intention to seek a buyer for the 105,000 barrels-per-day refinery at Berre, France operated by its subsidiary, Compagnie Petrochimique de Berre S.A.S (CPB). An investment banking firm will be retained to assist wit
Insecticides (India), one of the fastest growing companies in agrochemicals Industry, posted a 20% rise in revenues and a 14% jump in the net profit for the FY 2010-11, over the previous year. While the company saw its net profit touching Rs. 32.21
Ashland Inc. and International Specialty Products Inc. (ISP) today announced that Ashland has agreed to acquire privately owned ISP, a global specialty chemical manufacturer of innovative functional ingredients and technologies. Under the terms of th
Indian Oil Corporation Ltd. (IndianOil) has reported an excellent performance for the year 2010-11. Riding on a robust performance driven by the highest ever sales of petroleum products and high capacity utilization of refineries and pipelines, the C
BASF SE and INEOS Industries Holdings Limited have made an important step towards the establishment of the joint venture company Styrolution. On May 27, 2011 the companies signed a joint venture contract, which regulates the formation of the joint ve
CRISIL's ratings on the bank facilities of Pondy Oxides & Chemicals Ltd (POCL, part of the Bansal group) continue to reflect the Bansal group's established market position in the metallic oxides industry, its strong operational capabilities, and
Brian Davis took up the role of Shell Vice President (VP) for Global Base Chemicals on May 1, 2011. He succeeds Graham van't Hoff who has been appointed Chairman for Shell in the UK. Prior to this appointment Brian was Vice President Downstream Str
BASF will build the world's largest single-train TDI (toluene diisocyanate) plant in Europe. The plant will have a capacity of 300,000 metric tons per year and will be fully integrated with precursor production. The TDI plant will be located at one
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