The partnership will help to explore new “green” subsurface business opportunities such as carbon capture storage, geothermal development and underground energy storage, etc.
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.
A project start-up date of Q4 2022 is targeted for the first line.
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.
As per the requirement, the scale of application for potential projects can range from demonstration level to commercial level.
The segment revenue for the company with respect to Dye Intermediate is expected to reach Rs. 500 crore by FY23.
The company did not disclose buyer of the stake.
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.
The solution will be deployed to help improve refinery margins with real-time, closed-loop, dynamic optimization increasing the flexibility of operations.
With an annual PTA production capacity of 1.5 million tons, this would be the largest single-stream design capacity licensed by Invista.
Aim of the partnership is to encourage the construction of factories that produce petrochemical import substitutions and expected to develop the petrochemical business in the Indonesia.
Hovsepian will succeed David Perry, who has stepped down from Indigo Ag after serving in the Chief Executive Officer position since December 2014.
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