Chemical | 29 July 2020
BASF earnings decline on COVID-19 aftermath, defers full year guidance
Sales in the three months through June fell about 12% to €12.7 billion euros.
Sales in the three months through June fell about 12% to €12.7 billion euros.
Sales dropped due to COVID-19 pandemic, which triggered a downturn in overseas caustic soda market conditions, weak petrochemical product sales prices, and lower export volumes of dental materials to Europe and the United States.
It is made from non-edible and de-oiled Neem cake fertiliser, originating from Maharashtra.
New classes of actives will be produced, such as pDNA and mRNA-based vaccines.
Sales stood at Rs 1,179 crore versus Rs. 2,016 previous year
The transaction was examined under the normal merger review procedure.
Since March, the company has distributed more than 10 million yards of reusable medical fabrics in response to the global shortage of personal protective equipment (PPE)
Sales drop to $1,247 million YoY versus $1,784
The hydrogen refueling station will have a capacity of around 1,600 kg of hydrogen per day, making it one of the largest hydrogen stations in terms of nameplate capacity ever built.
UOP’s acid gas removal technology, which includes UOP’s MemGuard and Separex technologies and adsorbents to remove contaminants such as carbon dioxide, hydrogen sulfide and mercury from natural gas, will be used at the facility.
Sales decline 38.79% to Rs 30.39 crore.
The project will help move forward in maturing the technology for green hydrogen production and turn it into a solution for efficient decarbonization in the medium term, both for the industry that uses it as a raw material and for processes that are difficult to decarbonize.
Partnership aims at rapidly advancing the development of 3D composite manufacturing, a groundbreaking innovation for strong, lightweight structures.
The transaction with AOC is expected to close prior to the end of calendar year 2020, contingent on customary regulatory approvals and standard closing conditions.
The new milestone was achieved as a result of successful waste reduction projects undertaken by chemical companies in the region in line with their commitment to sustainability and the circular economy.
The sale should be finalised by the end of the year, once the conditions of the sale have been satisfied.
The annual production capacity is planned to be 50,000 tons of cellulosic ethanol, processing around 250,000 tons of wheat straw, which is an abundant resource in the region, also known as the granary of Bulgaria.
The transaction is expected to close in the second half of 2020.
The JV will set up manufacturing units across the country with cost-effective logistics solutions, keeping innovation, safety and sustainability at the helm of its operations.
The acquisition marks Versalis’ entry into the high-performance formulated polymer applications sector, extending its positioning towards businesses that are more resilient to the volatility of the chemical scenario.
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