Lotte Chemical has agreed to receive 450,000 tons of PTA products per year through Hanwha General Chemical from July of this year.
Company expects the hit on turnover to be in the range of 25 to 30% and profitability to be hit by about 50% at PBT level over last year.
GHCL Limited has incorporated a wholly owned subsidiary GHCL Textiles Limited on June 17, 2020.
The chemical manufacturing giant, will reduce carbon emissions, make products reusable or recyclable, and increase recycling with the goal of being carbon neutral by 2050.
Exploration seeks to accelerate Singapore’s journey towards a more sustainable energy future
The new power plant will replace an existing reserve gas-fired power plant on site, and, in so doing, complements another, likewise new power plant that Evonik has recently begun building in Marl.
Board recommends a Final Dividend of Rs. 11 /- per share (110%).
Annual sales declined 13.98% to Rs 1084.79 crore in 2020 as against Rs 1261.04 crore last year.
The new collaboration will bring together Technip Energies’ well-established expertise in fluid bed technologies and process development with Clariant’s longstanding experience and knowledge in the development, manufacturing and supply of catalysts for the petrochemical industry.
The contract will see the deployment of Honeywell Forge, an advanced Enterprise Performance Management software platform with robust cybersecurity capabilities that simplify, strengthen and scale industrial cybersecurity operations.
The company has recommended final dividend of Rs. 3 per share of face value of Rs. 2/- each.
The ministry has also extended the timeline for submission of representation by the stakeholders from 45 days to 90 days.
The company said it is halting work on a new dicamba plant in Luling, Louisiana, because global overcapacity for producing the chemical made the investment less attractive.
As part of this MoU, Lygos will provide its proprietary yeast platform to Praj for jointly developing into various solutions for commercial applications.
The new plant operates a 300,000 tonnage crude oil terminal and also berths that can dock vessels with capacity to carry 100,000 tonnes of refined products.
Rakesh Bhartia, CEO of India Glycols Limited has resigned from his position with effect from June 16, 2020.
The requirement of urea during Kharif season is estimated at 170 Lakh MT while production may be around 133 Lakh MT.
For April and May, total net sales declined in the aggregate by 48% excluding foreign exchange and divestiture impacts.
The acquisition will positions Aramco as one of the major global petrochemicals players.
The 8,500 square meter SSAM facility is currently being equipped with the latest technology and machinery prior to the testing and qualifying of processes designed to supply carbon fiber prepreg materials for primary structure applications in Boeing’s 777X program.
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