LG Chem's carbon emissions are projected to be about 40 million tons in 2050, which requires more than 30 million tons to be reduced for carbon-neutral growth.
The company is working with the lenders and gas supplier for the extension of the escrow agreement and expects to resume the operations very soon.
The new unit utilises Sulzer’s patented extrusion-based melt impregnation technology and has the capacity to produce over 10 000 tpy of EPS from both recycled as well as virgin materials.
The two companies will collaborate exclusively in key regions, using their complementary technology, engineering and project execution strengths to develop projects supplying green hydrogen.
The project, which started in 2019 and is planned to be completed in 2023, is expected to create nearly 200 direct jobs.
Working together, the two companies are leveraging their deep experience in chemistry and 3D printing technologies to drive the next level in additive manufacturing production.
New tank pit with storage capacity of 12,700 cbm built specifically for specialty chemicals at a time of increased demand.
The company has sufficient export and domestic orders in hand to scale up the production capacity utilization and also has sufficient stock of raw materials to meet the production requirements.
First quarter fertilizer sale was up by 21.5% to reach 12.85 Lakh MT in comparison to 10.75 Lakh MT in Q1 FY2018-19.
During the period 64.82 lakh MT of Urea (67% higher as compared to last year), 22.46 lakh MT of DAP (100% higher than last year), and 24.32 lakh MT of COMPLEX Fertilizers (120% higher than last year) were sold to the farmer community.
For his new assignment Vinod Paremal will move to Mumbai as soon as the Covid-19 situation allows.
The series B follows a $7.5 million venture round in July 2018 and brings the company’s total raised funding to $66 million.
Having sold 10.1% of VPC shares to the Bank, Acron Group reduced its stake in the project to 50%+1 share.
Partnership is focused on fundamental research to provide low-carbon energy solutions while meeting global energy demand.
Aim is to help develop the next generation of fiber-based materials to replace plastics used in food packaging, filters, hygiene products and other goods.
Equinor and its partners will mature the project towards a final investment decision during 2023 with potential first production by 2026.
MMPA includes wood products manufacturers and key industry players in the US, and promotes not just the interests of its members but also the use of sustainable forests, giving preference to recyclable and renewable resources.
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R Plus Japan was established by 12 cross-industry partners within the Japanese plastics supply chain.
The scope of work of the joint venture includes engineering, construction, pre-commissioning and commissioning of the urea plant including all utilities, urea handling, storage tanks and site civil buildings.
With this acquisition, Avient now expects over 85% of adjusted EBITDA to be generated from specialty applications.
TotalEnergies - Gurin Energy selects Saft’s battery energy storage system for first Japanese project
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