Petrochemical | 26 May 2020
Covestro launches circular economy program
The company plans to conduct numerous research projects to promote recycling.
The company plans to conduct numerous research projects to promote recycling.
Going forward, Elkem will have three business divisions: Silicones, a fully integrated silicones producer; Silicon Products, a provider of silicon, ferrosilicon and related specialty products; and Carbon Solutions, a supplier of electrode paste and speciality products to the ferroalloys, silicon and aluminium industries.
Erik van Praet holds a PhD in Quantum Chemistry and a Master degree in Chemical Engineering from the University of Leuven, Belgium. He is a board member of both the Dutch Polymer Institute and Borealis Technology Oy.
The Chemical Plant PFS demonstrates the economic benefit of developing a lithium chemical business in North Carolina, USA, with its exceptional infrastructure, low operating costs and competitive tax regime.
Celanese Corporation, a global chemical and specialty materials company, today announces it has filed a petition with the European Commission’s Directorate-General For Trade seeking Anti-Dumping duties on imports of Ultra-High Molecular Weight Polyethylene (UHMWPE) from Korea Petrochemical Industry Co., Ltd. (KPIC) of Seoul, South Korea, into the European Union.
The 3D designed unique and safe face shield provides complete protection to facial area including eyes, nose and mouth from sprays and droplets. The indigenous face shield also provides hassle free respiration and very convenient to use.
The investment at facilities in Europe and the U.S. will bring additional capacity on stream during Q1 2021.
This is part of Mondi’s efforts to mitigate the spread of COVID-19 and respond to increased demand by health authorities, businesses and consumers for face masks.
Neogen Chemicals Limited Q4 FY20 revenue was up by 3% to reach Rs. 82 crore whereas FY20 revenue was up by 28% to reach Rs. 306 crore.
Company's operational PAT (Profit After tax) has increased by 18.33% to reach Rs. 108.71 crore in Q4 FY2019-20 vis-a-vis Rs. 91.87 crore in Q4 FY2018-19.
In order to prioritise domestic requirements over exports and also to ensure availability of high quality hygiene products to the end consumer, DFPCL is gradually shifting its focus from a key raw material supplier of IPA for hand sanitizers market to the final hand sanitizer product producer.
The board of directors of Deepak Ferilisers and Petrochemicals Corporation Limited (DFPCL) have considered and approved raising of funds by way of issue of equity shares to the existing equity shareholders of the company for an issue size of upto Rs. 180 crore.
The company has been meeting all its financial and contractual obligations so far. Further, the company is also evaluating the effectiveness of “Forward Contract” in its foreign currency transactions due to volatility in the currency rates especially in US dollar to rupees.
The company has also launched a ‘Safe Painting’ campaign for ensuring safety of painters and assurance to customers for a safe painting experience at home.
Natural gas output from Dhirubhai-1 and 3 gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production itself in 2010 and the field ceased to produce in February this year much ahead of its projected life.
The court, in interim orders, directed that the company shall be completely seized and no one including the Directors of the company be allowed to enter the premises.
The company has resumed operations at its Kalyan plant in Maharashtra with effect from 23rd May, 2020 in a phased manner.
The company has also started production of Propylene Oxide in Plant 2 after doing trials for a week. With this all the facilities have restarted and would be operated based on market conditions.
The annual revenue of Chambal Fertilisers and Chemicals has increased by 21% YoY to reach Rs. 12,206 crore whereas annual profit is up 125% YoY to reach Rs. 1,224 crore.
Huntsman Corporation has announced that it has branded its world leading spray polyurethane foam (SPF) Business as Huntsman Building Solutions (HBS).
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