Chemical | 24 June 2020
Alkyl Amines reports a strong growth in profits
For the full year, the company has posted net profit of Rs. 201.32 crore FY20 as against Rs. 86.10 crore in FY19.
For the full year, the company has posted net profit of Rs. 201.32 crore FY20 as against Rs. 86.10 crore in FY19.
Sales down by 20% across April and May with similar demand trend seen for June as well.
Annual sales stood at Rs.3272.55 crores as against Rs.3548.49 crores in the previous year.
The transaction is expected to close in the third quarter of 2020.
The JM designed methanol production plant takes syngas as a feed and combines advanced JM catalysts to produce stabilized methanol as a product, which is used to produce olefins in a downstream unit.
This will enable Grace to continue to meet growing global demand in a thriving specialty silica segment, where there is active innovation that enables future growth for key industries.
The estimated cost of the project is around Rs. 13,270 crore and total capacity of urea is 12.7 lakh MT at Talcher.
The project will help advance Canada’s plant protein ecosystem.
Results are expected to be modestly better than forecast in polyurethanes but weaker in textile effects.
Committee also concluded that esbiothrin should not be approved for use in insecticides and acaricides as it poses an unacceptable risk to human health.
The news comes as global automakers move to secure electric vehicle batteries in anticipation of a rise in EV sales due to government subsidies and quotas worldwide seeking to cut carbon emissions.
The name change represents Hitachi Chemical's determination of opening its new chapter as a consolidated subsidiary of SDK.
Polypropylene capacity in Asia is expected to increase from 47.25 million tpy in 2019 to 78.04 million tpy in 2024, at an average annual growth rate (AAGR) of 10%.
GeM has taken this significant step to promote ‘Make in India’ and ‘Aatmanirbhar Bharat’.
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India plans to invest $24 billion to produce 15 million tonnes of compressed biogas from 5,000 plants by 2023, and wants bio-manure, a byproduct, to contribute to the growth of organic farming.
Progresses seven-unit U.S. Gulf Coast mega project to the cusp of completion says the CEO
The company reported 50.27% rise in consolidated net profit to Rs 131.20 crore on 3.3% rise in total income to Rs 1,730.04 crore in the year ended 31 March 2020 (FY 2020) over FY 2019.
Chemical production was lower in all regions, with the largest year-ago declines in the West Coast, Ohio Valley and Midwest regions.
Use of the technology has the potential to be part of bp’s aim to install methane measurement at all major oil and gas processing sites by 2023, publish the data and then drive a 50% reduction in methane intensity of its operations.
The extended contract will provide Celanese’s Nanjing facility with an ongoing and reliable supply of carbon monoxide for its 1,200 kiloton acetic acid plant.
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