Chemical | 20 August 2020
IMCD acquires Brazil-based speciality ingredient distributor
The company will be fully integrated into IMCD’s organisation in 2021.
The company will be fully integrated into IMCD’s organisation in 2021.
Company has selected Herøya Industrial Park as the site for a potential large-scale plant for battery graphite production.
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Gevo will license its technology and Praj will provide technology, plant equipment and EPC services to sugar mills and ethanol plants to produce renewable isobutanol from 1G feedstock (cane juice, cane molasses, sugar syrup, etc.) and 2G feedstock (cellulosic biomass like straws, bagasse, etc.)
The annual production capacity of the new plant is 120,000,000 kiloliters per year.
The additional capacity is expected to come on stream by mid-2022.
Kishor Rungta is presently the CMD of The Fertilizers And Chemicals Travancore Ltd (FACT).
Øistein Jensen has been appointed as the company’s first Chief Sustainability Officer leading ESG matters.
Closure of the plant become inevitable due to a declining BDO market size in Japan and significant overcapacities in Asia.
The overall objective was to create a range of bio-based prepolymers which allow the PU processor to produce components with a reduced CO2 footprint.
Sales increased by by 16% YoY to DKK 3,202 million.
BASF India has acquired 100% stake in BASF Performance Polyamides India Private Limited from BASF Nederland B.V. and BASF SE for an aggregate consideration of Rs. 302.90 crore.
The new CDTaee unit will not only help Hellenic meet its biofuel requirements in Greece, but also resolve blending constraints and produce a high-octane gasoline-blending component, TAEE (Tertiary Amyl Ethyl Ether).
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The new agreement reinforces the partnership and consolidates the commitment of both companies to the recycling of high quality polyethylene and polypropylene from domestic and industrial plastic waste.
Deal is for a 10-year period covering maintenance services for gas turbines of ETHYDCO’s petrochemical complex in Alexandria.
The Amur GCC, with investments of up to $11 billion, is set to start producing 2.3 million tonnes of polyethylene and 400,000 tonnes of polypropylene per year beginning in 2024-2025.
Scott Rock will replace Mark Davis, who has been president and CEO since the company's founding in 2001.
The exports of Agri commodities during March 2020 to June 2020 were Rs. 25552.7 crore against an export of Rs. 20734.8 crore during the same period in 2019, showing a sharp increase of 23.24%.
The Paradeep unit has been temporarily shut-down for maintenance work from 15th August 2020.
Plant was shut due to non-availability of labor and spread of Covid-19 pandemic in the industrial belt around the plant.
The company has reported a decline in revenues by 46% YoY and total income stood at Rs.938.59 crores.
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