Nova Chemicals today announced the execution of definitive agreements with Hess Corporation (Hess) and Vantage Pipeline Canada Inc./Vantage Pipeline US LP (Vantage) to purchase and transport ethane production from Hess' Tioga Gas Plant in North Dak
2010 was a record year for BASF and the company has also moved forward in its goal of expanding its leading position. Its portfolio has been further optimized through the integration of the Ciba activities and the acquisition of Cognis. In the styren
CRISIL has downgraded its rating on the long-term bank facilities of Polychroic Petrochemicals Pvt Ltd (PPPL) to "˜B-/Stable' from "˜B/Stable', while reaffirming the rating on the short-term facility at "˜P4'.
CRISIL"˜s ratings on the bank facilities of Arjun Chemicals Pvt Ltd (Arjun Chemicals) continue to reflect Arjun Chemicals' healthy financial risk profile, marked by comfortable gearing and debt protection metrics, and its established presence in t
Jacobs Engineering Group announced today that it signed a contract in Dec. 2010, with the Saudi Industrial Investment Group (SIIG) and Arabian Chevron Phillips Petrochemical Company Limited (ACP) to provide engineering, procurement and construction m
ICRA has assigned LBB+ rating to Rs. 17.50 crore fund based facilities of Godavari Polymers Private Limited (GPPL). ICRA has also assigned an A4 rating to Rs.23.50 crore non-fund based facilities of GPPL. The outlook on the long-term rating is Stable
Ube Industries Ltd and HighChem announced that they will license their technologies for transforming a synthetic gas (a mixture of carbon monoxide and hydrogen gases) derived from coal gasification into a polyester feedstock to the Chinese firm Qianx
Reliance Industries Limited (RIL) and BP today announced a historic partnership between the two companies. Mukesh Ambani, CMD, RIL and Robert Dudley, BP Group chief executive, signed the relationship framework and transactional agreements in London
Bayer is taking a new direction in the production of high-quality plastics with the help of carbon dioxide (CO2) from the energy sector. A pilot plant has come on stream at Chempark Leverkusen to trial the new process on a technical scale. The plant
BP recently confirmed that it is proceeding with its project for a major increase in purified terephthalic acid (PTA) production capacity at the BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China, a JV between BP and Zhu
BASF will present its wide-ranging expertise in the field of formulation additives at European Coatings Show (ECS) to be held on March 29 to 31 in Nuremberg, Germany, The company will showcase its innovative solutions in the areas of dispersing agen
Gujarat Narmada Valley Fertilisers Company (GNFC) today said New India Assurance (NIA) company has settled the claim of Rs 141.20 crore on account of explosion in one of its boilers this month.
CRISIL has reaffirmed its ratings of "˜BB-/Stable/P4+' on the bank facilities of Rama Phosphates Ltd (RPL). The ratings continue to reflect RPL's susceptibility to adverse changes in government regulations and its limited track record of profit
The Performance Products division of Huntsman Corporation (NYSE: HUN) today announced that it is going ahead with the engineering design for a 40,000 tonne capacity expansion program at its world-scale polyetheramine facility in Singapore.
The Japanese companies JGC Corporation and INPEX Corporation jointly with BASF SE have successfully completed test s of a new technology for the removal of carbon dioxide (CO2) from natural gas under high pressure. The performance of this new gas tre
India's largest naphtha cracker plant at IndianOil's Panipat Complex was dedicated to the nation by the union minister of Petroleum and Natural Gas, S Jaipal Reddy. The Naphtha Cracker Complex, built at a cost of Rs.14,439 crore will provide a si
Indorama Industries have requested the Department of Chemicals and Petrochemicals (DCPC) for basic customs duty reduction on basic raw materials PTMEG and MDI in the manufacture of Spandex from 7.5 per cent to 2 per cent.
Voicing concern over the misuse of the duty free import authorisation scheme by traders, the Indian Chemical Council has called for its review and appropriate and necessary modifications.
As part of the strategic realignment of the Paper Chemicals division, BASF will be closing down its production facility for the manufacture of basazol dyes at the Ludwigshafen (Germany) site. In future, the demand for paper dyes in Europe will be ser
Rashtriya Chemicals and Fertilizers has posted a net profit of Rs. 68.36 crore for the quarter ended December 31, 2010 as compared to Rs. 77.78 crore for the quarter ended December 31, 2009. Total Income has decreased from Rs. 1619.97 crore for the
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