The agreement allows DSM to offer customers rapid product development iterations for filaments and pellets based on application needs.
The change will be effective from July 1, 2020.
The partnership with Aramco would give Jamnagar refineries "access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher oil-to-chemicals conversion.
New facility has a designed production capacity of over 450,000 metric tons per year (m.t./yr).
The collaboration has been the result of over a year of evaluation, and their desire to expand their energy transition and circular economy offerings.
Axens will supply catalysts for the MAPD (methylacetylene and propadiene) and phenylacetylene hydrogenation units as well as the catalysts for the Pygas first and second stage units.
He takes over from Ulrich Küsthardt, who has held this position since 2015 and is now taking early retirement.
Pragya Bhartia Barwale holds a Bachelor of Arts degree in Economics and International Relations from Brown University, USA and a Master of Science degree in Development Economics from the University of Oxford.
PAT stood at Rs. 9,422 crore, up by 44% as compared to the last fiscal year.
The acquisition will contribute significantly to Chroma Color’s leadership in the colorants and additives industry
The company is debt-free and is having adequate cash reserves to meet its Capex requirements.
Sales rose 5.05% to Rs 20211.25 crore as against Rs 19240.13 crore in 2019.
The company's sales rose 21.59% to Rs 1630.61 crore as against Rs 1341.04 crore in the previous year.
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.
Subscribe to our newsletter & stay updated.
