IndianOil and LanzaTech recently signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol. The MoU was signed in New Delhi by Sharat Meshram, executive direct
CRISIL has revised its rating outlook on the long-term bank facilities of MCC PTA India Corporation Pvt Ltd (MCC PTA) to "˜stable' from "˜negative', while reaffirming the rating at \'A-\'. The rating on the short-term facilities has been reaffi
Lanxess is continuing the expansion of its production site in Jhagadia in Gujarat. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tonnes per year. These facilities will start produ
United Phosphorus has informed BSE regarding allotment of equity shares of Rs 2 each upon conversion of Foreign Currency Convertible Bonds (FCCBs - II) for an amount not exceeding US$ 150 million. 1. Series A - US$ 70 million (Compulsorily convertib
The global textile chemicals and dyes market continued to face a challenging environment in 2009 and 2010 as depressed demand for garments and apparel cast a dampener on the textiles business. Textiles, a high volume traded commodity, also witnessed
Fate of the pulp and paper chemicals market is completely dependent on the paper industry and hence reflects the trends in the industry. The global paper industry, already reeling under the onslaught of increasing substitution in publishing by Intern
Saptagir Camphor has sought environmental clearance for expansion of its camphor manufacturing unit at Kothapalli in Andhra Pradesh's Anantapur district. In a letter to the Ministry of Environment and Forests, the company said it proposes to increa
Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province). This Chinese unit will complement Rhodia's existing global guar derivati
PI Industries has approached the Ministry of Environment and Forests for environmental clearance to its proposed chemical manufacturing unit at Jambusar in Gujarat's Bharuch district. The company proposes to manufacture 7,000 MTPA of 27 agrochemica
With economic activity picking up, growth in domestic demand for commodity polymers was strong in 2009-10, reporting a 19% year-on-year (yoy) increase as against 4% yoy in 2008-09. The buoyancy in growth has continued in the current fiscal, although
PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with Ineos to form a partnership in new trading and refining joint ventures related to the refining operations in Grangem
Fitch Ratings says that the credit profiles of Indian chemical manufacturers registered under the Clean Development Mechanism (CDM) could come under stress, in the event of a reduction of the benefits awarded through Certified Emission Reductions (CE
With economic activity picking up, growth in domestic demand for commodity polymers was strong in 2009-10, reporting a 19% year-on-year (yoy) increase as against 4% yoy in 2008-09. The buoyancy in growth has continued in the current fiscal, although
Subham Oils & Resins has moved the Ministry of Environment and Forests for environmental clearance to its plans for manufacturing alkyd resin at its existing unit at Surjopur in West Bengal's North 24 Parganas district. The total cost of the projec
Saudi International Petrochemical Company (Sipchem) announced that it has awarded the engineering, design and construction (LSTK) contract for its ethyl acetate plant to Korean company eTEC. The plant will produce ethyl acetate and butyl acetate with
FMC Wyoming Corporation announced today that it will restart its Granger production facility by July 1, 2011, in response to strong export demand for soda ash.
CRISIL has assigned "˜P4+' to the letter of credit facility of Rotomac Polymers Pvt Ltd (RPPL), which is a part of the Rotomac group. The rating reflects Rotomac group exposure to significant debtor risk, with unstable customer and product profile
CRISIL has assigned "˜AA-(so)/Stable/P1+(so)' ratings to the bank facilities of Kribhco Shyam Fertilizers Ltd (KSFL). The ratings are based on the strength of an unconditional and irrevocable guarantee provided by KSFL's parent, Krishak Bharati
Jayshree Chemicals Ltd has commissioned its 152 TPD chlor-alkali plant with the latest state-of-the-art pollution free membrane cell technology based plant with the technical assistance from Uhde Gmbh, Germany, ahead of schedule with a total capital
Cambay Organics has sought environmental clearance for expanding its existing manufacturing unit at Sokhada in Gujarat's Anand district.In its presentation to the Ministry of Environment and Forests, the company says that it wants to expand product
Subscribe To Our Newsletter & Stay Updated
