The revenue of Q1 FY2020-21 ending 30th June, 2020 has been badly impacted due to partial running of the operations however it is not quantifiable at this stage. Even profitability is likely to be affected adversely owing to lower capacity utilization.
With the impact of COVID-19 outbreak globally and the downturn in oil and gas market prices, companies are announcing project delays.
Company expects to invest between $650-$750 million in its renewables business, with an expected aggregate internal rate of return of 20-30%.
The plant uses Air Products’ proprietary Prism technology to produce Nitrogen by the Pressure Swing Absorption (PSA) process.
The LanzaJet process can use any source of sustainable ethanol for jet fuel production, including, but not limited to, ethanol made from recycled pollution, the core application of LanzaTech’s carbon recycling platform.
The transaction is expected to be finalized in the second quarter of 2020.
AGC will prepare for the plant to resume full-scale operations by April 2021.
The sale of Arkema’s functional polyolefins business to SK Global Chemical was finalized on June 1st and is fully in line with the strategy to refocus the group’s activities on specialty materials.
The project provides for the construction of a plant for the production of fuel-cell grade hydrogen, logistics infrastructure, and hydrogen refuelling stations.
The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth.
The Department prescribes minimum 60%, 70% and 80% local content for FY2020-21, FY2021-23 and FY2023-25 respectively of local chemicals and petrochemical contents in public procurement.
Bonnie was chief financial officer of the North America region.
Baan joins Topsoe from a position as CEO of Outokumpu.
The factories located at Tarapur and Navi Mumbai are operating at near normal capacity with some sporadic disruptions due to transportation, manpower and material issues.
The company feels that the business did not face any significant disruption and the company does not foresee any major adverse impact going forward due to COVID-19.
The business will be integrated into Solenis as part of its direct-to-market strategy.
The plant, set to produce 200,000 metric tons annually, is expected to come online in 2023.
New global export hub to support Braskem's U.S. Polypropylene production facilities with packaging, warehousing and shipping services to international customers.
The company plans a $25 million process safety and control systems upgrade to the facilities and will start production in two new oxide reactors by the end of this year.
Technology would create additional demand for acetic acid.
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