Latest Indian Chemical and Petrochemical News, statistics, Research and events... indianchemicalnews.com | Page 1164
Petrochemical
Petrochemical | 25 January 2011

ICC offers suggestions on draft CRZ notification

The Indian Chemical Council (ICC) has termed the draft Coastal regulation Zone (CRZ) notification as well drafted and one which will help in preserving, conserving coastal regions and marine biology besides in sustainable development of the coastal r

Chemical
Chemical | 25 January 2011

CRISIL reaffirms \'AA-/Positive/P1+\' ratings of Sud-Chemie India

CRISIL's ratings on Sud-Chemie India Pvt Ltd's (Sud Chemie India's) short-term debt programme and bank facilities continue to reflect Sud Chemie India's strong joint venture (JV) tie-up with Sud Chemie AG (SCAG), Germany, Sud Chemie India's

Chemical
Chemical | 25 January 2011

CRISIL reaffirms \'BB+/Stable/P4+\' ratings of Amines & Plasticizers

CRISIL's ratings on the bank facilities of Amines & Plasticizers Ltd (APL) continue to reflect APL's weak financial risk profile marked by small cash accruals and weak debt protection metrics. These rating weaknesses are partially offset by APL"

Petrochemical
Petrochemical | 24 January 2011

Haryana-based co wants to expand distillery unit

Haryana Organics has proposed to expand and modernise its distillery and captive power plant at Chulkhana in Panipat district. The existing unit produces 25 KLPD of distillery products using molasses and grain and wants it to increase it to 100 KLPD.

Chemical
Chemical | 24 January 2011

GACL partners with Evonik for HPPO project

Chemical major Gujarat Alkalies and Chemicals Limited (GACL) has entered into an agreement with a Germany-based specialty chemicals maker, Evonik Industries for setting up a multi-million hydrogen peroxide and propylene oxide (HPPO) project at Dahej

Chemical
Chemical | 24 January 2011

Omkar Speciality Chemicals IPO to open on Jan 24

Omkar Speciality Chemicals is entering capital market with an initial public offering (IPO) of 8.10 million equity shares of Rs 10 each on January 24. The issue constitutes 41.27% of the fully diluted post issue paid-up capital of the company.

Petrochemical
Petrochemical | 21 January 2011

ICC calls for zero import duty on feedstocks, ethanol, coal, catalysts

The Indian Chemical Council (ICC) has suggested zero import duty for feedstocks like naphtha and hydrocarbons and also chemical items like ethanol, coal and catalysts. "For the Indian chemical industry to be competitive, there is an imperative need

Chemical
Chemical | 20 January 2011

ICRA revises the ratings for bank facilities of India Carbon

ICRA has upgraded the long-term rating outstanding on the Rs.1.25 crore term loan and the Rs. 19.03 crore fund based bank limits of India Carbon Ltd (ICL) from LBBB to LBBB+ . The outlook on the long-term rating is stable. ICRA has also upgraded the

Petrochemical
Petrochemical | 20 January 2011

Patel Pesticides proposes new unit in Gujarat

Patel Pesticides (India) has sought the Environment and Forests Ministry's clearance for its proposed pesticide manufacturing unit at Nandesari in Gujarat's Vadodara district. The company wants to manufacture 100 MTPM of profenofos. The by-produc

Petrochemical
Petrochemical | 19 January 2011

SI Group-India wants reduction of import duty on olefinic products

SI Group-India has requested the government to reduce import duty on crucial olefinic products to a level not exceeding 5 percent ad valorem. In a letter to the Department of Chemicals and Petrochemicals, SI Group also called for correction of invert

Chemical
Chemical | 19 January 2011

Gujarat Flourochemicals bags carbon credits award

Gujarat Flourochemicals has been awarded carbon credits for the first time since the United Nations concluded a probe into projects claiming emission reductions of industrial gases.

Chemical
Chemical | 19 January 2011

Fire at IndianOil's lube blending plant in Taloja, Navi Mumbai

A major fire, which broke out at Indian Oil Corporation's lube blending plant at Taloja in Navi Mumbai in the late hours of Monday night has been completely put out by 7.30 am, with no casualties or injuries.

Chemical
Chemical | 19 January 2011

Fitch sees stable outlook for Indian oil and gas for 2011

Fitch Ratings outlook for Indian oil and gas is stable for 2011based on its expectation of no weakening of the ties between the government and its majority owned oil companies, which dominate the sector in the country.

Petrochemical
Petrochemical | 18 January 2011

ICC wants increase in peak import duty on chemicals

The Indian Chemical Council (ICC) has called for hike in the peak import duty on chemical products in India saying a low duty level is against a scenario of rising costs of finance, fuels and power.

Petrochemical
Petrochemical | 18 January 2011

India Glycols proposes pilot plant in Uttarakhand

India Glycols has moved the Ministry of Environment and Forests for environmental clearance for installation of a pilot plant at Kashipur in Uttarakhand's U S Nagar district to produce ethanol.

Petrochemical
Petrochemical | 17 January 2011

LRC Surfactants proposes chemical unit in Uttarakhand

LRC Speciality Surfactants has approached the Ministry of Environment and Forests for environmental clearance for its proposed chemical unit at Lakeshri in Uttarakhand's Hardwar district. The total cost of the project is Rs 3.50 crore and the land

Chemical
Chemical | 17 January 2011

IndianOil and LanzaTech sign MoU for fuel grade ethanol technology

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

Chemical
Chemical | 17 January 2011

CRISIL revises rating outlook on MCC PTA India to \'Stable\'

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

Chemical
Chemical | 17 January 2011

Lanxess continues expansion in India with high-tech plastics facilities

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

Chemical
Chemical | 14 January 2011

United Phosphorus converts FCCB worth US$150mn

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

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