Chemical | 23 June 2020
Sasol's alcohol unit at Lake Charles achieves beneficial operation
Progresses seven-unit U.S. Gulf Coast mega project to the cusp of completion says the CEO
Progresses seven-unit U.S. Gulf Coast mega project to the cusp of completion says the CEO
The company reported 50.27% rise in consolidated net profit to Rs 131.20 crore on 3.3% rise in total income to Rs 1,730.04 crore in the year ended 31 March 2020 (FY 2020) over FY 2019.
Chemical production was lower in all regions, with the largest year-ago declines in the West Coast, Ohio Valley and Midwest regions.
Use of the technology has the potential to be part of bp’s aim to install methane measurement at all major oil and gas processing sites by 2023, publish the data and then drive a 50% reduction in methane intensity of its operations.
The extended contract will provide Celanese’s Nanjing facility with an ongoing and reliable supply of carbon monoxide for its 1,200 kiloton acetic acid plant.
Net profit for Q4FY20 was Rs. 32.4 crore as compared to Rs. 27.0 crore in Q4FY19.
The production capacity of the planned facility at Dahej is 105,000 TPA.
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The process technology will be used for a 450 KTA polypropylene plant to be built in Panipat, Haryana State, India.
Company finalizing arrangements to hire a successor.
The partnership will help in exploring digital coatings solutions for the automotive industry.
Total income dipped to Rs 1,510.96 crore in 2019-20 from Rs 1,591.87 crore in the previous year.
The expansion will add capacity for products including methyl ethyl ketone peroxides (MEKP) as well as dibenzyl peroxide (BPO) pastes and waxes.
The company expects its long term contract execution to be on track and it does not believe any significant impact of COVID-19 to those contracts.
Operators need to have forward-looking transparency into vendor financial health to mitigate supplier distress
Annual net profit grew by 13% to Rs 237.46 crore over the previous year.
The sales declined by 38.08% to Rs 5017.15 crore as against Rs 8102.90 crore in 2019.
The company's sales also declined 6.25% to Rs 1004.70 crore as against Rs 1071.73 crore in the corresponding previous year.
KBR will license its technology and engineering services and LTHE will be the EPC provider with specific focus in India, South East Asia, the Middle East and Africa.
This facility is designed to reach 24k ton capacity per year to meet growing local demand for international standard quality Hydrogen Peroxide for the textile industry and other applications.
The company plans to invest 10 billion yen ($93 million) on the project with commercial operations to commence from January 2023.
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