Petrochemical | 28 July 2020
Total to sell Lindsey refinery to Prax
The sale should be finalised by the end of the year, once the conditions of the sale have been satisfied.
The sale should be finalised by the end of the year, once the conditions of the sale have been satisfied.
The annual production capacity is planned to be 50,000 tons of cellulosic ethanol, processing around 250,000 tons of wheat straw, which is an abundant resource in the region, also known as the granary of Bulgaria.
The transaction is expected to close in the second half of 2020.
The JV will set up manufacturing units across the country with cost-effective logistics solutions, keeping innovation, safety and sustainability at the helm of its operations.
The acquisition marks Versalis’ entry into the high-performance formulated polymer applications sector, extending its positioning towards businesses that are more resilient to the volatility of the chemical scenario.
The construction including building expansion will start in coming October and operations are scheduled to start in 2022.
The operating ammonia urea plant was temporarily shut down on July 1, 2020, due to the non-execution of amendment to the escrow agreement of the company.
Company's annual revenue drops to Rs. 676.73 crore compared to Rs. 769.39 crore of previous year
Sales decline 67.98% to Rs 262.14 crore
With this agreement, Azelis will lead the distribution arm of the Coatings, Adhesives, Sealants & Elastomers (CASE) business both in the United States and Canada.
New material could capture more than 90 percent of CO2 from industrial sources and requires less energy for overall carbon capture process
Company's net profit stood at Rs 51.79 crore in Q1 FY21 as against Rs. 14.67 crore last year.
Hengli can now produce high-quality alkylate product from 100% isobutylene feed.
Circular ethanol derived from this process can be blended with gasoline displacing fossil inputs with recycled carbon, lowering the fuel’s carbon footprint.
Initiative will help in making farming sector Atmanirbhar.
Company taking appropriate measures to reduce its fixed costs and conserve cash.
This increase in output will help significantly expand nitrogen fertilizer and NPK output.
Sales decline 62.08% to Rs 292.27 crore
The UOP Chlorsorb technology achieves up to 99% chloride removal efficiency, eliminates the need for caustic scrubbing, and reduces operating cost of a CCR Platforming unit.
Consolidated net profit increased by 301% YoY in the June quarter of FY21.
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