Closure of the plant become inevitable due to a declining BDO market size in Japan and significant overcapacities in Asia.
The overall objective was to create a range of bio-based prepolymers which allow the PU processor to produce components with a reduced CO2 footprint.
Sales increased by by 16% YoY to DKK 3,202 million.
BASF India has acquired 100% stake in BASF Performance Polyamides India Private Limited from BASF Nederland B.V. and BASF SE for an aggregate consideration of Rs. 302.90 crore.
The new CDTaee unit will not only help Hellenic meet its biofuel requirements in Greece, but also resolve blending constraints and produce a high-octane gasoline-blending component, TAEE (Tertiary Amyl Ethyl Ether).
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The new agreement reinforces the partnership and consolidates the commitment of both companies to the recycling of high quality polyethylene and polypropylene from domestic and industrial plastic waste.
Deal is for a 10-year period covering maintenance services for gas turbines of ETHYDCO’s petrochemical complex in Alexandria.
The Amur GCC, with investments of up to $11 billion, is set to start producing 2.3 million tonnes of polyethylene and 400,000 tonnes of polypropylene per year beginning in 2024-2025.
Scott Rock will replace Mark Davis, who has been president and CEO since the company's founding in 2001.
The exports of Agri commodities during March 2020 to June 2020 were Rs. 25552.7 crore against an export of Rs. 20734.8 crore during the same period in 2019, showing a sharp increase of 23.24%.
The Paradeep unit has been temporarily shut-down for maintenance work from 15th August 2020.
Plant was shut due to non-availability of labor and spread of Covid-19 pandemic in the industrial belt around the plant.
The company has reported a decline in revenues by 46% YoY and total income stood at Rs.938.59 crores.
Joshua Baca will be joining ACC on 8 September and will be responsible for overseeing industry initiatives to address the challenge of plastic waste in the environment.
Investment in manufacturing facility meets increasing demand for more sustainable UV-curable adhesives for tapes and label applications.
EBITA increased by 7% from EUR 123.1 million.
The joint offering will deliver artificial intelligence solutions embedded with BASF mineral processing and chemical expertise.
When commissioned in 2021, the 9.34 MLD upgrade will be the largest implementation of MABR technology in the world.
Company's sales dropped by 22.63% YoY and stood at Rs 54.22 crore from Rs. 70.08 crore in June 2019.
Profit rose by 50% YoY and reached Rs 53 crore.
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