The company stated that the cost reductions should enable it to remain within the revised guidance range it set forth in its first quarter 2020 earnings release.
The project will integrate established industrial sites with state-of-the-art technology to capture carbon.
The company has restarted operations with available workforce, since May 15, 2020, adhering to the safety norms prescribed by the government.
The estimated cost of the project is Rs. 28,983 crore.
The company’s steady and growing revenue profile, highly efficient operations and numerous growth opportunities make this an attractive investment.
The new material grade will be available in various performance grades as fiber and unidirectional laminate (UD).
As part of this agreement, Arkema will invest US$150 million in a 40 kt/year AHF production plant at Nutrien’s site in Aurora (North Carolina), scheduled to start up in the first half of 2022.
The increased use of alternative resources for in-house production is part of a long-term strategic program that Covestro is implementing as it fully commits to the circular economy.
Virendra Nath Datt, Director (Marketing), National Fertilizers Limited (NFL) has today taken over the additional charge of CMD of the company.
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.
Subscribe to our newsletter & stay updated.
