The injection of $680 million into the project, combined with OCI’s existing equity of $520 million and shareholder loans of $511 million, will complete the entire funding requirements for the project.
This planned transition allows a smooth succession of the CFO role while accelerating the company’s work to implement the 2020 strategic plan announced in February.
Global launch of three pigments offering enhanced styling and formulation options
Scio Diamond Technology (SCIO), the leading US-based diamond grower, today announced that it has returned to full production following its December shutdown.
Effective May 1, 2016 or as contracts allow, a net price increase of $150 per tonne or the local currency equivalent will apply for all Ti-Pure™ titanium dioxide grades sold in all regions.
Expected to start operations in the second quarter of 2017, the new ASU will supply industrial gases including oxygen and nitrogen to the customer's new ethylene oxide plant as well as to its existing one.
The agreement comes just months after Proserv was awarded a contract to provide topside control equipment at one of the largest field discoveries on the Norwegian Continental Shelf.
The project could consume approximately 35,000 barrels per day (bpd) of propane and produce up to 800,000 metric tonnes per year of polypropylene.
Charlie Weidhas, currently President of ICL Industrial Products, will replace Asher Grinbaum who expressed his desire to retire from the company.
DSM Animal Nutrition & Health announced the appointment of David Blakemore as President Animal Nutrition & Health as of 1 May 2016.
Bodal Chemicals has received the environment clearance from Ministry Of Environment, Forests and Climate change for expansion of its dyes and dyes intermediates manufacturing capacity (from 2,200 MTPM to 6,000 MTPM) and co-generation Power Plant
LyondellBasell will produce its Hostacom glass fiber-reinforced, mineral filled and unfilled colored grades as well as Hifax high impact thermoplastic olefins.
These applications, designed to minimize resource consumption, improve productivity and ensure buildings’ durability, are suitable for all types of construction projects.
The contract is a breakthrough project for Nuberg as it is the only India-based company spearheading the EPC Industry on global front for turnkey project engineering services and solutions
This is the second new plant to be commissioned and started-up as part of CF’s major capacity expansion projects in North America. It is the largest operating single-train UAN plant in the world.
Dorf Ketal Chemicals India (Dorf Ketal) announces the appointment of Eric Quek to the position of Global Business Development Manager, Power Generation in Global Fuels Additives division of Dorf Ketal.
But high inventories increase monsoon dependency for fertiliser makers
The combined business would have 35 processing facilities spanning Indonesia, Thailand, Malaysia, China and Africa with a total annual processing capacity of approximately 1.5 million tonnes.
BASF Automotive Refinish launched Norbin, a new brand of products, in the U.S. and Canada today. Norbin primers and clears are now available for purchase through BASF distributors.
The JV will go into effect following a capital contribution of US$25 million by SQM in exchange for a 50 per cent ownership stake in Minera Exar, a wholly owned subsidiary of LAC.
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