New company named 1PointFive has been formed to finance and deploy Carbon Engineering’s large-scale Direct Air Capture (DAC) technology for carbon capture, utilization & storage (CCUS).
PAT for the period stood at Rs. 2.9 crore, down by 29% as against Rs. 4 crore in Q1 FY20.
Q1FY21 sales were down by 14.3% YoY but its net profit grew 7.4%.
Transaction is expected to close in November 2020, subject to the satisfaction of certain closing conditions and regulatory approvals.
The plant will comprise of three sub-units namely CO2 capture from Flue Gas, H2 production by electrolysis of water and catalytic conversion of CO2 & H2 to Methanol.
New entity will focus on international sales and distribution of Nano additive technology via product development, acquisition and partnerships.
Nutrient Based Subsidy (NBS) Scheme is helping in regulating the fertilizer prices.
The investment will help Yokogawa in accelerating the use of biomass in chemical production.
INOVYN’s appointment to full Member status follows the launch of BIOVYNTM, its world-first bio-sourced PVC range, which received full RSB product certification in October 2019.
Linde will contribute to the work of the Alliance through its long-standing expertise in hydrogen mobility, production, processing and distribution plus its leading position in the clean hydrogen industry.
The construction of the pilot plant begins in the autumn of 2020 and the pilot plant is expected to be ready for operation by the end of 2021.
Of the 25 segments that showed growth in July, 17 featured gains of 1.0 percent or more.
First shipment en route to Brazil from OMIFCO's plant, which exports around 2 MMt/y of granular urea.
The eShuttle EDC Process uses a unique metal halide ion process to produce high purity EDC, a commodity chemical used primarily for PVC production, without the generation of chlorine gas.
The primary use of proceeds will be directed towards commercial development and the expansion of the company’s product and innovation platform.
The platform built in collaboration with Uniper utilizes a consortium model for all ssLNG market participants to help transform the trading market space resulting in market efficiencies and significant cost savings for traders.
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Global supply chain reorganization is likely to spur demand for specialty chemicals out of India in the coming decade, which in turn will drive demand for petrochemicals.
The equipment will be purchased by Air Products, which will build and operate the facility in parallel with its largest ever U.S. investment.
Following commissioning, both refineries will have a capacity of 800,000 barrels per day to meet local and international demand for clean fuels.
The proposed acquisition would take place in accordance with the applicable obligations concerning the consultation of staff representative bodies and would be subject to prior authorization by the competent merger control authority.
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