Latest Indian Chemical and Petrochemical News, statistics, Research and events... indianchemicalnews.com | Page 372
Gas
Gas | 08 August 2022

Air Products earnings jump on strong volume, pricing

Company reported third quarter (Q3) financials highlighting sales of $3.2bn, a 22% increase over the prior year

General
General | 08 August 2022

Stratasys to buy Covestro’s additive manufacturing materials business for € 43 million

Transaction will include R&D facilities and activities, global development and sales teams across Europe, the U.S. and China, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprised of hundreds of patents and patents pending

Petrochemical
Petrochemical | 08 August 2022

Aramco and Sabic receive world’s first TÜV certificate of accreditation for blue hydrogen and ammonia

The certifications were granted by TÜV Rheinland to SABIC AN, in Jubail, for 37,800 tons of “blue” ammonia and to Aramco’s wholly-owned refinery (SASREF), also in Jubail, for 8,075 tons of “blue” hydrogen

General
General | 08 August 2022

Wood awarded engineering services contract for Strike’s fertiliser project in Western Australia

Wood will provide technical and engineering oversight services for the duration of the project to monitor and assess the work in progress, ensuring the Engineering, Procurement and Construction contractor delivers work consistent with the project’s requirements

General
General | 08 August 2022

Altana to sell its stake in dp polar to US firm 3D Systems

ALTANA had invested in dp polar in 2017

Hydrogen
Hydrogen | 07 August 2022

Wintershall Dea and NWO eyes blue hydrogen plant in Germany

The hydrogen produced can be delivered by pipeline to industrial customers for use as a decarbonised energy source or as a raw material, so reducing their CO2 emissions

Chemical
Chemical | 07 August 2022

Tosoh reports rise in sales, profits in first quarter

Company’s consolidated net sales totaled ¥252.3 billion (US$1.9 billion), up ¥51.1 billion, or 25.4%, compared with consolidated net sales in the first quarter of fiscal 2022

Chemical
Chemical | 07 August 2022

Celanese sales, earnings rises on higher prices

Company generated net sales of $2.5 billion in the second quarter, a 2 percent decrease from the prior quarter and a 13 percent increase over the same quarter of 2021

Chemical
Chemical | 07 August 2022

Hallstar to acquire Lanxess North Carolina esters facility

The acquisition will expand Hallstar’s manufacturing capacity and product portfolio, and will include the ester manufacturing plant, select product lines and site personnel

Electric Vehicles
Electric Vehicles | 06 August 2022

13.92 lakh electric vehicles running on Indian roads

The increase in sale of EVs is attributed mainly to the incentive provided under FAME India Scheme Phase-II, provided to buyers of electric vehicles meeting FAME criteria in the form of an upfront reduction in the purchase price of electric vehicles

Technology
Technology | 06 August 2022

EIL secures order worth Rs. 154 Cr in Q1 FY 2022-23

The company has bagged eight orders in Q1 FY 2022-23 of which seven are India based and one is from outside India

General
General | 06 August 2022

EIL approves strategic alliance with DEEP.KBB

The company's key competencies are storing energy deep underground and extracting brine and salt using solution mining

Chemical
Chemical | 06 August 2022

Chemplast Sanmar Q1 FY23 revenue up 47%; Profit up 41%

In the long term, once proposed expansions come on-stream, specialty vehicles would contribute a larger share of both revenues and profitability

Chemical
Chemical | 06 August 2022

Indigo Paints Q1 FY23 operating income grows 43.56%

Due to several rounds of price increases, the value growth in each category of decorative paints is higher than volume growth

Digitization
Digitization | 06 August 2022

NextGen Summit 2022: Change of mindset critical to breaking digital barriers

Digital transformation within chemical industry not possible without right culture

General
General | 05 August 2022

Thermo Fisher to expand dry powder media manufacturing facility in New York

With this expansion, the Grand Island site provides redundant capacity to support global supply of media and further extends the site’s capabilities to produce the high-quality technology and materials needed for the development and commercial manufacturing of vaccines and biologic therapies

Chemical
Chemical | 05 August 2022

BASF announces capacity expansion in the U.S. for specialty pyrrolidone

The production is anticipated to be on-stream in the second half of 2022 and will ensure a global supply of HEP and NOP

Petrochemical
Petrochemical | 05 August 2022

India consumed 204.23 MMT of petroleum products & 63.91 BCM of natural gas during FY 2021-22

Conventional hydrocarbon resources discovered so far in the country estimated to be approximately 12 Billion Tonnes of oil and oil equivalent of gas

Supply Chain
Supply Chain | 05 August 2022

AD Ports Group signs MoU with Adani Ports and SEZ

The two companies signed the key agreement setting in motion a series of potential country-level investments to grow, improve, and promote an end-to-end maritime and logistics ecosystem which will make Tanzania a hub for the African region

Energy
Energy | 05 August 2022

DCM Shriram and ReNew Power to set up 50 MW hybrid wind/solar projects

The combined transaction is one of the largest corporate renewable power supply deals in India under an OpEx with a captive model

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