Latest Indian Chemical and Petrochemical News, statistics, Research and events... indianchemicalnews.com | Page 535
Policy
Policy | 09 December 2022

Import dependency on natural gas increased to 46.3% in FY 22-23

The government has taken multiple steps to increase domestic production of natural gas

Policy
Policy | 09 December 2022

Public sector OMCs procured 385.92 Cr litres of ethanol

Ethanol blending in petrol up to 15th November, 2022 during the ESY 2021-22 is estimated to have had an impact of over Rs. 20,000 crore on the import bill of crude oil and petroleum products

Policy
Policy | 09 December 2022

38 CBG/biogas plants with installed capacity of 225 MT per annum commissioned

As on 31st October 2022, Oil and Gas Marketing companies participating in SATAT have issued 3,694 Letters of Intent (LoI) to entrepreneurs for procurement of CBG produced by them

Chemical
Chemical | 09 December 2022

BASF launches first biomass balance automotive coatings in China

ColorBrite ReSource adds a reduced carbon footprint without the need to alter the product’s formulation and performance

Sustainability
Sustainability | 09 December 2022

BASF, Arkema and Jayant Agro-Organics publish report on sustainable castor bean program

Water consumption has been lowered by approximately 30 percent in the demo plots where accurate measurement and control is in place

Chemical
Chemical | 09 December 2022

Evonik launches wood coating based on SPHERILEX technology

The new member of the SPHERILEX family, provisionally named EXP 0002-1, helps extend the durability of a coating by improving its scratch and abrasion resistance

Sustainability
Sustainability | 09 December 2022

Linde achieves S&P Global CSA

Linde scored in the 99th percentile out of more than 400 chemicals companies for its overall ESG performance.

Chemical
Chemical | 09 December 2022

ExxonMobil expects to double earnings and cash flow potential by 2027

Annual capital investments remain at $20-$25 billion through 2027

Hydrogen
Hydrogen | 09 December 2022

bp to explore potential for green hydrogen production in Egypt

The MoU was signed by bp, Egypt’s New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, the General Authority for Suez Canal Economic Zone, and the Sovereign Fund of Egypt for Investment and Development (TSFE)

Digitization
Digitization | 09 December 2022

Venator automates product carbon footprint with Atos

New partnership supports Venator's sustainability ambition

People
People | 09 December 2022

AkzoNobel nominates Ben Noteboom as board member

The Supervisory Board intends to subsequently elect him as Chair, succeeding Nils Andersen, who will retire as Chair and member of the Supervisory Board at the same time.

Chemical
Chemical | 09 December 2022

US chemical output up 3.9% in 2022; likely to drop 1.2% in 2023: ACC

U.S. chemicals trade rose 22% in 2022 to US$342 billion.

Chemical
Chemical | 08 December 2022

Heubach announces 2023 decorative color trends

The four color palettes consist of 21 color trends including The Color of the Year (COTY) 2023 – GOOD JINN

Chemical
Chemical | 08 December 2022

Opportunities for Indian chemical industry: HDFC Securities

Several Indian companies hold leading positions globally in fine and speciality chemicals with 30–80% of the global capacity

Chemical
Chemical | 08 December 2022

Indian chemical companies investing in capabilities and capacities: HDFC Securities

Aggregate Capex incurred by 30 leading Indian chemical companies considered by us has grown at a 16% CAGR over FY15-22

R&D
R&D | 08 December 2022

Indian chemical industry unlocking the value of knowledge; R&D: HDFC Securities

Navin Fluorine spent ~2.4% of its revenue on R&D activities in FY22. Aether Industries spent ~6.7% of its revenue on R&D in FY22.

Supply Chain
Supply Chain | 08 December 2022

100 Gati Shakti Cargo Terminal to be developed till 2025

22 GCTs have already been commissioned whereas 125 applications for development of cargo terminals under the GCT Policy have been received and 79 in-principle approvals have been granted

General
General | 08 December 2022

Inox Wind repays Gujarat Fluorochemicals Rs. 623 Cr against advances

This money will be used to substantially reduce the debt at GFL as has been the stated vision of the Inox GFL Group to reduce the debt of all its operating entities

Energy
Energy | 08 December 2022

India takes step towards achieving 500 GW of non-fossil fuel based electricity by 2030

The government is providing a broad plan of required transmission systems for having 537 GW of renewable energy capacity by the year 2030

People
People | 08 December 2022

BPCL ex-CMD Arun Kumar Singh appointed as ONGC CMD

The Appointments Committee of Cabinet (ACC) has approved the proposal of Ministry of Petroleum and Natural Gas for appointment of Arun Kumar Singh, ex-CMD, BPCL as Chairman, ONGC for a three-year tenure

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