Latest Indian Chemical and Petrochemical News, statistics, Research and events... indianchemicalnews.com | Page 552
Start-up
Start-up | 17 February 2023

Solvay Ventures joins start-up focused Genesis Consortium

This strategic investment will enable the Group to accelerate and expand its offering of innovative solutions using biotechnology

Petrochemical
Petrochemical | 17 February 2023

Lyondellbasell secures 24,000 tons/year of recycled feedstock from Nexus Circular

The new facility will convert mixed plastic waste, which today mostly ends up in landfills or incineration, into recycled feedstock

Petrochemical
Petrochemical | 17 February 2023

IMCD acquires lubricants and fuel ingredients distributor in South Africa

Closing of the transaction is subject to customary closing conditions and regulatory approval and is expected to take place in the second quarter of 2023.

Petrochemical
Petrochemical | 17 February 2023

NOVA launches new circular solutions business for recycled resins

SYNDIGO rPE is designed to support recycled content and decarbonization goals of converters and brands while setting new industry standards for driving the transition towards a circular economy for plastics

Chemical
Chemical | 17 February 2023

Evonik more than doubles probiotics production capacity in Spain

The León site can now produce the equivalent of 6,000 metric tons of blended final probiotic product per year

Gas
Gas | 16 February 2023

Time Technoplast bags Rs. 134 Cr order from Maharashtra Natural Gas

In Phase I, the company is increasing the capacity by 300 cascades (18,000 cylinders) in FY2023 with an initial outlay of Rs. 55 crore

People
People | 16 February 2023

Michael James Devine appointed Additional Director of Linde India

Devine is Associate General Counsel of Linde Plc. and has had an illustrious and accomplished career in handling several large corporate and commercial transactions

General
General | 16 February 2023

Ester Industries Q3 FY23 revenue down 31.8%

Ester Filmtech Limited, a wholly owned subsidiary of Ester Industries limited, has recently started commercial operations at its new Film Plant in Telangana.

General
General | 16 February 2023

ONGC Q3 FY23 profit up 26%; Revenue up 35.5%

The Board has approved 2nd interim dividend of 80%, i.e. Rs. 4 on each equity share of Rs. 5 and the total payout on this account will be Rs. 5,032 crore

Technology
Technology | 16 February 2023

NextChem, MyRechemical and Dimeta explore production of dimethyl ether from waste

Under this agreement, the area of cooperation involves generating business cases where Dimeta will offtake DME in ongoing waste to methanol projects and new initiatives specifically targeting the production of renewable & recycled carbon DME

General
General | 16 February 2023

Sumitomo Chemical receives ISCC Plus certification for acrylonitrile

The acrylonitrile has become the Company’s first ISCC PLUS certified product

Chemical
Chemical | 16 February 2023

Huntsman to close textile chemicals division sale to Archroma by end of February

Huntsman has secured all regulatory approvals and both parties expect the transaction to close on February 28, 2023

Supply Chain
Supply Chain | 15 February 2023

Azelis opens new Personal Care application laboratory in Spain

The new application laboratory is fully equipped to service various personal care sub-segments

Electric Vehicles
Electric Vehicles | 15 February 2023

BPCL launches EV charging highway corridor on Delhi – Jalandhar highway

BPCL aims at converting its 7,000 conventional Retail Outlets into Energy Stations providing multiple fueling options

Sustainability
Sustainability | 15 February 2023

Sumitomo Chemical, Maruzen Petrochemical and Mitsui Chemicals to study the feasibility of Japan’s Keiyo Coastal Industrial Complex’s potential of carbon neutrality

The three companies will explore the possibility of working together to carry out measures for reducing greenhouse gas (GHG) emissions, such as the conversion of fuels and feedstock.

Chemical
Chemical | 15 February 2023

Idemitsu and Toray create Japan’s first biomass ABS resin supply chain

Idemitsu will leverage the mass balance method to manufacture biomass styrene monomer.

Gas
Gas | 15 February 2023

Linde Engineering inks agreement to build a synthesis gas plant for BASF in China

Linde Engineering will implement the newly awarded contract in a consortium together with its Chinese partner East China Engineering Science and Technology Co.(ECEC).

General
General | 15 February 2023

Mandaviya inaugurates IFFCO nano urea liquid plants at Aonla and Phulpur

Nano urea will ensure the progress of the farmers and increase their income in coming times

Chemical
Chemical | 15 February 2023

EBITDA growth to sustain in FY24 for Galaxy Surfactants: ICICI Securities

EBITDA growth is likely to be higher than volumes and PAT will grow the fastest. RoCE stands at 22%.

Chemical
Chemical | 15 February 2023

Commencement of new units to result in portfolio premiumization for Insecticides India: ICICI Securities

The units at Rajasthan and Gujarat to result in strong backward integration as well as launches of new products with higher margin leading to steady improvement in return ratios of the company.

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