Latest Indian Chemical and Petrochemical News, statistics, Research and events... indianchemicalnews.com | Page 583
Chemical
Chemical | 14 August 2022

Solenis to acquire Clearon Corp

Acquisition will enable Solenis to expand its portfolio of products for the residential and commercial pool water and spa treatment markets

Petrochemical
Petrochemical | 14 August 2022

SK Geo Centric, Weixing Chemical to build new ethylene acrylic acid plant in China

The plant is scheduled to be completed in the first half of 2025 to start commercial production with an annual capacity of 40,000 tons

General
General | 13 August 2022

RCF Q1 FY23 consolidated PAT soars to Rs. 299.60 Cr

The company has reported total income of Rs. 5017.41 crores during the period ended June 30, 2022.

Chemical
Chemical | 13 August 2022

Balaji Speciality Chemicals files DRHP for fund raising

The proposed offer consists of a fresh issue of Equity Shares aggregating upto Rs. 250 crore (including share premium) and an offer for sale of up to 26,000,000 equity shares

Hydrogen
Hydrogen | 13 August 2022

Equinor’s H2H Saltend selected to proceed as one of the first large-scale hydrogen projects in the UK

H2H Saltend is Equinor’s flagship project with a 600-megawatt low carbon hydrogen production plant, located at the Saltend Chemicals Park (SCP), to the east of Hull.

Sustainability
Sustainability | 13 August 2022

Topsoe to increase plastic recycling by 20%

The newly formed partnership, Circular Industrial Plastics, which consists of large Danish companies, commits to increase recycling of industrial plastics by at least 20% before 2025.

General
General | 13 August 2022

INEOS announced as official sponsor of Rugby World Cup 2021

Rugby World Cup 2021 is taking place in New Zealand from 8 October to 12 Novembe

General
General | 13 August 2022

thyssenkrupp continued its positive business performance in Q3 2021-22

Portfolio and performance measures being driven forward resolutely: headcount reduced by a further 4,440 employees year-on-year

General
General | 13 August 2022

1.13 crore bottles of nano urea dispatched during FY 2022-23: Mandaviya

During FY 2022-23, about six crore bottles of nano urea will be produced and made available to farmers

Chemical
Chemical | 13 August 2022

Heranba Industries Q1 FY23 revenues at Rs. 361.9 Cr; Profit at Rs. 33.7 Cr

The company will continue to leverage its integrated manufacturing facilities, wide distribution network, presence across the value chain

Chemical
Chemical | 13 August 2022

Heranba Industries incorporating a new subsidiary company

The wholly owned subsidiary once incorporated in India shall carry out business in the field of agrochemicals.

Chemical
Chemical | 13 August 2022

NextGen Summit 2022: R&D focus on sustainable technologies vital for industry’s future growth

Incentives on technology development and bridging gap between industry and academia a must to create sustainable solutions

General
General | 12 August 2022

Borealis to launch squeeze-out out offer for its subsidiary Rosier

The launch of the squeeze-out offer remains subject to obtaining the report of the independent expert stating the elements referred to in article 6 of the Royal Decree

Chemical
Chemical | 12 August 2022

Brenntag expands distribution deal with preservatives producer ISCA in Europe

Following the successful collaboration with ISCA in the UK, Brenntag Specialties expands its collaboration with the preservatives producer to include France, Benelux, Poland, Slovakia, Croatia and Slovenia as well as Germany, Switzerland and the Nordic region

Chemical
Chemical | 12 August 2022

Vipul Organics posts Q1FY23 consolidated PAT at Rs. 1.05 Cr

The company has posted net profit of Rs. 1.05 crores for the period ended June 30, 2022.

Chemical
Chemical | 12 August 2022

Spreads hurt on excess supply from China for Chemplast Sanmar: ICICI Securities

Chemplast has taken one-time hit of Rs0.8bn from inventory write-down, which resulted in 83% QoQ crash in net profit to Rs406mn.

Chemical
Chemical | 12 August 2022

Headwinds to revenue growth for Sudarshan Chemical Industries: ICICI Securities

Sudarshan is yet to capitalise Rs2bn of capex, which should complete in H1FY23 with incremental capex outflow of Rs200mn, and this should end the company’s total planned capex of Rs7.5bn.

Energy
Energy | 12 August 2022

Shell completes acquisition of renewables platform Sprng Energy group

Sprng Energy, set up in 2017 by Actis, is a renewable energy platform based in Pune, India.

Chemical
Chemical | 12 August 2022

Protecting margins; revenue growth tepid for Rossari Biotech: ICICI Securities

Company remains agile and has sold certain high cost raw material even in Q1FY23 (silicone oil)

Chemical
Chemical | 12 August 2022

Sika aims to close MBCC acquisition by H1 2023

he UK Competition and Markets Authority (CMA) has decided to conduct an in-depth examination (Phase 2) regarding Sika’s planned acquisition of MBCC Group.

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