Policy
Policy | 01 February 2023

Economic Survey 2022-23: Industry sector witness growth of 4.1%

Chemicals and chemical products such as caustic soda, soda ash, fertilisers and petroleum products have also performed well, contributing to sustaining the growth momentum in the agriculture sector while increasing exports

General
General | 01 February 2023

Budget 2023-24: Strong focus on green and infrastructure development

The capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs. 10 lakh crore, which would be 3.3 per cent of GDP

General
General | 01 February 2023

Budget 2023-24: Basic customs duty exemption and reduction in certain chemicals

Basic customs duty removed from denatured ethyl alcohol and reduced on acid grade fluorspar and crude glycerine

Policy
Policy | 01 February 2023

Budget 2023-24: Industry hails change in customs duty structure and green initiatives

Industry terms the Union Budget 2023 as proactive for the chemical and petrochemicals sector

Chemical
Chemical | 01 February 2023

Sumitomo Chemical acquires US-based bio-stimulants company

With this acquisition, Valent BioSciences and its parent company, Sumitomo Chemical Co., Ltd., now offer an innovative and proven portfolio of integrated biorational solutions, including biostimulants, biopesticides, and crop nutrition solutions

General
General | 01 February 2023

Albemarle launches new subsidiary for advanced catalyst solutions business

As a distinct brand, Ketjen will continue to support customers in their unique energy transition journeys from fluidized catalytic cracking to clean fuels to hydro-processing to organometallics and curatives.

Chemical
Chemical | 01 February 2023

Budget 2023-24: India approves separate HS Code for Technical Grade Pesticides

This was a long pending demand from the industry and industry associations and both the finance ministry and DCPC has taken a proactive step which will benefit domestic pesticide manufacturers in a big way

General
General | 31 January 2023

Eastman Chemical 4Q revenue dips 12%

Eastman;s raw material, energy and distribution costs increased by approximately $1.3 billion in 2022

Sustainability
Sustainability | 31 January 2023

Petronas, ExxonMobil sign CCS project development agreements

Both parties will define next steps including the maturation of technical scopes for the CCS value chain

Hydrogen
Hydrogen | 31 January 2023

ExxonMobil awards FEED contract to Technip Energies for world's largest low-carbon hydrogen facility

Project targets 1 billion cubic feet of low-carbon hydrogen per day, while capturing more than 98% of associated CO2 emissions

General
General | 31 January 2023

Olin expects 2023 adjusted EBITDA of $1.5 to $2 billion

Fourth quarter 2022 net income of $196.6 million, or $1.43 per diluted share

General
General | 31 January 2023

Evonik joins consortium developing circular automotive production

Recyclable materials for cars with additive specialties from Evonik

General
General | 31 January 2023

SRF posts Q3FY23 consolidated PAT at Rs. 510.90 Cr

The company has reported total income of Rs. 3479.67 crores during the period ended December 31, 2022

Chemical
Chemical | 31 January 2023

Industry expectations from Union Budget 2023

New PLI currently being developed for the chemical industry will be of great benefit to the entire chemical value chain and help reduce reliance on imports

General
General | 31 January 2023

Kansai Nerolac Paints to sell Kavesar land parcel for Rs. 655 Cr

The company has entered into an Agreement to Sell with the purchaser and the sale is subject to completion of procedures and approvals as may be necessary in this regard

Chemical
Chemical | 31 January 2023

SRF approves three Dahej projects; Capex investment of Rs. 645 Cr

The board has approved a project for setting up a range of Specialty Fluoropolymers, producing an agrochemical intermediate, and creating a new plant building

Gas
Gas | 31 January 2023

GAIL hits highest ever revenue in 9 months FY 23

PBT for nine months ended 31st December, 2022 dropped drastically at Rs. 5,993 crore

Chemical
Chemical | 31 January 2023

Chemical Secretary Arun Baroka to address AgroChem Summit 2023 on Feb. 24, 2023

The Summit will focus on: Policy Support for Growth of Indian Agrochemicals; Enabling Regulatory Ecosystem for the Growth of Agrochemicals Industries; Role of Drones in Agrochemicals Sector; Collaborative Approach to Realistic Agrochemicals Potential; and Agrochemicals 2030: The Future Perfect

Hydrogen
Hydrogen | 31 January 2023

Linde to increase green hydrogen production in California

Linde will build, own and operate the first of several planned five-megawatt PEM (proton exchange membrane) electrolyzers to increase its hydrogen capacity

Chemical
Chemical | 31 January 2023

Isowater achieves first market-grade production of deuterium oxide

This milestone advances the company toward its goal of producing sustainable long-term commercial supplies of deuterium oxide for the world's life science and high technology industries

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