PETRONAS and BASF have taken the next steps in the development of the previously announced ¤1 billion investment that will expand their partnership in Malaysia, involving projects at their existing venture in Kuantan and at a new site within PETRONA
Indian Oil Corporation Ltd. (IndianOil) has registered a profit of Rs. 2,488 crore for the third quarter of the current financial year ended December 2011 as compared to a profit of Rs. 1,635 crore for the corresponding quarter of the previous year.
Clariant introduces three azo pigments that offer new opportunities for designers and producers of plastic products in India. These pigments were unveiled at the ongoing PlastIndia 2012. All three products are presented at the Clariant booth 7F-R1, w
UOP LLC, a Honeywell company, announced today that its new process technology designed to help refiners get more high-value product from each barrel of crude oil has been selected by National Refinery Limited (NRL) to maximize diesel and lubricant pr
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint venture.
Reliance Industries Ltd registered a 13.6 percent fall in October-December net as refining margins fell sharply and reservoir complexity pulled down gas output. RIL\'s net profit declined by 13.6 per cent to Rs 4,440 crore, or Rs 13.6 a share, in the
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 11,260 crore in the third quarter of FY 2011-12 as against Rs.8365 Crore, a 35 percent increase over the turnover in the corresponding period during the last financial year. GAIL&
BASF and SINOPEC inaugurated the $1.4 billion second phase of their integrated petrochemical site in Nanjing, bringing crucial chemicals to the China market that will support the development of more sustainable local industries.
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. Financial details were not disclosed.
EQUATE Petrochemical Company announced the launch of its new brand guidelines as part of its integrated corporate strategy.
Prices in the $3-trillion-plus global petrochemicals marketplace slipped nearly 1% to $1,161 per metric tons (/mt) in December, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seve
Global solutions provider of specialty chemicals, OM Group, has announced that it has purchased Rahu Catalytics.
CRISIL has reaffirmed its ratings of ‘CRISIL BB+/Stable/CRISIL A4+’ for the bank facilities of Balaji Polysacks Pvt Ltd (BPPL).
CRISIL’s ratings on the debt instruments of The Supreme Industries Ltd (Supreme) continue to reflect Supreme’s healthy and diversified revenue profile, supported by increasing contribution from value-added products, and improving financia
Xebec Adsorption Inc., a provider of biogas upgrading, natural gas and hydrogen purification solutions for the clean energy market, announced today that it has received an order for a M-3200 Pressure Swing Adsorption (PSA) system to upgrade natural g
Asian Paints Ltd. (Penta division) has proposed to expand the production capacity of its existing unit at Kudikadu in Tamil Nadu\'s Cuddalore district.
GlobalData, the industry analysis specialist, has released its latest research, Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization. The study, which is an offering from the company\'\'\'s Petrochemical Research Group,
Prices in the $3-trillion-plus global petrochemicals marketplace fell more than 3% to $1,162 per metric tons (/mt) in November, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seve
ICRA has revised the long term rating outstanding of the Rs. 2421 crore term loans and the Rs. 600 crore, fund-based facilities of Haldia Petrochemicals Limited (HPL) from [ICRA]BBB+ to [ICRA]BBB-.
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