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-.
The Central Institute of Plastic Engineering and Technology (CIPET) has undertaken a feasibility study on behalf of Department of Chemicals and Petrochemicals (DCPC) with the aim of identifying the gaps in the existing quality standards and for acces
The Linde Group is set to build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in Northeast China. The company will be investing around EUR 42 million in the first phase of this new project.
AkzoNobel has today completed its acquisition of the coatings business of Korean SSCP. SSCP has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry.
The carbon black industry has approached the Department of Chemicals and Petrochemicals (DCPC) seeking some reliefs and save it from heavy losses.
French chemicals major Arkema announced it is selling off its vinyl products business to the Switzerland-based investment firm Klesch Group. The objective is to create a significant new integrated and independent player in the European PVC sector.
Indian Oil Corporation Ltd (IOC), India’s largest refiner, aims to double its crude refining installed capacity from 65.7 to 123 million tonnes per annum (mtpa) in the next 10 years, through expansion and new greenfield units. This was disclose
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