Company achieved a record quarterly net income of $39.5 billion in Q1, an 82% increase from $21.7 billion in Q1 2021, primarily driven by higher crude oil prices and volumes sold, and improved downstream margins
The new greenfield project will increase DIC subsidiary Ideal Chemi Plast’s production capacity for these resins, enabling it to keep pace with rising demand in India
Project’s pre-operational activities have commenced with an annual capacity of 260,000 metric tons per year
New entity will be powered by a smart systems-thinking approach to ensure more post-consumer lightweight packaging (LWP) is sorted and recycled into high quality materials
The project is currently in its engineering phase, and targets start-up of the first Rewind PET train leading to an annual production of 30,000 tons of recycled PET, by the end of 2025
The agreement with LUKOIL follows Shell’s announcement in early March of its intention to withdraw from all Russian hydrocarbons in a phased manner
Company has begun procuring butadiene derived from plastic waste and biomass as feedstock for solution-polymerized styrene-butadiene rubber (S-SBR), a material for eco-friendly tires
The BMW Group is the first OEM to use BASF paints certified according to the biomass balance approach
IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility
Bihar produces 35,000 MT maize and has got a quota to manufacture 36 crore liters of ethanol from Oil Marketing Companies (OMCs)
Net income during the first quarter rose by 33% YoY and totaled $ 1.73 billion
The agreement marks the first direct investment by a privately-owned United Arab Emirates (UAE) company in the TA’ZIZ Industrial Chemicals Zone
The plant is expected to restart operations from May 12, 2022
This plant will be using corn/broken rice as feedstock with eco-friendly technology with a likely production capacity of 500 KLD Bioethanol which will be used for blending in petrol
The transaction enables the Ester Industries’ management to better focus on its core business of developing niche and complex products within its core Polyester Films and Specialty Polymer businesses
Company's PAT for the year was Rs 374.3 Crores, a de-growth of 29.5% over previous year
The potential transaction would allow OMV to expand its chemical portfolio beyond polyolefins
For the full year, the company's total income grew by 33.91% and stood at Rs. 29481.29
Segment EBITDA for 4Q FY22 improved by 24.8% Y-o-Y to ₹ 14,241 crore ($ 1.9 billion) led by multi-quarter high transportation fuel cracks, partially offset by lower polymer & intermediates margins and higher energy cost
Under the new agreement bp will initially receive the output of Clean Planet Energy’s first facility, currently under construction in Teesside in the north-east of England
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