Petrochemical | 02 February 2022
Alpek inks agreement to acquire PET producer Octal
Alpek will purchase 100% of Octal’s shares for U.S. $620 million on a debt-free basis.
Alpek will purchase 100% of Octal’s shares for U.S. $620 million on a debt-free basis.
The FPBO plant produces a renewable, second-generation bio-liquid used as a sustainable alternative for fossil fuels to produce renewable energy and chemicals
The scope of work for CKJV included the design, fabrication and construction of a 1.8 million metric ton ethane steam cracker and utility facilities.
The ABS production capacity in Wingles will be 50,000 tonnes per year, to help meet the increased demand for ABS in Europe in industries such as Construction, Compounding, Household and Automotive
Fourth quarter 2021 EBITDA was $1.4 billion, or $2.0 billion excluding LCM and impairment
Kothari Petrochemicals has posted net profit of Rs.25.90 crores for the 9 months period ended December 31, 2021.
The company has reported total income of Rs. 25076.50 crores during the quarter ended December 31, 2021.
Berry Global will recycled plastic in its food and beverage packaging as well as healthcare products.
Technip Energies will advance the technology development, construct and operate a pilot plant to commercialize the technology and make it available for licensing
The company’s envisaged capex plan of Rs. 521 crores for the year, including carried forward commitment of previous year is going smoothly.
The quarter’s operational results include a negative pre-tax impact of approximately $30 million from an extremely sharp rise in European natural gas prices during the latter part of the quarter
The product was shipped from the Yeosu Complex and it will be delivered to the Italian material client, Novaresine, for use as raw materials to coat cans and coils.
59% of Aramco’s spending in 2021 was directed to domestic suppliers
TSPC is scheduled to begin producing AN using biomass propylene in February 2022
Line I is scheduled to go on stream by June 2024 and Line II is planned for completion by March 2025
Asian Paints has posted net profit of Rs.2180.15 crores for the 9 months period ended December 31, 2021
Shell Chemical will continue to operate its 100% owned Deer Park Chemicals facility located adjacent to the site.
The facility includes a 1.8 million metric ton per year ethane steam cracker, two polyethylene units capable of producing up to 1.3 million metric tons per year, and a monoethylene glycol unit with a capacity of 1.1 million metric tons per year.
This will enable Shalimar Paints to pursue both organic and inorganic growth opportunities within existing and even newer product categories
Companies have signed MOU for turning mixed post-consumer plastics into recycled feedstock for petrochemical businesses
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