The total sale price of $800 million consists of $725 million cash at closing and an additional amount of up to $75 million to be paid based on performance of the rubber additives business post-closing through 2023
Under the joint venture agreement, PolyMirae will offtake and sell all polypropylene produced by the facility to customers throughout Asia
The company has posted net profit of Rs.248.90 crores for the 12 months period ended March 31, 2021 as against net profit of Rs.423.81 crores for the 12 months period ended March 31, 2020.
The company reported total income of Rs.31.90 crores during the 12 months period ended March 31, 2021
The cooperation between NextChem and Paul Wurth is aimed at developing an advanced technological solution to convert natural gas into synthesis gas
Once complete, Brightmark’s second commercial scale plastics renewal facility will divert 400,000 tons of plastic waste each year from landfills and incinerators and convert it into 64 million gallons of ultra-low sulfur diesel fuel and naphtha blend stocks, and 20 million gallons of wax
LuPech project will produce import substitutes like Lube Oil Base Stock (LOBS) and polypropylene
This acquisition is fully aligned with the Fostering a Circular Economy pillar of the Company’s long-term strategic growth plan
Aerospace sealants, coatings and adhesives helped ULA provide protection for the Atlas V 541 rocket, which aided the Perseverance rover in reaching its final destination
Agreements were signed for creating a unified system for geotechnical monitoring of hazardous industrial facilities
The company reported total income of Rs.11817.13 crores during FY 20-21
The acquisition includes six bioprocessing facilities located in Iowa and Nebraska and two terminals in Texas and Georgia
As part of the agreement, Air Liquide will provide the License, Process Design Package and technical services for a Cryocap FG (Flue Gas) plant that will capture more than 90% of the emissions on the two Vlissingen site’s existing hydrogen production units and will have the capacity to liquefy 2,400 tons of CO2 per day
TTPL expects revenues to recover sharply over the next two years.
CPVC pipe prices on the other hand are likely to surge in the foreseeable future
Going forward, it will promote this initiative to collect used bottles and reuse them in cosmetics PET bottles, achieving material recycling from bottle container to bottle container
The technology expected to be the new standard for production of synthetic rubbers
The Iupital MA series meets the quality and regulatory requirements for medical materials
Gradual recovery in global demand as vaccines are rolled out may help diesel cracks and GRM recover.
The paint sector reported revenue and EBITDA growth of 6% and 12.4%, respectively in FY21
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