Petrochemical | 03 March 2021
Covestro sells stake in Dubai-based polyurethane JV
The sale will generate proceeds in the mid-single-digit million euro range.
The sale will generate proceeds in the mid-single-digit million euro range.
The company’s strong top line growth in 2020 was primarily driven by strong demand in decorative and marine segments, despite a declining global coatings market.
The new collaboration will help to increase production of certified circular products that take used mixed plastics to make feedstock
PVC prices, which are now at Rs129.3/kg, have almost doubled since 1st May'20.
The consortium of Oil India Limited and Engineers India Ltd will acquire 49% and the rest 13.65% will be sold to the Government of Assam.
The transaction is expected to close by the middle of 2021, subject to regulatory and third-party approvals.
ExxonMobil intends to use results from the Baytown trial to scale-up advanced recycling capabilities at other global facilities.
IVL is undergoing various transformative initiatives, on our journey towards establishing institutional excellence and efficiency.
The project is expected to be commissioned by September 2024.
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UOP will provide a range of technology licenses, engineering design, key equipment and state-of-the-art catalysts and adsorbents, operator training, and technical services for start-up and continuing operations
Company intends to use results from the Baytown trial to scale-up advanced recycling capabilities at other global facilities, targeting a circular solution for converting difficult-to-recycle plastic waste into feedstock for virgin-quality plastic
The expansion project, budgeted at $61 million, will be rolled out in 2021 and should be concluded in the fourth quarter of 2022
India has potential to become global petrochemicals hub.
The existing O2C operating team will be moving with the transfer of business and there will be no dilution of earnings or any restriction on cash flows, RIL said in its statement.
Company will invest to further increase its fluoropolymer production capacities in Changshu by 35% in 2022
SLENTEX has a more consistent surface, thickness, and robust property.
The new facility will have an annual production capacity of 100KTA.
The Authority notes that there is prima facie evidence of dumping and consequential injury to the domestic industry on account of significant volume of imports.
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Phasing out of oil based fuels will create a huge opportunity for petrochemical products.
This will be first PTA facility in Turkey.
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