Welspun Corp Limited (WCL), a preferred supplier of line pipes in the world has received Rs. 418 crores order from Saudi Aramco.
I G Petrochemicals Limited (IGPL) has commenced the commercial production of its new brownfield manufacturing facility (PA–4 Plant) at Taloja Industrial Area, Maharashtra.
The plastics recycling market in India is estimated to grow at a rate of 6.5% to attain a market size of US $53.72 billion by the end of 2023
The chemicals manufacturing plant utilisation is expected to be between 77% and 81%.
Anti-dumping duty in respect of imports fromRussia is required to be modified in view of changed margin of dumping.
The new process uses bio-based monomers to make the resins, rather than the traditional oil-based
Once complete, the olefins complex will be largest liquefied petroleum gas steam cracker in the world and highly integrated with the refinery to maximize propylene.
The regional and unorganised players are likely to face huge sourcing and working capital challenges in the near term.
The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
The company will focus on industrial adhesives range through its strong OEM clientele of around 300 loyal customers.
The company estimates Paint Protection Films to contribute 20% of FY23 revenue estimated at an incremental Rs. 300 crore.
During the financial year 2019-20, BGRL has recorded revenue from operations of Rs.273.35 crore.
The Board of Directors has also approved the proposal to approach Government of Madhya Pradesh (GoMP) for acquiring 269,00,000 warrants held by GoMP in BORL.
The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced recycling technology.
The adjustment is due to strongly increased raw material prices and applies to Europe, the Middle East and Africa.
If approved, the plant would commence production in 2025.
The new packaging products will be introduced in the market in 2021 and replace fossil-based virgin PP.
State government need to send proposals for the growth of the plastic recycling units.
Solvay's venture capital fund, Solvay Ventures, participated in PrinterPrezz’s recent $16 million equity financing round.
The company has been selected as engineering partner to support integrated refining and chemicals manufacturing facilities in USA.
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