The project will be realized under a 50-50 joint venture called SPEAR (SABIC Plastic Energy Advanced Recycling BV) and is being executed with a Top Sector Energy Subsidy from the Ministry of Economic Affairs in the Netherlands
The company has reported total income of Rs.1227.79 crores during the 9 months period ended December 31, 2020
The company has lit up the Kiln and after preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly.
The plant is spread over 35 acres with an initial capital outlay of Rs. 150 mn and proposed to be entirely funded through internal accruals.
SMR will acquire 75% stake and thus will enter into a partnership with the founder of Plast Met.
The company has commissioned 2 lines of PVC pipe and 1 line of HDPE/Sprinkler pipe.
The company registered a net profit of Rs. 11.37 crore in Q3FY21
With the expansion, Avient will also improve lead times for color matching locally.
Indigo Paints proposes to utilise the net proceeds towards funding capital expenditure for expansion of its existing manufacturing facility at Pudukkottai, Tamil Nadu by setting-up an additional unit adjacent to the existing facility and more.
The purpose of this demo plant is to generate material for brand owners and converters to qualify, validate and prove fit for use in their highly demanding applications.
Hengli successfully used Callidus burner technology from Honeywell UOP to minimize nitrogen oxide (NOx) and carbon monoxide (CO) emissions in China, and reduce the impact of these emissions while ensuring safe and stable operations
The divestment consolidates 100 percent of Gemini ownership and all marketing under INEOS.
Khadi Prakritik Paint is available in two forms – distemper paint and plastic emulsion paint. Emulsion paint meets BIS 15489:2013 standards whereas Distemper paint meets BIS 428:2013 standards.
The company has posted net profit of Rs.1.43 crores for the 9 months period ended December 31, 2020.
The businesses will be known as INEOS Acetyls and INEOS Aromatics.
The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions.
Purchased by MISC in July 2020, this VLEC is the second of the six contracted VLECs, purpose-built for longterm charter to Zhejiang Satellite Petrochemical Co. Ltd. (STL).
Sales and captive (internal) use of major plastic resins totaled 7.4 billion pounds during November 2020.
Diverse shades like blue and yellow are making gains in some regions, while red and violet are slowly cutting the lead held by the achromatic colors in other parts of the world.
BASF is increasing prices globally for a large part of its Formulation Additives for paint and coatings industry .
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