Petrochemical | 27 October 2020
Supreme Petrochem swings back to profit in second quarter
Company's net jumped by 139% YoY and stood at Rs.86.15 crores in Q1 FY21.
Company's net jumped by 139% YoY and stood at Rs.86.15 crores in Q1 FY21.
DGTR has recommended to increase the rate of customs duty on Polybutadiene Rubber, excluding its titanium and lithium grades, originating in Korea for two years in order to safeguard the domestic industry from significant jump in import of the product.
This development broadens INOVYN’s production network across Europe and strengthens its long-term growth strategy to improve the circular economy with BIOVYN, offering customers an even broader range of choice of bio-attributed PVC grades and copolymers.
As the Chair Professor Prof. Dash will conduct and promote research study in the area of Customer Care, build a systematic body of knowledge and establish a world class customer care centre under his leadership.
Around 45 CEOs of major global Oil and Gas companies will attend the event this year as India is an important player in the global Oil and Gas sector being the 3rd largest consumer of crude oil and the 4th largest LNG importer.
The company's net profit stood at Rs. 830.37 crore in second quarter of the current fiscal.
Isoamylene is predominately used in a diverse set of applications, including resins, pesticides, flavors and fragrances, pharmaceuticals, healthcare products, adhesives, antioxidants, and UV stabilizers.
As per the company, all its products designed for foodservice and food packaging applications will contain 25 percent recycled content by 2030.
The new production line at the Celanese Bishop manufacturing facility is expected to add approximately 15kt per year of GUR product capacity by the start of 2022.
Located 90 meters below ground, the storage volume of the new cavern enables Borealis to source feedstock from various sources and markets.
A joint project involving these three companies has been awarded a £3.1m grant from UK Research and Innovation (UKRI) to develop chemical recycling by combining the expertise of these global leaders in their respective business areas to make hard-to-recycle plastic packaging recyclable.
The sale of its expandable styrenics business is an important step in Nova Chemicals’ plan to focus on its olefin and polyethylene business, which includes additional investments to advance a global circular economy for plastic.
Currently, the company is building a 15,000 ton/y plant at its Himeji Plant, and expects to start production and sales beginning in June 2021.
Directorate General of Trade Remedies (DGTR), Govt of India took the decision to guard domestic players from cheap imports from the neighbouring country.
Under the MoU, GO will apply BASF’s wide range of Keropur additives to conventional fuel to reduce fuel consumption and emissions. In addition, both parties will exchange knowledge to better serve local customers in Pakistan.
The partnership opens the door for industrial customers to access Henkel’s patented single-component technologies (1K) for use with the Carbon Digital Light Synthesis (Carbon DLS) 3D-printing process.
Company has received 1,000 tons of renewable phenol from Borealis for producing high-performance plastic polycarbonate
The plant will focus on manufacturing rubber black which is used in tyres and also on specialty black.
Both organizations will come together to explore the scope for the first- commercial large-scale facility of its kind in the UK.
While reviewing the performance of CPSEs, the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman said that Capex by CPSEs is a critical driver of economic growth and need to be scaled up for the FY 2020-21 and FY 2021-22.
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