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.
OMPL, a subsidiary of MRPL, is a joint venture between ONGC and MRPL and the acquisition is subject to customary consents and approvals.
MCC has sold its polymer flocculant business to Japan based MT AquaPolymer, Inc. and Hymo Corp.
Lummus’ Green Circle will be the exclusive licensing party for this technology and will be responsible for providing studies, basic engineering, technical services, and proprietary equipment as part of the technology transfer package.
Completion is subject to regulatory approvals and expected before the end of Q1, 2021.
The company has reported total income of Rs.665.37 crores during the period ended September 30, 2020 as compared to Rs.868.61 crores during the period ended September 30, 2019.
The facility, built in one year, is capable of producing 20,000 metric tons per year of rubber bitumen.
Company has allotted 1000 units of commercial paper of Rs. 5,00,000/- each, aggregating to Rs.50 crores at a discount rate of 4.75% p.a.
This strategic partnership aligns with ELC’s sustainable packaging goals, which includes increasing the amount of post-consumer recycled (PCR) material in its packaging by up to 50% by 2025.
The certification was issued for three material families manufactured at three European sites: polystyrene from Tessenderlo, Belgium, polycarbonate produced in Stade, Germany and synthetic rubber from Schkopau, Germany.
The global polyvinyl chloride (PVC) capacity is poised to see considerable growth by 2024, potentially increasing from 56.13 million tpy in 2019 to 65.60 million tpy in 2024, registering a total growth of 17%.
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