Petrochemical | 29 July 2020
OMV to issue a new hybrid bond to help finance Borealis purchase
The company said it intended to issue the new bond within the next 12 months.
The company said it intended to issue the new bond within the next 12 months.
Sales stood at Rs 1,179 crore versus Rs. 2,016 previous year
The new milestone was achieved as a result of successful waste reduction projects undertaken by chemical companies in the region in line with their commitment to sustainability and the circular economy.
The sale should be finalised by the end of the year, once the conditions of the sale have been satisfied.
The JV will set up manufacturing units across the country with cost-effective logistics solutions, keeping innovation, safety and sustainability at the helm of its operations.
Hengli can now produce high-quality alkylate product from 100% isobutylene feed.
Sales decline 62.08% to Rs 292.27 crore
The UOP Chlorsorb technology achieves up to 99% chloride removal efficiency, eliminates the need for caustic scrubbing, and reduces operating cost of a CCR Platforming unit.
The $250 million storage facility will be developed in two phases by creating multiple caverns in the existing underground salt formation.
The 5 barrel per day (bbl/d), first-of-its-kind demonstration unit, employs the Biofuels ISOCONVERSION technology, jointly developed by CLG and ARA, to produce renewable jet fuel and renewable diesel out of an algae oil blend and waste vegetable oil.
The plant will be designed to produce 450,000 metric tons per year (m.t./yr) of polypropylene.
The company’s downstream operating model will include four commercial business units: Fuels (includes Refining, Trading, Retail and Lubes); Chemicals; Power; and Pipelines, Distribution & Terminals.
The venture will be using polymers products as raw materials promoting sustainability and downstream initiatives.
Company is planning to shut down one of the crude distillation units at its refinery at Jamnagar for planned routine maintenance and inspection activities, for about 3 to 4 weeks starting in the 4th week of July, 2020.
The company said its third quarter aggregate sales volumes are anticipated to be down 8% to 15%, differing by business and region.
The agreement enables the migration of all Halliburton physical data centers to Azure, which delivers enterprise-grade cloud services at global scale and offers sustainability benefits.
The region’s polyolefin exports account for around one-third of global polyolefin trade.
Total new plant capacity will increase to 1.2 million MTA.
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Talking about the Strategic Energy Partnership, Pradhan said that cooperation in the natural gas sector has been identified as a priority area in the field of LNG bunkering, LNG ISO container development, petrochemicals, bio-fuels and Compressed Bio Gas in the Indian energy sector.
The RIL and Aramco deal has been in the works for some time and doubts were raised on its early completion due to Covid-19 outbreak and lockdowns.
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