The refinery will focus on production of renewable diesel for the aviation industry, production of bioplastics, plastics recycling, operation of two photovoltaic solar power plants.
Company has sold its 49.99% shares in Nynas AB to Bitumina Industries Ltd for an undisclosed amount.
The capacity is proposed to be expanded initially to 46,000 MT to be completed in 18-21 months and then by another 24,000 MT thereafter.
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The project will not only increase the capacity of Gujarat Refinery from 13.7 MMTPA to 18 MMTPA but would also result in integration to petrochemicals with production of 500 KTPA Polypropylene.
Manufactured at their thermoset center of excellence in the UK, the tooling material will be fully stocked in the central US, allowing for immediate order fulfillment for customers in North America.
Investment will support construction of additional production capacities for pyrolysis oil.
Company is rapidly working on implementing a number of new projects to the national plan for the period of 2020-2035.
Easing of containment measures imposed due to Covid-19 pandemic and stimulus packages are likely to increase economic activities and drive petrochemicals demand in countries like China, India and Indonesia.
Funds to be raised through issue of unsecured non-convertible debentures (NCDs)/ Bonds.
Using these innovative and more circular products will help enable Borealis customers to meet their own sustainability targets while maintaining existing quality standards.
The plant will be built in South China and will produce 30,000 tons/yr of polylactide.
The new facility will be primarily responsible for producing the Catofin catalyst for propane dehydrogenation, which is used in the production of olefins such as propylene.
The new 80,000-square-meter blending and packaging facility is Valvoline’s largest plant investment to date – and its first in China – supplying more than 30 million gallons of finished lubricants and coolants per year for both passenger car and heavy-duty vehicle customers.
As per the agreement, Axens will provide technology for production of 1-butene by ethylene dimerization and AlphaHexol for the production of high purity 1-hexene through ethylene trimerization at Ust Luga.
OQ Chemicals will design phase for five world-scale production units for the manufacturing of propanol, butyraldehyde, neopentyl glycol (NPG), 2-Ethylhexanol (2EH), and 2EH acid.
The new plant in Wuxi, China is due to be in operation at the beginning of 2021.
The integrated technology will have the flexibility to process a wide range of biomass feedstocks enabling rapid replication at other locations.
The partnership includes a co-?innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based ?solution for bp infrastructure and bp supplying renewable energy to help Microsoft meet its 2025 ?renewable energy goals.?
As per the study, energy consumption will shift away from fossil fuels, and renewables will grow rapidly as the ?world continues to electrify. ?
These are Durgapur-Banka section of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and two LPG Bottling Plants commissioned by IndianOil and HPCL in Bihar.
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