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The sales of MS, HSD and ATF in May 2020 was lower by 38.9% as compared to May 2019 says Indian Oil Corporation Limited.
Hengli’s 4th PTA line was executed in record time of 22 months from engineering kick-off meeting to start-up
Solvay will supply a range of composites and adhesives to Leonardo for a period of five years.
The company has been able to resume production in all its plants after taking the necessary permissions from the government.
The sale of petroleum products in May 2020 is lower by around 30% as compared to May 2019 whereas in April it was down by 55% says Bharat Petroleum Corporation Limited (BPCL).
The two companies will partner in a business that makes use of this leading-edge recycling process.
The petrochemical chemical industry is important for the economy now and will continue to be so in the future.
In an order on Wednesday, an NGT bench headed by its Chairperson Justice Adarsh Kumar Goel noted, "We find the company has strict and absolute liability for the environmental damage and consequential loss to life and public health in this case."
The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.
The company has restarted operations with available workforce, since May 15, 2020, adhering to the safety norms prescribed by the government.
The estimated cost of the project is Rs. 28,983 crore.
The new material grade will be available in various performance grades as fiber and unidirectional laminate (UD).
The increased use of alternative resources for in-house production is part of a long-term strategic program that Covestro is implementing as it fully commits to the circular economy.
With the impact of COVID-19 outbreak globally and the downturn in oil and gas market prices, companies are announcing project delays.
Company expects to invest between $650-$750 million in its renewables business, with an expected aggregate internal rate of return of 20-30%.
The LanzaJet process can use any source of sustainable ethanol for jet fuel production, including, but not limited to, ethanol made from recycled pollution, the core application of LanzaTech’s carbon recycling platform.
The transaction is expected to be finalized in the second quarter of 2020.
The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth.
The plant, set to produce 200,000 metric tons annually, is expected to come online in 2023.
The company plans a $25 million process safety and control systems upgrade to the facilities and will start production in two new oxide reactors by the end of this year.
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