The company has been meeting all its financial and contractual obligations so far. Further, the company is also evaluating the effectiveness of “Forward Contract” in its foreign currency transactions due to volatility in the currency rates especially in US dollar to rupees.
The company has also launched a ‘Safe Painting’ campaign for ensuring safety of painters and assurance to customers for a safe painting experience at home.
The court, in interim orders, directed that the company shall be completely seized and no one including the Directors of the company be allowed to enter the premises.
The company has also started production of Propylene Oxide in Plant 2 after doing trials for a week. With this all the facilities have restarted and would be operated based on market conditions.
The company aims to diversify into the hygiene segment with launch of sanitizer and disinfectant.
Clariant’s CATOFIN catalysts were selected due to the performance and reliability of APC’s existing propylene plant in Saudi Arabia.
The Patalganga facility is planned for 10,000 TPA capacity whereas German facility is planned for 10,000 TPA capacity, taking the overall capacity of 121,300 TPA.
The notes provide goal-based guidelines for the certification of parts produced using an Additive Manufacturing (AM) process, including powder bed fusion by laser or electron beam, directed energy deposition by laser and Wire + Arc AM (WAAM).
The company is resuming its operations as per the guidelines of the Ministry of Home Affairs and state government.
The sharp decline in market volumes in April reflects the effects of the COVID-19 pandemic and mandated government lockdowns on the U.S. economy.
As per the company, its business has been impacted due to COVID-19 pandemic and measures taken by the government to control the same.
The new contract, which commenced on the 1 May 2020, builds on Altrad’s previous contract, which encompassed ExxonMobil and Altrad working in collaborative manner to deliver a value-enhancement programme over a five-year period.
BASF has announced the commercial launch of ZEAL, which is a new Fluid Catalytic Cracking (FCC) additive product designed to enhance the production of light olefins in FCC units that process resid or gasoil feedstocks.
It will have a production capacity of more than 100,000t/yr and will be inaugurated in 2021.
As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe.
How the Aramco/SABIC joint venture (JV) is proceeding with the project planning also reflects that they are mindful of the cost-intensive nature of building a crude oil-to-chemicals (COTC) project.
The goal is to capitalize on an expanding market for electric vehicles.
The expansion is planned to serve the growing number of intermediate and performance chemicals customers in the key market of China, supplying products including SMPO, polyols, ethylene glycol, polyethylene and polypropylene.
The refinery has completed a major upgrading of its berthing facilities in time for the opening of the river-navigation season.
The product will be manufactured in India and supply will be worldwide.
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