The transaction will enhance Neste’s competitiveness in the global renewable waste and residue raw material market.
Under the terms of the agreement, Celanese will supply Wanwei with its ethylene-based VAM, which has been recognized by the China Petroleum and Chemical Industry Federation (CPCIF) as an environmentally sustainable product.
Covestro and Teknor Apex intend to cooperate closely on compounding thermoplastic polyurethane (TPU) and have signed a cooperation agreement to this effect.
The operations at these locations will be carried out in accordance with the guidelines issued by the regulatory authorities, after obtaining permissions wherever required.
The advanced automation technology will provide the plant with high operational flexibility, reliability and availability in producing biofuel to replace fossil fuel.
Sanitisers are an essential component in the fight against the deadly coronavirus infection and are used as a disinfectant to prevent the spread of the disease.
The new concept combines Nouryon’s Expancel expandable thermoplastic microspheres, which reflect light, and its Levasil colloidal silica, which improves the performance of the coatings.
Lucite International has entered into an exclusive agreement with Agilyx to use the Agilyx depolymerization technology to define the most suitable chemical recycling infrastructure for recycling PMMA.
The contract’s overall value is approximately €1.2 billion, the significant majority of which pertains to the Maire Tecnimont Group.
The project aims at increasing CHPCL’s high-purity aromatics production capacity to 3 million tpy. The new aromatics complex will produce 1.5 million tpy of para-xylene in a single train.
Tire cord binders business will complement Trinseo’s expertise in coatings and tire ingredients
McDermott International, Inc. with its partners, Chiyoda International Corporation and Zachry Group, today announced the beginning of commercial operation of Train 3 of the Freeport LNG project, owned by Freeport LNG Development, L.P.
The operations at Silvassa are being carried out in complete compliance with the precautionary measures, conditions and directions as mentioned in the guidelines/ orders from respective Government authorities regarding the COVID-19 safety advisories.
The acquisition has been approved by regulatory authorities, and the deal has been closed.
The product is being manufactured at the company’s existing plant at Ankleshwar, Gujarat, after obtaining all the necessary statutory approvals and permissions.
After the approval, the oil-to-chemical (O2C) business will become a separate vertical with independent balance sheet just like the conglomerate’s digital arm, Jio Platforms.
The company said that it is donating $1.5 million in monetary and in-kind product donations in the Americas region to assist those most impacted during the COVID-19 pandemic.
FY20 revenue from the Refining & Marketing segment declined by 1.6% to Rs. 387,522 crore; revenue from the Petrochemicals segment decreased by 15.6% to Rs. 145,264 crore whereas revenue for the Oil & Gas segment decreased by 35.8% to Rs. 3,211 crore.
Revenues for the Refining and Petrochemicals business declined in line with fall in average oil and product prices for the year. Average Brent oil price declined 13% Y-o-Y, while realisations for key petrochemical products declined by 15%-32% Y-o-Y.
The proposed Rights Issuance will be the first by RIL in three decades. The issue will be structured as partly paid shares and will enable shareholders to phase out the outlay on their investment over a period of time.
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