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.
The company will use chemically recycled plastics supplied by Sabic in Europe.
The committee said the tanks from which the gas leaked May 7 at the LG Polymers plant in Vishakhapatnam, a port city in Andhra Pradesh state, were outdated and lacked temperature sensors.
The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.
The company has supplied polyamide (DOMAMID 6NC) to a safety mask manufacturer for the filter valve of their N95 mask model.
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IndianOil Corporation Limited has issued 30,000, 5.05% unsecured, listed, rated, taxable, redeemable, non-convertible debentures (Series -XVII) of Rs. 10,00,000 each aggregating to Rs. 3,000 crores on Private Placement basis on 27th May 2020 to meet its Capex requirements.
Oriental Aromatics Limited has started manufacturing operations at Bareilly, Vadodara and Ambernath with permissions from central government and state governments.
Siemens Gas and Power’s scope of supply includes 17 reciprocating compressors, along with a single-stage, hot gas expander.
The acquisition will strengthen active beauty’s global capabilities in botanical active cosmetic ingredients.
Gulshan Polyols Q4 FY2019-20 revenue from operations was down by 20.6% to Rs. 135 crore vis-a-vis Rs. 170 crore in FY 2018-19.
Supreme Petrochem's domestic demand for Polystyrene and EPS (Expandable Polystyrene) remain subdued due to lockdown while demand for other products is negligible whereas exports of Polystyrene (PS) have recently picked up.
Usage rates in Brazil and the United States were temporarily reduced due to lower demand and the movement to reduce inventories in the petrochemical and plastics production chain.
BP has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian Chemical Co., Ltd.
The acquisition will help make Firmenich the industry leader in renewable and sustainable ingredients.
CIPET will be in a position to fully devote for the growth of entire petrochemical sector says Gowda
Worley will provide engineering, procurement, and construction (EPC) services for Encina’s consumer-plastics-to benzene-toluene-xylenes (BTX) processing plant in the U.S.
Wood Mackenzie projects demand growth for Chinese polyethylene and polypropylene at 3.1% and 2.8%, respectively, for 2020 compared to 2019.
Agreement marks the extension of a decades-long working relationship to co-engineer high-performance gas engine lubrication
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