Chemical

India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to USD 1,000 billion by 2040, McKinsey said in a report. In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade. "It now stands poised to play an increasingly dominant role across both consumption and manufacturing in the global arena," it said. The sector is projected to grow at 11-12 per cent during 2021-27 and 7-10 per cent during 2027-40 -- tripling its global market share by 2040. "India is expected to account for more than 20 per cent of incremental global consumption for chemicals over the next two decades. Domestic consumption and demand is expected to rise from USD 170-180 billion in 2021 to USD 850-1000 billion by 2040," it said. Chemicals find wide usag

Company has increased capex for the business to tap into new opportunities

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

BASF in April scaled back its investment budget as the coronavirus crisis hit automakers, the chemicals giant's biggest customers.

Industry terms the move detrimental to India's food security; activists say 'useless'

The centre will offer services to not just to RIL's polymer business, but also for its customers

Egyptian Petrochemicals has awarded the contact to the company to set up the 228-TPD plant

LTHE & ICT to provide complete solutions in setting up 2G ethanol plants, based on ICT technology

Plans separation of specialty chemicals business within 12 months & investment €1 bn in R&D by 2020

It will make investment, spread over 10-year, in major chemical, refining, lubricant & LNG projects

Growing focus on innovations to create opportunities in Indian coating resin market, says TMR report

Ningbo Wanglong supplies flavour and fragrance products (vanillin) to food manufacturers globally

The transaction is based on an enterprise value of about € 1 billion

As per the deal, Suez will annually supply 20,000 MT of used cooking oil to Total's La Mede biorefinery, where it will be processed into biofuel

With Fortilife, which enables minimum liquid discharge (MLD), Dow Water & Process Solutions aims to tap water intensive industries such as textile, power, etc

As part of this project, Praxair will also construct a new carbon dioxide purification and liquefaction facility

The JV company, PG Technologies, will focus on development and application of specialised coatings tailored for GE Aviation's and CFM International's current and future engine models

The shutdown, which will start from the second week of November 2016 for about 5 weeks, will provide an opportunity to carry out a revamp job in one of the polypropylene units

Fires at Ludwigshafen site, triggered due to an explosion during work on a pipeline that carried ethylene and propylene product, has resulted in the shutdown of steam crackers

HFC-23, a potent greenhouse gas with Global Warming Potential (GWP) of 14800, is produced as a by-product of HCFC-22 manufacturing, and if vented out it is a threat to environment