Page 114 - Chemicals

Lubrizol to buy Weatherford's oilfield chemicals & drilling fluid businesses

The addition of these two businesses provide Lubrizol with a more significant footprint in the $20 billion oilfield chemicals business

Huntsman restructures pigments & additives biz

The company expects annual cost savings ofabout $130 million from this restructuring program, which will result in cutting down workforce by approximately 900

BioAmber inks bio-succinic acid supply pact with Oleon

Oleon will use bio-based succinic acid for the development of succinate lubricants

BPCL plans Rs 4,588-cr foray into petrochemicals

The company will manufacture downstream petrochemicals using propylene, which will be available after the ongoing Integrated Refinery Expansion Project (IREP) is completed

AkzoNobel inks global supply pact with Daimler

The contract covers the supply and support of AkzoNobel's Sikkens brand to Daimler's dealership network including Mercedes-Benz, Smart, and Mercedes-Benz CV

Solvay to raise polymer production capacity by 25% in India

The company will increase capacity of its Panoli plant, which recently received Responsible Care certification from ICC, to meet surging demand for KetaSpire PEEK and AvaSpire PAEK specialty polymers

Myriant, UPC and Sojitz to co-develop bio-based plasticisers

UPC will utilise Myriant's bio-succinic acid for making bio-based, phthalate-free plasticisers, while Sojitz will closely work with UPC for marketing UPC's branded bio-based plasticisers

Asia Pacific to drive demand for NBR powder to reach $462 mn in 2020

Automotive application is expected to witness fastest growth on account of growing automotive industry in emerging markets including Mexico, China and India, according to Grand View Research Inc

Tecnimont inks MoU with Cronus Chemicals for fertiliser plant in US

The value of the EPC contract to be executed by Tecnimont will be of approximately $ 1.5 billion

PolyOne buys specialty assets from Accella Performance

The acquisition will help PolyOne accelerate specialty platform growth with expanded portfolio of liquid polymer solutions

Sika opens research centre in UK

The centre will focus on research in the area of liquid roofing

IOC to ink MoUwith IDCO for petrochemical complex at Paradeep

The petrochemical complex, to be set up by IOC, is a part of the petroleum, chemicals and petrochemicals investment region (PCPIR) hub

Global oleochemicals market to touch $ 30 bn by 2020

Asia Pacific was the largest regional oleochemicals market and accounted for 41.9 per cent of total market volume in 2013, according to Grand View Research Inc

Acron offers 30% stake to India in potash project in Russia

The Department of Fertilizers (DOF) has constituted a consortium consisting of NMDC, RCF, Kribhco, FACT, and NFL for this $2 billion project

Jindal Steel abandons coal-to-liquid project in Odisha

The company was planning to set up a Rs 60,000 crore CTL plant to convert coal into petroleum products

Japan's Nihon Nohyaku acquires 74% stake in Hyderabad Chemical

Hyderabad Chemical, the manufacturer of pesticides, is a part of Shroff Group of Companies

Global Bioenergies produces butadiene through biological process

For the first time, the company has succeeded in producing butadiene by direct fermentation from renewable resources

BASF to invest $625 mn for enhancing superabsorbent capacities

The first wave of revamping existing plants will be kicked off in Europe, closely followed by plants in Asia and the Americas

Hanwha Group acquires Samsung's defense and chemical subsidiaries

The deal will help Hanwha Group to emerge as one of the leading players in the defense and petrochemical industries in South Korea

National Chemical Policy to be out soon

The Indian chemical industry is expected to grow at a rate of 15% per annum over the next few years, according Dr A J V Prasad, who was speaking at CII's chemical industry conference