Page 52 - Chemicals
Reliance to shutdown distillation unit of Jamnagar SEZ refinery for 3 weeks
The company will shutdown the unit in May this year for routine maintenance & inspection activities
 "Reliance to shutdown distillation unit of Jamnagar SEZ refinery for 3 weeks")
Maritime India Summit attracts Rs 82,905 cr investment
A total of 141 MoUs and business agreements were signed by various players in maritime sector including major ports, state maritime boards and PSUs, says the Ministry of Shipping
 "Maritime India Summit attracts Rs 82,905 cr investment")
Railways withdraws 10% port congestion surcharge
The withdrawal is expected to give respite to the industry in bringing down logistics costs and thereby attract increasing volumes of traffic to the rail mode
 "Railways withdraws 10% port congestion surcharge")
The BIS Bill 2015: Paving the way for a safer India
The Government has called the Bill revolutionary, an enabler that gives fillip to its initiative to move towards the 'Zero defect & Zero effect' (ZED) regime
 "The BIS Bill 2015: Paving the way for a safer India")
JBF Petrochemicals inks paraxylene supply agreement with ONGC arm
As per the deal, ONGC Mangalore Petrochemicals Ltd (OMPL) will supply paraxylene to JBF's purefied terephthalic acid (PTA) plant in Mangalore, Karnataka
 "JBF Petrochemicals inks paraxylene supply agreement with ONGC arm")
India proposes to invest $ 20 bn in petrochemical & fertiliser sectors in Iran
The country also expresses interest in setting up a LNG plant and a gas cracker in Iran's Chabahar port
 "India proposes to invest $ 20 bn in petrochemical & fertiliser sectors in Iran")
Toyo Engineering bags Chambal Fertilisers' $ 600 mn contract for fertiliser complex project
The complex, which will be located at Kota (Rajasthan), will have an ammonia plant with capacity of 2,200 tonnes per day (TPD) and a urea plant with capacity of 4,000 TPD
 "Toyo Engineering bags Chambal Fertilisers' $ 600 mn contract for fertiliser complex project")
South Africa's Adcock Ingram sells Indian business to Samara Capital for Rs 151 crores
The divested business was acquired by Adcock Ingram in 2013 from Cosme Farma Laboratories for about Rs 328 crore to tap the Indian pharmaceutical segment
 "South Africa's Adcock Ingram sells Indian business to Samara Capital for Rs 151 crores")
Chemtura to expand Adiprene LF MDI prepolymers capacity in Italy
The expansion will complement Chemtura's existing LF MDI production capability in Gastonia (USA) and ensures a flexible, reliable supply of LF MDI to its customer
 "Chemtura to expand Adiprene LF MDI prepolymers capacity in Italy")
Pembina and Kuwait Petroleum plans integrated polypropylene facility in Canada
The project could consume approximately 35,000 barrels per day (bpd) of propane and produce up to 800,000 metric tonnes per year of polypropylene
 "Pembina and Kuwait Petroleum plans integrated polypropylene facility in Canada")
Gates Foundation invests $ 5 mn in Amyris to reduce cost of malaria treatment
The program will focus on the continued production and secure supplies of artemisinic acid and amorphadiene to be converted to artemisinin for use in artemisinin combination therapies (ACTs)
 "Gates Foundation invests $ 5 mn in Amyris to reduce cost of malaria treatment")
Greybull Capital to buy Tata Steel's Long Products Europe business
The sale covers several UK-based assets including the Scunthorpe steelworks, two mills in Teesside, a mill in northern France, etc
 "Greybull Capital to buy Tata Steel's Long Products Europe business")
Tata Chemicals to re-route ammonia supply pipeline at Haldia
Pipeline re-routing activity likely to cause a shutdown of operations by about 5 weeks in Sept-Oct 2016 due to interruption of ammonia supply to the TCL's Haldia phosphatic fertiliser plant
 "Tata Chemicals to re-route ammonia supply pipeline at Haldia")
Biosimilars to help health systems in US and Europe save $ 110 bn by 2020
Surge in biosimilars to drive significant change in health system costs, patient access and competition by 2020, says an IMS Health study
 "Biosimilars to help health systems in US and Europe save $ 110 bn by 2020")
Global demand for flavours & fragrances to reach $ 26 bn in 2020
Increasing consumer demand for natural products and transparency in labelling, driven in part by health concerns regarding artificial ingredients, will impact demand, says a Freedonia report
 "Global demand for flavours & fragrances to reach $ 26 bn in 2020")
Lanxess and Saudi Aramco completes synthetic rubber JV deal
As a result of this deal, Lanxess received cash proceeds of around Euro 1.2 billion
Air Products to build nitrogen plant for South Korea's JSCK
JCET Stats ChipPAC Korea Ltd (JSCK) is one of the leading semiconductor packaging and test services providers
L&T Hydrocarbon bags two orders worth $ 370 mn from Oman's PDO
As per the new orders, LTHE will be responsible for EPC of Saih Nihaydah Depletion Compression Phase 2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) projects
 "L&T Hydrocarbon bags two orders worth $ 370 mn from Oman's PDO")
Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals
Investment will be used by Sanmar in the project for expanding PVC capacity at its Egyptian manufacturing facility to 400,000 TPA
 "Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals")
Pfizer and Allergan calls of their $160 bn merger deal
In connection with the termination of the merger agreement, Pfizer has agreed to pay Allergan $150 million for reimbursement of expenses associated with the transaction
 "Pfizer and Allergan calls of their $160 bn merger deal")
