Page 55 - Chemicals
Cipla hikes stake in US-based Chase Pharmaceuticals to 16.7%
Mumbai-based pharma major has invested additional $ 3 million to raise the stake in Chase, in which Cipla had invested $1.5 million in May 2014 to acquire 14.6% stake
 "Cipla hikes stake in US-based Chase Pharmaceuticals to 16.7%")
US FDA gives EIR to Torrent Pharma's Dahej plant
Dahej plant, which earlier received approval from EU Germany, was set up by Torrent to cater mainly to the regulated international markets like US, Brazil, Germany etc
 "US FDA gives EIR to Torrent Pharma's Dahej plant")
Saudi Aramco and Shell to separate Motiva assets in US
As per agreement, Saudi Aramco will retain Port Arthur refinery, while Shell will assume sole ownership of the Norco & Convent refineries in Louisiana
NRL dispatches rail consignment of high speed diesel to Bangladesh
The goodwill rail rake consignment for supply of 2200 MT (2700 KL) HSD of BS III Grade with 350 PPM sulphur content
IOCL starts work on Octamax unit at Mathura refinery
Octamax unit is result of Indian Oil's in-house R&D effort and will manufacture products of BS VI standard
 "IOCL starts work on Octamax unit at Mathura refinery")
Indian Oil Corp inks pact with 3M for auto care centres
Auto care centres, to be established at IOCL outlets, will not only provide car/bike detailing services but would also sell vehicle care products
 "Indian Oil Corp inks pact with 3M for auto care centres")
Dhanuka Agritech gets licence to manufacture insecticides
The company will manufacture agrochemicals in Rajasthan
BASF uses biomass route to make binders for paints
For this, the company replaces fossil raw materials with renewable feedstock at the beginning of the production process
 "BASF uses biomass route to make binders for paints")
Biocon ties up with Mexico's PiSA to tap insulin market in US
Through this collaboration, Biocon will introduce its rh-insulin product to address the $ 2 billion market opportunity in the US
 "Biocon ties up with Mexico's PiSA to tap insulin market in US")
Manufacturing attracts investments worth about Rs 33 lakh cr
Metal & metal products accounted for almost half (48%) of the total investments followed by chemicals & chemical products (24%), machinery (8%), transport equipment (7%), etc, says a Assocham
 "Manufacturing attracts investments worth about Rs 33 lakh cr")
Rentech Nitrogen sells Pasadena facility to Interoceanic arm
The sale will enable Rentech Nitrogen to proceed toward closing its merger with CVR Partners
Deinove and Arbiom to co-develop a 'carbon-free' chemical industry
The two companies have started a collaboration to demonstrate the synergy of their respective technologies for the valorisation of non-food plant biomass
 "Deinove and Arbiom to co-develop a 'carbon-free' chemical industry")
BASF and Avantium plans JV for bio-based chemical production
The JV will produce and market furandicarboxylic acid (FDCA) based on renewable resources, the main new building block for polyethylenefuranoate (PEF), and set up a 50,000 tonnes FDCA plant
Solvay to advance its exit from Inovyn JV with Ineos
As per the original plan, Solvay planned to exit Inovyn, formed in July 2015, in July 2018. The company will receive Euro 335 million for its exit
 "Solvay to advance its exit from Inovyn JV with Ineos")
IOCL, OIL & BPRL pick up 29% stake in Rosneft's refinery Tyngd in Russia
Indian consortium also intends to buy 23.9% in Rosneft's Vankorneft, which owns Vankor Field and North Vankor license. Vankor is Russia's second largest field by production
 "IOCL, OIL & BPRL pick up 29% stake in Rosneft's refinery Tyngd in Russia")
Merck, Polysolar to develop photovoltaic windows to generate solar power
Two companies, along with Centre for Process Innovation (CPI), is participating in a trendsetting research project in UK that aims to develop windows, which will generate their own solar power
 "Merck, Polysolar to develop photovoltaic windows to generate solar power")
GSFC signs agreement with Canada's KRN to facilitate debt financing
Agreement will help Karnalyte Resources, in which Gujarat State Fertilizers is the largest shareholder, to achieve the financial closure for its Wynyard Potash Project phase I in Canada
 "GSFC signs agreement with Canada's KRN to facilitate debt financing")
Kolon Plastics and BASF to form JV for polyoxymethylene in South Korea
The JV will set up a 70,000 metric tonnes plant to manufacture polyoxymethylene, an engineering plastic used in industrial, transportation, construction and consumer markets
Can bacteria offer remedy for plastic waste?
A team of Japanese researchers have discovered a bacteria, Ideonella sakaiensis, which feeds on plastics, potentially offering a sustainable solution for solving the menace of plastic waste
 "Can bacteria offer remedy for plastic waste?")
European drug regulator suspends CEP certificate for Anuh Pharma's 3 products
EDQM has suspended the Certificate of Suitability (CEP) for Anuh Pharma's three APIs - erythromycin ethyl succinate, erythromycin and pyrazinamide
 "European drug regulator suspends CEP certificate for Anuh Pharma's 3 products")
