Page 73 - Chemicals
Praj signs co-development pact with US-based Gevo for isobutanol technology
As per the deal, Praj will invest in the development of Gevo's isobutanol technology and for making renewable jet fuel from isobutanol in India
 "Praj signs co-development pact with US-based Gevo for isobutanol technology")
DSM and Syngenta to co-develop biological solutions for agriculture
The collaboration aims to accelerate the delivery of a broad spectrum of products based on naturally occurring micro-organisms for pre- and post-harvest application around the world
Albemarle sells Tribotecc metal sulfides business to Treibacher
The transaction includes sites in Vienna and Arnoldstein, Austria and Tribotecc's proprietary sulfide synthesis process
Lanxess to invest Euro 60 mn in Saltigo's Leverkusen facility
The company to expand capacity for custom manufacturing owing to high demand for fine chemicals, especially from agrochemicals industry
 "Lanxess to invest Euro 60 mn in Saltigo's Leverkusen facility")
Jindal Poly Films to invest Rs 1000 crore for global expansion
The company will increase the production capacity of biaxially oriented polypropylene (BOPP) films, used in flexible packaging, by 161,000 tpa to reach 606,000 tpa globally
 "Jindal Poly Films to invest Rs 1000 crore for global expansion")
Canada's Fairfax acquires 45% stake in ADI Finechem for Rs 130 cr
Fairfax India will also make an open offer for an additional 26% stake in ADI Finechem, a speciality chemical manufacturer located near Ahmedabad (Gujarat)
 "Canada's Fairfax acquires 45% stake in ADI Finechem for Rs 130 cr")
China will remain at the heart of energy market for decades: Dr Mosongo Moukwa
The current picture is a reminder that prices in all energy markets are set by the balance of supply and demand. China is the most important country on the demand side
 "China will remain at the heart of energy market for decades: Dr Mosongo Moukwa")
National Productivity Council ropes in Danfoss to promote energy efficiency
As per this agreement, NPC and Danfoss India will utilise the training facilities for developing practical and theoretical training in the field of improving energy efficiency
 "National Productivity Council ropes in Danfoss to promote energy efficiency")
Torrent Pharma commissions Dahej plant
The company has invested over Rs 650 crore in the first phase of the facility, which is the company's fifth formulation plant and the second APIs plant
 "Torrent Pharma commissions Dahej plant")
Dr Reddy's receives US FDA warning letter for AP and TN facilities
The company says that it will respond with a comprehensive plan to address the observations, mentioned in the letter, within the stipulated time-frame of 15 days
Gail and TERI to work on document to tackle climate change
The final document, which will outline the Indian corporate vision on various aspects of tackling climate change, will be launched at COP 21 conference in Paris later this month
 "Gail and TERI to work on document to tackle climate change")
Aarti Industries to demerge pharma and home & personal care businesses
Meanwhile, the company has commissioned its expanded nitro chloro benzene (NCB) facility having production capacity of 75,000 metric tonnes
 "Aarti Industries to demerge pharma and home & personal care businesses")
Aerosol propellant market to reach $8.16 bn by 2020
Personal care & homecare products, environment regulations, increase in the disposable income, etc are driving the aerosol propellant market, according to MarketsandMarkets' report
 "Aerosol propellant market to reach $8.16 bn by 2020")
Technip bags contract for PTTGC's ethylene cracker project in US
The plant, which will use low cost ethane from the region's shale deposits, will be part of a major shale-based petrochemical complex to be built by PTTGCA
 "Technip bags contract for PTTGC's ethylene cracker project in US")
Manali Petrochemicals to set up overseas subsidiary
With this, the polyols manufacturer plans to expand its global footprint
 "Manali Petrochemicals to set up overseas subsidiary")
DuPont plans business unit consolidations
As a result, DuPont has merged the Packaging & Industrial Polymers business with Performance Polymers business and Protection Technologies business with Building Innovations business
Evonik to expand PEEK polymer capacity in China
Polyetheretherketone (PEEK) has experienced strong growth over the last five years across all relevant industry segments such as oil & gas, aviation and automotive
 "Evonik to expand PEEK polymer capacity in China")
Cosmo Films to expand BOPP capacity to tap flexible packaging market
While the company will invest Rs 200 cr to raise BOPP capacity by 60,000 tpa at Vadodara facility, it will spend Rs 20 crore on a new cast polypropylene line at its Maharashtra facility
 "Cosmo Films to expand BOPP capacity to tap flexible packaging market")
Cipla sells stake in biotech arm Biomab Holding
The company will focus on global development under Cipla BioTec, which will focus on research, development, manufacturing and marketing of biosimilars
 "Cipla sells stake in biotech arm Biomab Holding")
Natural Capsules plans to invest Rs 25 cr for capacity expansion
While the company will enhance gelatin capsules capacity at Pondicherry unit, it will upgrade and convert the existing three gelatin capsules lines to HPMC (vegetarian) lines at Bangalore
 "Natural Capsules plans to invest Rs 25 cr for capacity expansion")
