Page 98 - Chemicals

Lanxess starts production at new ethylene propylene diene rubber plant in China

The EPDM plant has a nameplate capacity of 1,60,000 metric tonnes per year

Indian Oil plans foray into petrochemical production in US

PSU is holding exploratory talks with companies in the US who are planning to set up downstream petrochemical unit

Ipca Labs starts open offer for Krebs Biochemicals

If Ipca gets the management control of Krebs Bio, it is expected to bolster its capabilities with the knowhow of Krebs in bio-fermentation & its two US FDA-approved facilities

Engineering plastics market in US to reach 5.1 bn pounds in 2019

While automotive, electrical and electronic sectors will be largest users of engineering plastics, construction, medical and consumer sectors will provide the fastest growth, according to Freedonia

Corbion acquires Archer Daniels Midland's lactic acid business

This transaction includes the sales and delivery of lactic acid, sodium lactate, and potassium lactate products

Mitsubishi to set up methanol and dimethyl ether plant in Trinidad and Tobago

The plant, which entails about $1 billion of investment, will have capacity to manufacture 1 million tonnes per annum (tpa) of methanol and 20 thousand tpa of dimethyl ether

Responsible corporate citizenship: Sharing social value to create business sense

Statutory obligation has forced chemical companies to turn philanthropist. However, companies will have to align their social welfare programs with their business goals for long-term gains

Reliance Industries opens 650 KTA PET resin plant in Dahej

This consolidates Reliance's position as a leading PET resin producer with a global capacity of 1.15 MMTPA

Reliance Industries starts purified terephthalic acid plant in Dahej

With this new plant, which has a capacity of 1150 kilo tonne, Reliance Industries' total PTA capacity has been increased to 3.2 million metric tonne per annum

PM Narendra Modi pitches for 'Make in India' at Hannover fair in Germany

In his inaugural address, Modi made a strong pitch for 'Make in India' initiative and urged global CEOs to invest in India, who is the partner country at the Hannover trade fair

L&T inks pact with Areva for Jaitapur nuclear power project

The agreement aims to maximise localisation for the nuclear power plant, which will be based on Areva's EPR nuclear reactor - a third generation advanced pressurised water reactor

Kuraray acquires Australia's Plantic Technologies

With this, Kuraray expands into bio-based barrier materials, which meet the increasing global demand of bio-based food packaging materials

Celanese converts coal-based boiler plant to gas-fired

The company invested $150 million in the clean energy conversion project at Virginia facility

BioAmber licenses Johnson Matthey technology to produce BDO & THF

The licensing package will enable BioAmber to construct plant that uses bio-succinic acid as the feedstock to produce 1,4-butanediol (BDO) and tetrahydrofuran (THF)

Ashland to sell Valvoline's car-care products assets to Highlander Partners

Car-care products represented less than four percent of Valvoline's $2 billion in sales for the 12 months ended December 31, 2014

Asahi Glass to invest $400 mn in Indonesia

The company will construct power plant to enhance the competitiveness of its chlor-alkali business in Southeast Asia

Mylan proposes to buy Perrigo in a $29 bn cash & stock deal

The deal, if materialises, would led to creation of a pharma company having interest in specialty brands, generics, over-the-counter (OTC) and nutritional products

A Schulman to set up masterbatch plant in Turkey

The new facility will produce the company's premium additive, white, and breathable masterbatches for food and industrial packaging customers in Turkey

Italy's Maire Tecnimont bags Euro 350 mn contract for PP plant in Azerbaijan

The company has reached agreement with Socar Polymer for an EPC lump sum contract for the implementation of a polypropylene plant at the industrial site of Sumgayit, Azerbaijan

Consultative Committee meets to discuss PCPIRs, plastic parks

The Government aims to achieve an investment of Rs 7,62,000 crores and generate employment for 34 lakh people in PCPIRs in time bound manner