Page 11 - Chemicals

Budget proposes Rs 10k crore to clear fertiliser subsidy dues: Ananth Kumar

The planned four medical devices parks to give boost to Make in India initiative

Supreme Petrochem starts swing production line at Nagothane plant

This will enable the company to produce 42,500 tonnes of styrene methyl methacrylate (SMMA)

Praxair starts hydrogen facility for Dow Chemical in US Gulf Coast

The company will also supply nitrogen for Dow's chemical production facility

Yuhuang Chemical awards Amec Foster for supplying auxiliary boiler

The boiler will be used for YCI's methanol facility currently under construction in Louisiana (USA)

Chemtura shareholders approve acquisition by Lanxess

Lanxess had inked a pact to buy the additives maker Chemtura for $ 2.5 billion in September 2016

Ineos acquires Arkema's oxo alcohol business

It will buy Arkema's 50% stake in their JV Oxochimie, which has a facility at Lavera (France)

AkzoNobel to commercialise bio-based polymers in alliance with Itaconix

Itaconix will contribute with a technology to turn itaconic acid (obtained from sugars) into polymer

Gail, HPCL ink MoU for Rs 40,000 cr petrochemicals complex in AP

The new plant will have a capacity to produce 1.5-million tonnes of ethylene derivatives

Germany's BASF forays into Indian crop protection market for rice

It has launched a range of solutions to boost rice yields by managing diseases, weeds and pests

Praxair inks hydrogen supply pact with Marathon Petroleum

The hydrogen will be supplied through Praxair's extensive Southeast Louisiana pipeline network

Asian Paints to invest Rs 650 cr for capacity expansion at Ankaleshwar site

It will raise production of paints and synthetic resins & emulsions at the site

Mitsubishi Rayon buys US carbon fibre plant from Germany's SGL

Deal will strengthen MRC's position in composites, especially for application in wind turbine blades

Prince Pipes chairman Jayant Chheda raises stake in Vikas Ecotech

He has invested Rs 34 cr in the company that supplies lead-free additives for plastics industry

Reliance & Russia's Sibur to set up halogenated butyl rubber unit in India

The unit, located in Gujarat, will meet the growing demand for product from tyre & pharma industries

Bayer-Monsanto merger will be a winner: Study

The $66 bn deal will create the only player with dominant positions in agrichemicals & seeds

Chemical logistics firm Bertschi to build second facility in Singapore

It will invest S$ 35 mn in second facility, bringing its total investment in Singapore to S$ 80 mn

Hikal sells R&D property in Bengaluru

The land was lying vacant after Hikal consolidated its R&D operations in Pune in 2014

Sudarshan Chemical commissions cogen power plant at Roha site

The plant will make the company more competitive by reducing the electricity generation cost by 50%

Altana acquires Solvay's formulated resins business

With this, Altana strengthens its position in electrical insulation & expands business in America

L&T Hydrocarbon led consortium bags two contracts from Saudi Aramco

The LTHE-EMAS Chiyoda consortium has won the EPCI contracts for various offshore fields