Page 22 - Chemicals

Govt reduces prices of DAP and MOP fertilisers

MRP of diammonium phosphate (DAP) and muriate of potash (MOP) have been reduced by Rs 2500 and Rs 5000 per metric tonne, respectively

Evonik acquires Spanish firm Norel's probiotics business

Acquisition will enable Evonik to consolidate its position in the market of probiotics, which are living microorganisms that have a positive effect on the gastro-enteric system of animals

Altana acquires Dutch polymer additive maker Addcomp

Acquisition strategically expands Altana's BYK division in the area of polymer additive solutions

Jubilant Industries to stop production at SSP plant in Rajasthan

The company has cited unfavourable market conditions as the reasons for temporarily shutting down the single super phosphate (SSP) production from its Kapasan facility

Boiler blast at RCF's Mumbai plant kills three

The blast occurred in a boiler, which had been shut down for inspection and maintenance

Arrow Greentech receives Australian patent for water soluble film

The patent, granted for process of manufacturing water soluble film (WSF) system with embedded/entrapped actives, has wide applications in pharma and agrochemicals industries

Pioneer Distilleries plans to restart alcohol plant in Maharashtra by Jan 2017

The molasses-based extra neutral alcohol (MENA) plant with revenue of about Rs 50.28 crore constituted 35 percent of turnover of Pioneer Distilleries during FY 2015-16

Kilburn Engineering bags Rs 27 cr orders for process equipment

It has bagged two orders - worth Rs 25 crores - for exports of fluid bed dryer for PVC and annuli riser skids for onshore shale gas exploration

Black Rose receives environment clearance to expand acrylamide plant

The company will expand acrylamide capacity at its Jhagadia (Gujarat) plant from 10,000 MT to 20,000 MT per year

Consortium of Chinese-Malaysian-Indian firms to build fertiliser plant in AP

China Huanqin Contracting, LEPL Ventures and Isomeric Holdings (Malaysia) have signed an agreement to set up the Rs 10,183 cr gas-based fertiliser plant

Mitsui Chemicals to expand premium high performance nonwoven facilities

The augmentation of Sunrex facilities, when completed in November 2017, will bring Mitsui Chemicals global production capacity to 115,000 tonnes per annum

Evonik buys US-based biotech firm Transferra Nanosciences

Acquisition will expand portfolio of Evonik's healthcare business line with liposomal formulation technologies for parenteral drugs

Vikas EcoTech starts work on PVC stabiliser plant in Dahej

To be built with Rs 30 crore investment, the facility will house an innovation center and manufacturing plant for organotin stabilisers and specialty polymer compounds

Somani Group eyes to buy stake in German specialty chemicals maker SKW

The group has submitted a non-binding letter-of-intent to become a shareholder in SKW Stahl-Metallurgi, which is presently planning for a financial restructuring

Indian Potash to procure 7 lakh tonne potash from Belarus

Belarusian Potash will start the shipment of the product at $ 227 per tonne on a cost and freight (CFR) basis from July 1, 2016

Clariant buys Carboflex's stake to takeover Brazilian consortium

The acquisition will help Clariant's oil and mining services business unit to further expand its offshore offering

Air Liquide sells US assets to Matheson in connection with Airgas acquisition

The company has divested eighteen air separation units; two nitrous oxide facilities; four liquid carbon dioxide facilities; and three Airgas retail packaged welding gas stores in Alaska

Covestro to expand MDI capacity at German site

The production capacity at the Brunsbuttel site will be roughly doubled to a total of approximately 400,000 metric tonnes of MDI (diphenylmethane diisocyanate) per year

GSFC to shutdown ammonia plant for 9 days

During the period, the Urea-I plant will also remain closed, while Urea-II plant will continue to run on low load

Henkel acquires Sun Products for $ 3.6 bn from Vestar Capital Partners

With the acquisition, Henkel will advance to second position in the laundry care market in North America