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7:54 AM, 21st February 2015
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Sabic collaborates with Indian institutes for research

NEW DELHI, INDIA: Saudi Arabia’s petrochemicals major Saudi Basic Industries Corporation (Sabic) has formed a strategic alliance with two of India’s premier government institutions, the Central Institute of Plastics Engineering and Technology (CIPET) and the Council of Scientific and Industrial Research (CSIR) for research and development in the field of chemicals and plastics. Sabic’s Master Umbrella Advisor Programme Agreement with CIPET will leverage its expertise and state ...

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11:33 AM, 8th January 2015
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Mitsubishi Plastics, Mitsubishi Rayon to enhance carbon fiber business

TOKYO, JAPAN: Mitsubishi Plastics, Inc and Mitsubishi Rayon Co Ltd have agreed to integrate the Pitch-based carbon fiber business of Mitsubishi Plastics and the polyacrylonitrile (PAN)-based carbon fiber business of Mitsubishi Rayon with the purpose of enhancing the carbon fiber & composite materials business. Mitsubishi Rayon will succeed Mitsubishi Plastics’ Pitch-based carbon fiber business through a company split and launch new organization, in which the Pitch-based carbon fiber bu ...

11:43 AM, 5th January 2015
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SRF acquires pharmaceutical propellant business of DuPont

NEW DELHI, INDIA: SRF Limited has announced the acquisition of Global DuPont Dymel, the pharmaceutical propellant business of American chemical giant DuPont. In an all-cash deal, SRF would pay a consideration of $20 million for DuPont’s Fluorochemicals business, which is part of the performance chemicals segment that DuPont plans to hive off by mid-2015. Under the transaction, DuPont would transfer the ‘Dymel’ brand to SRF as well as the technology and knowhow for setting up i ...

11:32 AM, 5th January 2015
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China searches precious metals in Indian Ocean

BEIJING, CHINA: A Chinese submersible vessel has conducted its first deep dive in the Indian Ocean in search of rare metals. The project involves collecting samples of hydrothermal fluid and sulfide, a kind of seabed deposit containing copper, zinc and precious metals such as gold and silver. The project, which involves exploring the Indian Ocean for 120 days, reflects China’s hunger for resources, and its long-term development plans, said sources. The vessel will also obtain samples of r ...

6:38 AM, 3rd January 2015
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Hyosung to expand spandex production at China

SEOUL, SOUTH KOREA: South Korean textile and industrial materials maker Hyosung Corp will boost spandex production at its China plant, a step that will help reaffirm its position as the world’s No 1 spandex maker. The latest plan will help the company’s China facility in Guangdong Province expand production of spandex yarns by 14.3 per cent to 80,000 tonne per year, according to company officials. With the expansion, the firm’s total production of the elastic synthetic fiber w ...

11:36 AM, 31st December 2014
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ExxonMobil licenses specialty PP compounds production technology to R&P

SINGAPORE: R&P (Pte) Ltd has licensed from ExxonMobil Chemical (EMC) the technology to produce Specialty PP Compounds (TPO) to be marketed under R&P’s brand name, STERLENE for the Asia Pacific region, which includes China, Japan, Korea, India, ASEAN and the OCEANIA countries. The License grants to R&P the right to use the formulations, product designs and previous product codes created under Exxtral grades that were developed and/ or manufactured at R&P, which offers a com ...

9:34 AM, 30th December 2014
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Mitsubishi Gas Chemical to invest in shale gas development in Canada

TOKYO, JAPAN: Mitsubishi Gas Chemical Company, Inc (MGC) has decided to participate in a shale gas development and production project in British Columbia, Canada and a planned LNG project on the western coast of the same province, both of which are undertaken by Petroliam Nasional Berhad (Petronas). MGC has also decided to invest in JAPEX Montney Ltd (JML), which is a subsidiary of Japan Petroleum Exploration (JAPEX) and owns a 10 per cent interest of this project, through a newly established C ...

7:20 AM, 26th December 2014
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Reliance, Mitsui OSK JV for liquefied ethane transportation from North America to India

MUMBAI, INDIA: Reliance Industries Ltd (RIL) has signed agreements with Mitsui OSK Lines Ltd (MOL), one of the world’s largest and reputed shipping companies, to handle transportation of liquefied ethane from North America to India. “MOL will supervise the construction of six Very Large Ethane Carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered,” said RIL in a statement. Over four months back RIL had placed an ...

11:57 AM, 23rd December 2014
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Mitsui, SKC to merge polyurethane material businesses

TOKYO, JAPAN/SEOUL, SOUTH KOREA: Japan’s Mitsui Chemicals and South Korea’s SKC Co Ltd have signed a joint venture agreement to consolidate the polyurethane material businesses of both companies. Mitsui and SKC target to form the 50:50 joint venture company by 1 April 2015 subject to completion of necessary procedures, such as the obtaining of relevant approvals and licenses. The joint venture company, with revenues approximately $1.5 billion in 2015, is headed to be a global compre ...

8:19 AM, 20th December 2014
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New drug for ebola may originate from Bangalore, India

BANGALORE, INDIA: India may well be the place where the drug to fight the killer Ebola virus originates, with two drug candidates discovered in Bangalore among the first 20 to be evaluated in the UK for efficacy against deadly virus. Efforts are on world over, including the UK, to create compounds and molecules that can fight Ebola, but Bangalore’s contribution will make India the only developing nation to have done any serious work. The two novel compounds or drug candidates have been de ...

11:30 AM, 17th December 2014
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Umicore to construct emission control catalysts facility in Thailand

HEMARAJ, THAILAND: Umicore announced the construction of a new facility in Hemaraj, Thailand, for the production of emission control catalysts for light duty vehicles. The investment will allow Umicore to meet the increasing demand for automotive catalysts in the fast growing market in South East Asia. The investment amounts to approximately € 20 million and will initially create 60 new jobs. Construction of the facility will begin in the new year and commissioning is expected in the secon ...

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