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5:02 AM, 30th April 2016

AkzoNobel, Atul JV for world-scale monochloroacetic acid plant in India

AMSTERDAM, NETHERLANDS/ VALSAD, INDIA: AkzoNobel NV and Atul Limited have signed a letter of intent to explore the feasibility of setting up a manufacturing joint venture (JV) in India, for the production of monochloroacetic acid (MCA), a key raw material used in crop protection chemicals and other chemicals. The two companies plan to install a world scale MCA plant at Atul's facility in Gujarat, India. This transaction builds on Atul’s status as a leading supplier of crop protection chem ...



7:44 AM, 25th March 2016

Carbon leads the way in clean energy

QUEENSLAND, AUSTRALIA: Groundbreaking research at Griffith University is leading the way in clean energy, with the use of carbon as a way to deliver energy using hydrogen. Professor Xiangdong Yao and his team from Griffith’s Queensland Micro- and Nanotechnology Centre have successfully managed to use the element to produce hydrogen from water as a replacement for the much more costly platinum. “Hydrogen production through an electrochemical process is at the heart of key renew ...

7:00 AM, 25th March 2016

IOCL, OIL & BPRL acquire 29 pc stake in Rosneft’s refinery in Russia

NEW DELHI, INDIA: An Indian consortium – comprising of Indian Oil Corporation Limited (IOCL), Oil India Limited (OIL) and Bharat PetroResources Limited (BPRL) have agreed to acquire 29.9 percent stake in Tyngd from LLC RN Upstream, a wholly-owned subsidiary of Rosneft Oil Company, Russia’s national oil company. The acquisition is expected to close by September 2016. Rosneft Oil Company holds 80 percent shares while BP Plc (UK) holds 20 percent shares in Tyngd through their respecti ...

10:21 AM, 18th March 2016

Lanxess supports the cause of education through Teach for India

THANE, INDIA: Lanxess India Pvt Ltd, a subsidiary of Lanxess AG, is continuing its association with Teach For India (TFI) as a part of its pledged five year commitment to support the not-for-profit organization’s efforts towards providing quality education to children. The company has committed a sum of €75,000 (approx Indian Rupees 53 lakhs) per year for projects in India for the period 2014 - 2018. Dr Jacques Perez, managing director and country representative, Lanxess India Pvt Lt ...

10:38 AM, 10th March 2016

Truck carrying hazardous chemical topples, spillage creates scare

BENGALURU, INDIA: A tanker transporting a poisonous chemical, Thionyl Chloride, toppled on the vital NICE peripheral ring road close to Kengeri (a satellite town in Bengaluru), India leading to a 22-hour-long scare. The liquid chemical flowed by the roadside for more than 200 metres, necessitating the deployment of the National Disaster Response Force (NDRF). The leak was plugged and the chemical spill neutralized after a 20-hour-long operation, but not before hours-long traffic jam resulted in ...

7:16 AM, 9th March 2016

Dorf Ketal enters US upstream market, acquires Flowchem

MUMBAI, INDIA: Dorf Ketal Chemicals Pvt Ltd (India) said it has entered the US oil & gas upstream market by acquiring Flow-Chem Technologies LLC (Flowchem), based in Rayne, LA (US). Flowchem is a speciality oilfield chemical provider that operates across Gulf of Mexico and US onshore market with blending facilities located at Rayne (Louisiana) and Pleasanton (Texas) in US and multiple warehouses. “This acquisition continues the journey of this vision. It provides a ready conduit thro ...

11:46 AM, 5th March 2016

New way to control chemical reactions

CANBERRA, AUSTRALIA: Scientists have harnessed static electricity to control chemical reactions for the first time, in a breakthrough that could bring cleaner industry and cheaper nanotechnology. The team used an electric field as a catalyst for a common reaction, the Diels-Alder reaction, improving its reaction rate by a factor of five. The research is published in the journal Nature. Lead researcher professor Michelle Coote from Australian National University (ANU) Research School of Chemis ...

6:53 AM, 5th March 2016

Plastiblends plans masterbatches plant in West Bengal, India

MUMBAI, INDIA: Plastiblends India Ltd, a part of Kolsite Group of Companies and a manufacturer of masterbatches said that it is planning to set a manufacturing plant near Kolkata, West Bengal, India, to meet the growing demand of masterbatches - a key ingredient used in plastics - in the region. “In view of market potential and demand, the company has plans to further increase the manufacturing capacity and has acquired land near Kolkata, West Bengal to setup new manufacturing unit. The e ...

5:50 AM, 2nd March 2016

Asahi Glass, Japan Material collaborate to produce bio-organic acids

TOKYO, JAPAN: Asahi Glass Co Ltd (AGC) said that in collaboration with Japan Material Technologies Corporation (JMTC), it has established a new company named JMTC Enzyme Co Ltd, which aims to commercialize biochemical technologies that produce organic acids, such as lactic acid, from biomass. JMTC will own 92 percent of the total shares of the new company whereas AGC will own 8 percent. It will be headquartered in Chuo-ku, Tokyo, Japan. The new company will commercialize the technologies at a ...

5:44 AM, 2nd March 2016

India’s oil demand to be 9.8 mn barrels/day by 2040 - estimates

MUMBAI, INDIA: Dharmendra Pradhan, the minister of state (Independent charge) for petroleum & natural gas said that he has informed the Rajya Sabha in a written reply that according to World Energy Outlook-2015, a recent release of International Energy Agency, India’s oil demand is estimated to grow by 6 million barrels per day (mb/d), which is the largest projected for any country’s oil demand, from 3.8 mb/d in 2014 to 9.8 mb/d by 2040. According to this report, it has been st ...

5:10 AM, 1st March 2016

Indorama, Dhunseri joint venture for PET resins in India

BANGKOK, THAILAND: Indorama Ventures Public Company Limited (IVL) in Thailand said that it will form an equal joint venture with Dhunseri Petrochem Ltd (Dhunseri) in India, to manufacture and sell polyethylene terephthalate (PET) resins for Indian domestic markets and exports. Dhunseri will purchase a 50 percent stake in the 216,000 tonne Micro Polypet Pvt Ltd (MicroPet), a company owned by Indorama Ventures in the North Indian State, Haryana. IVL in turn will acquire a 50 percent stake in a ca ...

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