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6:27 AM, 9th December 2016
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Global chemical industry stock outlook - Dec 2016

The chemical industry is in the process of gradual healing after being badly shaken by the Great Recession. Aside from a flurry of challenges, the industry put up a decent performance in the first three-quarters of 2016, benefiting from healthy demand across automotive and housing sectors- two major end-use markets for chemicals. In a still-difficult global economic backdrop, chemical makers are gradually looking for cost synergy opportunities and greater operational scale through consolidation ...

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HIGHLIGHTS


8:01 AM, 21st December 2016
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New lactase improves production of lactose-free dairy products

A new enzyme Saphera, by Novozymes, is a lactase enzyme that sets a new standard for production and quality of a wide range of lactose-free products, including milk and fermented dairy products such as yogurt. Originated from Bifidobacteriumbifidum, Saphera differs considerably from traditional lactases made from yeast and is the first, major innovation in this growing industry for years. With Saphera, the desired lactose level can be more precisely measured and easily reached. This is because ...

11:56 AM, 20th December 2016
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Krishna Antioxidants plans to commission new facility; celebrates 25 years

MUMBAI, INDIA: Krishna Antioxidants Pvt Ltd (KAPL), the leading speciality chemicals manufacturer said it has plans to commission its new facility soon. The company has manufacturing facilities in 4 locations and the new facility will be its 5th. The Mumbai, India-based company also celebrates its 25th anniversary this year. To commemorate the occasion, the company has constructed state-of-the-art toilets and has installed clean drinking water facility in Jeevan Beema N ...

10:12 AM, 20th December 2016
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BioAmber, CJ CheilJedang plan succinic acid JV in Asia

MONTREAL, CANADA: BioAmber Inc has signed a non-binding letter of intent with South Korean-based CJ CheilJedang Corporation (CJCJ). Under the terms of the agreement, the companies plan to establish a joint venture (JV) in China to produce up to 36,000 metric tonnes of bio-succinic acid annually and commercialise the output in Asia.  The goal is to competitively produce bio-succinic acid in China and quickly penetrate the world's largest succinic acid market. T ...

7:44 AM, 20th December 2016
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Fluor bags Chevron’s FEED contract in China

IRVING, US: Fluor Corporation has been awarded a front-end engineering and design (FEED) contract by Chevron (China) Chemicals Co LTD (Chevron Oronite). Fluor will perform FEED work for a manufacturing facility in Ningbo, Zhejiang, China. Fluor booked the undisclosed contract value in the fourth quarter of 2016. The project timeline currently calls for blending and shipping activities to begin in 2020. The facility will serve as a blending and shipping operation for fuel and lubricant additive ...

10:24 AM, 19th December 2016
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Prism Surface at Surface & Coating Expo 2016

In a conversation, M K Ganesan, Managing Director, Prism Surface Coating Pvt Ltd, with Shivani Mody from WOC TV speaks about sustainability and challenges in the paint industry. Tell us about your magic painter gun product  For the last 100 years, the paint industry is using compressed air as the force for atomising the paint. When used at 6 bar pressure there’s a wastage of 50-60 percent of paint and only 30 to 40 percent of air goes to the component. So, after 100 years, we hav ...

7:07 AM, 19th December 2016
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Shell sells its Australian aviation business for $250 million

THE HAGUE, NETHERLANDS: Royal Dutch Shell plc has signed an agreement with Viva Energy Australia Pty Ltd (Viva Energy) for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million. Following the sale of Shell’s other downstream activities in the country to Viva Energy in 2014. The Shell brand will remain visible across the aviation refuelling network in the country through a trademark licensing agreement as part of the sale. Viva Energy wil ...

6:06 AM, 19th December 2016
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WAGNER at Surface & Coating Expo 2016

In an interview, Rajendra Mainkar, Business Development Manager-West, WAGNER Industrial Solutions, with Shivani Mody from WOC TV, talks about the coating industry’s challenges, trends and opportunities.   Trends in the surface & coating industry. Wagner is a German company - more than 50-years-old. We started our Indian operations since 2007. Our activities are basically into powder and liquid coatings – including, right from handle guns, upto booths and recovery, as far a ...

5:20 AM, 19th December 2016
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BASF to open first construction chemicals plant in Myanmar

LUDWIGSHAFEN, GERMANY/ YANGON, MYANMAR: BASF said that it is planning to open its first manufacturing plant in Myanmar in 2017. The plant will be located in Myanmar’s commercial capital, Yangon, will be designed to produce tailor-made construction chemical solutions for the local building market from BASF’s master builders solutions portfolio. BASF opened its service office in Yangon in September 2015. Through local Myanmar distributors, BASF has been offering solutions to Myanmar c ...

11:48 AM, 17th December 2016
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ExxonMobil’s outlook forecasts 25 pc increase in energy demand

IRVING, US: The increase in global population growth and economic growth is driving the energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040. The Outlook for Energy is ExxonMobil’s long-range forecast developed by its economists, engineers and scientists through data-driven analysis. It examines energy supply and demand trends for approximately 100 countries, 15 demand sectors and 20 different energy types. Exx ...

5:16 AM, 17th December 2016
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Investments from across the globe-exploring opportunities

By Debarati Das The Department of Chemicals and Petrochemicals of the Union Ministry of Chemicals and Fertilisers and the Federation of Indian Chambers of Commerce and Industry (FICCI) jointly hosted the ninth edition of ‘India Chem 2016 – Exploring Opportunities’ in Mumbai from 1 to 3 September. The three-day event aimed to strengthen the Indian chemical and petrochemical industries and enhance trade between India and foreign partners. Ananth Kumar, the Union Minister for Ch ...

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