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9:49 AM, 24th May 2016

Bread, burgers, pizzas contain cancer causing chemicals: CSE report

NEW DELHI, INDIA: A new report released by Centre for Science and Environment (CSE), claims that many brands of packaged bread and the bread used in ready to eat fast foods like burgers, pizzas, pavs and buns contain toxic chemicals (potassium bromate/potassium iodate) which could probably lead to thyroid disorders and cancer. Pollution Monitoring Laboratory (PML), a non-profit organisation of CSE said that it tested 38 commonly available branded varieties of pre-packaged bread, pav and buns, a ...



10:25 AM, 21st April 2016

Showa Denko appoints Azelis as cosmetic products distributor in Europe

TOKYO, JAPAN: Showa Denko KK (SDK) said it has appointed Azelis to market SDK’s cosmetic raw materials in Europe, effective 1 April. The exclusive distributorship agreement enables Azelis to market SDK’s vitamin derivatives (APM, APPRÉCIER, TPNa), a slimming agent (Hi-Carnitine) and hair care products (DL-Cysteine, SPIERA) in Europe. “We are excited about the opportunities these high quality ingredients offer to our personal care partners and look forward to working cl ...

9:27 AM, 21st April 2016

DSM launches new polyamide to cut frictional torque in auto engines

SINGAPORE: Royal DSM has launched an innovative new high performance material based on Stanyl polyamide 46. This new material, Stanyl HGR1, reduces frictional torque in automobile engine timing systems and will provide OEMs with a very cost-effective tool for reducing fuel consumption. Automobile makers are constantly trying to improve the torque they can obtain from their engines, so that they can reduce engine capacity - and hence fuel consumption - without loss of mechanical performance. (To ...

7:39 AM, 21st April 2016

BASF to acquire auto refinish coatings assets of Guangdong Yinfan

LUDWIGSHAFEN, GERMANY / HONG KONG, CHINA: BASF SE said it will acquire assets of Guangdong Yinfan Chemistry Co Ltd (Yinfan) in China, to establish a stronger coatings production footprint by gaining access to an automotive refinish coatings plant. It will also enable BASF to broaden its automotive refinish portfolio in Asia Pacific by adding the Yinfan line of products to its global brands including Glasurit, R-M, baslac and Norbin. The closing of the transaction is expected in the second half ...

6:56 AM, 21st April 2016

MMTC inks potash supply pact with Canada’s Encanto

NEW DELHI, INDIA: Metals and Minerals Trading Company of India (MMTC), under the ministry of commerce said it has agreed with Canada’s Encanto Potash Corp for supply of potash. As per an earlier outlined base terms to a long term off-take agreement, Encanto confirms that the MoU is now expanded for an annual supply of a minimum of 2,000,000 metric tonne of potash (approximately $600 million at current prices) from Encanto’s Muskowekwan project, located in Saskatchewan. The MoU also ...

6:16 AM, 18th April 2016

JBF Petrochemicals inks paraxylene supply agreement with ONGC arm

MUMBAI, INDIA: JBF Petrochemicals Ltd, a step-down subsidiary of JBF Industries Ltd, has entered into a long-term agreement with ONGC Mangalore Petrochemicals Ltd (OMPL) for supply of paraxylene, the main raw material for production of purified terephthalic acid (PTA). JBF Petrochemicals Ltd is in the process of commissioning a 1.25 million tonne per annum PTA plant, using technology from BP, at Mangalore SEZ, Karnataka. Paraxylene will be supplied by OMPL to JBF Petrochemicals Ltd, through a d ...

9:59 AM, 16th April 2016

India proposes to invest $20 bn in petrochemical & fertilizer sectors in Iran

NEW DELHI, INDIA: India has made a proposal of $20 billion investment in Iran’s petrochemical & fertilizer sectors to broaden its engagement with the world’s second largest gas producer. The suggestion was made by the Dharmendra Pradhan, minister of state for petroleum and natural gas, during his recent visit to Iran. Pradhan conveyed to the Iranian side that Indian companies could invest upto $20 billion and were interested in setting up petrochemical and fertilizer plants, inc ...

11:43 AM, 15th April 2016

Mitsui Chemicals to expand nonwoven capacity in Japan

TOKYO, JAPAN: Mitsui Chemicals Inc said that it will build a new production facility for high-performance nonwoven fabrics, which are used mainly in premium diapers. The facility is built in the company’s production site at Nagoya, Japan. The new facility is expected to be completed in November 2017. Within our mid-term business plan we are positioning our healthcare business as one of our targeted business domains that drive growth, in addition to mobility, food & packaging domains. ...

9:27 AM, 15th April 2016

Total, Korea Gas Corp to cooperate in LNG trading

PERTH, AUSTRALIA: Total SA said it has signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS), to reinforce mutual cooperation to explore opportunities throughout the LNG value chain. The main purpose of the agreement is to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries and to cooperate in LNG trading and terminal optimization. “We are delighted to extend our long-standing cooperation with KOGAS, the world ...

7:50 AM, 12th April 2016

L&T Hydrocarbon bags petroleum firm’s two EPC contracts in Oman

MUMBAI, INDIA: L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Ltd (L&T), has bagged two contracts valued approximately $370 million from Petroleum Development Oman LLC (PDO). These projects are being implemented to overcome pressure depletion and maintain potential in order to sustain production. As per the new contract, LTHE will be responsible for engineering, procurement & construction (EPC) of Saih Nihaydah Depletion Compression Phase 2 (SN ...

10:30 AM, 5th April 2016

Indorama Ventures acquires BP’s Alabama petrochem complex

BANGKOK, THAILAND: Indorama Ventures Public Company Limited (IVL) has acquired the PX, PTA (1,020,000 tonne) and NDC (naphthalene dicarboxylate) assets of BP Amoco Chemical Company (BP) at Decatur, Alabama. The acquisition of the Decatur Paraxylene, PTA and NDC assets coincide with USITC affirmative vote to apply anti subsidy & anti-dumping duties PET resin imports from China, Canada, India and Oman. These trade actions will help improve the supply chain economics and operating rates. This ...

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