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8:39 AM, 15th November 2014
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US, China sign climate change deal

BEIJING, CHINA: In a historic climate change deal, US President Barack Obama and Chinese President Xi Jinping announced both countries will curb their greenhouse gas emissions over the next two decades. Under the agreement, the United States would cut its 2005 level of carbon emissions by 26-28 per cent before the year 2025. China would peak its carbon emissions by 2030 and will also aim to get 20 per cent of its energy from zero-carbon emission sources by the same year. “As the world&rsq ...

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11:47 AM, 6th October 2014
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Cipla to build manufacturing unit in Iran

NEW DELHI, INDIA: Drug major Cipla has signed an agreement with its Iranian distributor for setting up a manufacturing unit in that country. “The company has signed a definitive agreement with its existing Iranian distributor for setting up a manufacturing facility in Iran,” said Cipla in a statement. “Total contribution from the Indian company over the next three years will include machinery, equipment, technical know-how and is expected to be around 2.25 billion Indian rupee ...

12:06 PM, 30th September 2014
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Showa Denko to terminate ethyl acetate production in Indonesia

TOKYO, JAPAN: Showa Denko has decided to dissolve its consolidated subsidiary PT Showa Esterindo Indonesia (SEI) and terminate its production of ethyl acetate in Indonesia. In recent years, however, the business environment for SEI has become harder than before because of rises in material prices and expansion of the capacities of neighboring countries to supply ethyl acetate. Under these circumstances, SDK and its partners have concluded, after deliberation, that it is difficult to continue SEI ...

11:28 AM, 29th September 2014
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ITRI grants technology license to Mitsui to enhance lithium-ion battery safety

TOKYO, JAPAN: On 16 September 2014, the Industrial Technology Research Institute of Taiwan (ITRI) signed an exclusive license agreement with Taiwan Mitsui Chemicals Inc, a wholly-owned subsidiary of Mitsui Chemicals, Inc, allowing it to manufacture and distribute ITRI’s STOBA, the world’s only technology to prevent hazardous lithium-ion battery (LIB) thermal runaway which can lead to explosions and fires. ITRI, Taiwan’s largest and leading R&D institution, developed this g ...

11:08 AM, 29th September 2014
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Toray completes construction of carbon fiber raw material plant

TOKYO, JAPAN: Toray Carbon Fibers Europe SA, subsidiary of Toray Industries Inc, completed the construction of the new carbon fiber raw material (precursor) plant at Toray’s Lacq plant, France. The completed precursor plant is part of Toray Group’s investment plan announced in March 2012 to expand carbon fiber production capacity at its four global production sites in Japan, US, France and South Korea. The new plant is the third precursor production base at the Group following Japan ...

5:16 AM, 24th September 2014
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India successfully completes Mars Orbiter mission

BANGALORE, INDIA: Indian Space Research Organisation’s (ISRO) Mars Orbiter Insertion is a resounding success, making India the first country to be successful on its maiden Mars mission. Nicknamed ‘Mangalyaan,’ the success of the Mars Orbiter Mission (MOM) will boost India’s five-decade-old space programme. Mangalyaan aims to study Mars’ surface and mineral composition, and scan its atmosphere for methane, a chemical strongly tied to life on Earth. The Mangalyaan Or ...

12:20 PM, 23rd September 2014
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Clariant opens laboratories in Malaysia

SINGAPORE: Clariant, a world leader in specialty chemicals announced the inauguration of its new Malaysian laboratories for Oil Services and Pigments businesses. The new lab facilities are located in Shah Alam, Malaysia and the opening of the lab facilities signifies Clariant’s commitment to providing innovative technologies and products that respond to the needs of customers both locally and regionally. The facility includes state-of-the-art equipment, featuring standard and manual testi ...

11:03 AM, 22nd September 2014
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Rashtriya Chemicals and Fertilizers to set up fertilizer plant in Iran

MUMBAI, INDIA: Rashtriya Chemicals and Fertilizers Ltd (RCF) is scouting for opportunities abroad, including a joint venture to set up fertilizer plant in Iran. With this project, RCF and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) seek to tap cheaper gas offered by Iran to produce the farm nutrient and ship it to India. The project is expected to materialize after sanctions against Iran are lifted. RCF is also exploring possibilities of entering into long-term offtake agreemen ...

10:24 AM, 18th September 2014
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Clariant expands pigments production facility in Roha, India

MUTTENZ, SWITZERLAND: Clariant, a world leader in specialty chemicals, announced the inauguration of an important new extension to its production facility in Roha, south-east of Mumbai, India. The expansion doubles its capacity at the facility for pigments and pigment preparations. This higher output will enable the company to increase its market coverage in India and the neighboring countries of Bangladesh and Sri Lanka, and to provide products better tailored to customer needs. The increase i ...

11:54 AM, 16th September 2014
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Lupin to manufacture Merck Serono’s drugs worth $1.5 billion

MUMBAI, INDIA: Pharmaceutical major Lupin is in advanced talks to sign a deal with Merck Serono. As part of the deal, Lupin will manufacture Merck Serono’s $1.5 billion worth branded mature drugs at its facilities. The company will also get marketing rights for the drugs for emerging countries and European markets. Merck Serono will retain the rights to market these drugs in the developed markets. “The branded drugs segment with sales close to $1.5 billion will have an EBITDA close ...

7:23 AM, 15th September 2014
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Sabic signs research agreement with Chinese Academy of Sciences

BEIJING, CHINA: To propel the progress of science and technology in China, Sabic and the Chinese Academy of Sciences (CAS), a public research and education institution in China, signed a landmark strategic collaboration agreement to further research, intellectual exchange and talent development. The five-year agreement with a multi-million US dollar investment by Sabic, will cover joint research in the chemical and chemical engineering fields to develop advanced technologies and solutions, allow ...

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