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10:10 AM, 22nd May 2017
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GST rates for the chemical industry in India - A quick guide

BANGALORE, INDIA: The Goods and Services Tax (GST) is a critical change that the industry has been waiting for. Even on an international level, the industry is keeping an active watch given its effects on the growth and revenue of companies. Considering the chemical industry the government has kept a large number of items under the 18% tax slab, while those under the nil and 5% category bring a good momentum for the industry. The GST rate schedule for goods is per the discussions in the GST Co ...

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11:29 AM, 13th April 2017
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Chemicals that cure malaria can kill weeds too

CRAWLEY, AUSTRALIA: Plant biologists at The University of Western Australia (UWA) have revealed the relationship between plants and the parasite that causes malaria is close enough to mean many antimalarial drugs are effective herbicides. The work offers a new take on an evolutionary connection made in the 1990s when herbicides were shown to interfere with processes in the malarial parasite. The research, published in Scientific Reports, shows that the extensive knowledge of antimalarial drug ...

11:55 AM, 12th April 2017
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Songwon opens new technology innovation centre in South Korea

ULSAN, SOUTH KOREA: Songwon Industrial Co Ltd said that it has officially opened a new technology innovation centre in Korea. In line with the company’s aim to strengthen its position on the global speciality chemicals playing field, the company said that the new centre is a major milestone for the organisation. Not only will it support innovation, it will enable Songwon to take another key step forward in entering new business areas with high value and sophisticated technology. Located ...

11:14 AM, 12th April 2017
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Total, Hanwha JV invests $450 mn to expand Daesan complex

PARIS, FRANCE: Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha Group and Total SA, said that it will invest $450 million to expand its Daesan (South Korea) refining & petrochemicals integrated platform. The planned investment will increase the site’s ethylene capacity by 30 percent to 1.4 million tonnes per year. Daesan is one of Total’s six world-class integrated platforms and a strategic asset for Hanwha. This site which is comprised of a highly flexible con ...

11:26 AM, 11th April 2017
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Mitsui Chemicals starts up electrolyte solution facilities in Japan

TOKYO, JAPAN: Mitsui Chemicals Inc announced the startup of its electrolyte solution production facilities, which have been built at Nagoya Works to accommodate growing domestic demand for the lithium-ion battery use electrolyte solution. Demand for lithium-ion batteries has expanded in line with the growth of laptop, smartphone, and tablet device markets. In the future, eco-friendly hybrid and electric vehicles are expected to become widespread in East Asia including China, and in Japan as wel ...

9:11 AM, 10th April 2017
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ChemChina, Syngenta’s $43 billion deal gets EU clearance

BEIJING, CHINA/ BASEL, SWITZERLAND: China National Chemical Corporation (ChemChina) said that it has received approval/ clearance from the European Commission for its planned acquisition of $43 billion takeover of Swiss pesticides and seeds group Syngenta AG. This represents a major step towards the closing of the transaction, which is expected to take place in the second quarter of 2017. The ChemChina-Syngenta transaction will ensure continued choice and ongoing innovation for growers in Euro ...

11:12 AM, 7th April 2017
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BASF to sell its bleaching clay, mineral adsorbents businesses

ISELIN/ RENO, US: BASF said that it has signed an agreement to sell its bleaching clay and mineral adsorbents businesses to EP Minerals, a worldwide leader in industrial minerals. The transaction is expected to close in the third quarter of 2017. The bleaching clay and mineral adsorbents businesses are currently part of the process catalysts business unit of BASF’s global catalysts division. The selling includes a production site and a clay mine in Mississippi (US), and the mineral right ...

10:32 AM, 6th April 2017
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Covestro provides sustainable homes to poor in India

THANE, INDIA: Covestro gave over the key of the first homes made using its eco-sensitive technology to the disadvantaged families in New Delhi, India. This is a part of its endeavour to promote sustainable living in the country. This technology from Covestro complements Indian Governments future plan towards affordable housing. The government has assigned infrastructure status to affordable housing projects and has committed to facilitate higher investments in this concern so as to meet its ob ...

7:14 AM, 5th April 2017
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Shell sells its LPG business in Hong Kong, Macau for $150 mn

HONG KONG, CHINA: Shell announced the conditional sale of its liquefied petroleum gas (LPG) business in Hong Kong and Macau, China to DCC Energy for a total value of $150.3 million. Hong Kong and Macau remain important markets for Shell and this sale does not have any impact on the company’s other businesses. As part of the sale, Shell will be entering into a long-term brand license agreement with DCC Energy that will ensure the Shell brand remains visible across the LPG business in Hong ...

7:18 AM, 3rd April 2017
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JBF Petrochemicals commissions PTA plant in Mangalore, India

MANGALORE, INDIA: JBF Industries Ltd announced that its step subsidiary, JBF Petrochemicals Ltd has commissioned its purified terephthalic acid (PTA) plant at Mangalore SEZ, Karnataka. Production of PTA is a backward integration for JBF Industries Limited and its subsidiaries abroad. The plant, with a capacity of 1.25 million tonnes per annum, uses British Petroleum's (BP's) BP technology, known to be the most cost effective and highly environment friendly, company said. This is the world's la ...

6:34 AM, 3rd April 2017
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Dow Chemical, Dow Corning combines 2 offices in China

SHANGHAI, CHINA: The Dow Chemical Company became the 100 percent owner of Dow Corning Corporation’s silicones business, on 1 June 2016. Together, the companies will bring complementary leadership in high-growth and attractive end-use applications such as building and construction, consumer care, packaging, transportation, electronics, and energy. To fully secure the growth synergies enabled by the merger, the companies have decided to combine their two offices in Shanghai Zhangjiang, Chin ...

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