ExxonMobil Chemical Company has agreed to sell its global Santoprene TPV elastomers business to Celanese Corporation, a Texas-based chemicals and specialty materials company, for $1.15 billion. The Santoprene business produces TPV, which caters to a range of end-uses that include automotive, appliance, medical, construction, and industrial. A chemically cross-linked, high-performance material, TPV makes use of […]
Reliance Industries Limited has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for developing a chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi. The agreement is said to tap into the increasing demand for the critical industrial raw materials and utilizes the strengths of ADNOC and […]
Shree Renuka Sugars Limited said that its board of directors has sanctioned an INR 450 crore capacity expansion of ethanol production from 970 Kilo Litre Per Day (KLPD) to 1,400 KLPD. In an earlier board meeting held in February 2021, it was decided that the company will undertake an expansion project to ramp up its […]
Paradeep Phosphates Limited has secured approval from the Competition Commission of India (CCI) for its previously announced acquisition of the Zuarinagar plant in Goa from Zuari Agro Chemicals. As a result of the transaction, Paradeep Phosphates Limited will acquire the business of developing and manufacturing urea and non-urea fertilizer products, that are currently being undertaken […]
Kemistar Corporation Limited, an Indian chemicals and allied products manufacturer, said that its fully-owned subsidiary K P International has expanded capacity for phase 2 of its chemical plant at Dahej in Bharuch, Gujarat. The expansion has added 1800 MTPA of sulfonated product to the Dahej chemical plant which has a capacity of 1200 MTPA. Kemistar […]
Fineotex Chemical, an Indian speciality chemicals company, has appointed Arindam Choudhuri as its chief executive officer (CEO). Arindam Choudhuri is said to have more than 20 years of deep insight, thought leadership, and huge experience from the global textile chemical industry. The new Fineotex Chemical CEO is claimed to have a reputation for bringing about […]
Rossari Biotech said that its board has sanctioned the acquisition of Unitop Chemicals, a Mumbai-based supplier of surfactants, emulsifiers, and specialty chemicals for INR 421 crores. The chemical manufacturing company said that 65% of the equity share capital of Unitop Chemicals will be acquired following the closing of the deal, while the balance of 35% […]
Epsilyte, a provider of expandable polystyrene resin, has acquired Polysource, a producer of compounded expandable polystyrene (EPS) and molded products used in building insulation, filtration media, and personal safety equipment. The financial terms of the deal were not revealed. Epsilyte is a portfolio company of Balmoral Funds, a California-based private equity fund. David Shainberg of […]
Anupam Rasayan has bagged contracts worth INR 540 crores from two multinational firms engaged in life sciences chemicals. According to the Indian custom synthesis and specialty chemical company, the contracts are for five years under which it will supply life sciences related specialty chemicals. While one of the contracts is from an existing customer, the […]
Zuari Agro Chemicals said that its fertilizer plant in Zuarinagar, Goa was impacted on 16 May 2021 by Cyclone Tauktae and there could be some damages because of it. The agriculture business of the Adventz Group said that it is currently studying the extent of the damage caused by the cyclone, which will be intimated […]