INEOS Phenol, a global leader in chemical manufacturing, has officially started operations at its new cumene facility in Marl, Germany. The plant, currently the largest of its kind in Europe, boasts an impressive annual capacity of 750,000 tonnes and a remarkable 50% reduction in CO2 emissions per tonne of product. Pioneering Sustainable Production This significant […]
Chembond Chemicals Limited (CCL), a prominent player in the chemical industry, has announced a comprehensive scheme of arrangement. This reorganization includes the demerger of its construction chemicals and water technologies businesses into Chembond Chemical Specialties Limited (CCSL) and the amalgamation of several other entities. Aim of the Demerger: The Board’s decision aims to create two […]
Ami Organics Limited, a global leader in manufacturing advanced pharmaceutical intermediates and specialty chemicals, has signed a definitive agreement with Fermion, a subsidiary of Orion Corporation, Finland. This agreement marks the addition of two more advanced pharmaceutical intermediates to the company’s manufacturing portfolio for Fermion. The intermediates, to be produced under this agreement, will be […]
Abu Dhabi National Oil Company P.J.S.C. (ADNOC) has announced a significant agreement to acquire OCI Global (Euronext: OCI)’s majority shareholding in Fertiglobe plc for AED 13.28 billion ($3.62 billion). This transaction, which is set to close in 2024, will make ADNOC the majority shareholder in Fertiglobe, a leading player in the global ammonia and nitrogen […]
Azelis (Brussels:AZE), a global leader in the specialty chemicals and food ingredients industry, has reached a definitive agreement to acquire Localpack S.A., a prominent specialty chemical distributor in Colombia. This acquisition marks a significant step in Azelis’ strategic expansion in Latin America, aligning with its regional growth objectives. Localpack S.A.: A Key Player in the […]
In a significant move in the chemical industry, LyondellBasell (LYB) has announced its agreement to sell its Ethylene Oxide & Derivatives (EO&D) business, along with the Bayport, Texas production facility, to INEOS Oxide (INEOS). The all-cash transaction is valued at $700 million, representing a strategic shift for both companies. Peter Vanacker, CEO of LyondellBasell, emphasized […]
Vikas Ecotech Limited has proudly announced receiving orders worth approximately INR 225 Million for its specialty polymer compounds. This substantial order inflow, to be serviced within the next 30-45 days, latest by February 15, 2023, represents a significant boost for the company. Impressive Revenue Contribution and Future Prospects With these orders, Vikas Ecotech is set […]
In a significant development, Anupam Rasayan India Limited has informed stakeholders about the formation of a new wholly-owned subsidiary named “Anupam Japan GK” in Tokyo, Japan. This move marks a pivotal expansion of the company’s global footprint, particularly in the dynamic chemical industry sector. Anupam Rasayan’s Global Expansion The establishment of Anupam Japan GK, registered […]
Epigral Ltd, a leading integrated chemical manufacturer in India, announced the launch of its first research and development centre located in Ahmedabad, Gujarat. This move represents a significant enhancement of the company’s research capabilities and marks a pivotal step in its journey towards developing specialty products. Advanced R&D Centre in Ahmedabad Situated in Changodar, Ahmedabad, […]
IMCD N.V., a global leader in the distribution and formulation of speciality chemicals and ingredients, today announced that its subsidiary, IMCD India, has signed an agreement to acquire two business lines from CJ Shah & Company. These lines include products like Cellulose Acetate Butyrate, Coalescing Agent, Polyolefin Polymers, and other chemicals used primarily in the […]