8Sulzer, a Swiss company that specializes in fluid technologies, provides solutions for various types of fluids and helps oil companies overcome the challenges posed by erosion and corrosion in water injection pumps. The company has successfully retrofitted 20 pumps in just 45 weeks, contributing to the modernization of equipment in the global oil industry.
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8To expand the business and to minimize greenhouse gas emissions in the transportation sector in the Netherlands, Neste is partnering with Catom for the distribution of Neste MY Renewable Diesel through Catom's subsidiary, OK Oliecentrale, which supplies high-quality fuels to end-users in the Netherlands and has strategic storage and logistical capabilities.
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8The statement made by a senior Bishop of the Syro-Malabar Catholic Church has caused a stir in Kerala politics. The Bishop claimed that if the Centre pledges to raise rubber procurement prices to Rs. 300 per kilogram, it could resolve the BJP's lack of an MP from the southern state.
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8Japanese rubber futures rose for the first time in 11 days, boosted by the government's attempts to promote investor confidence in the face of global monetary tightening and financial instability.
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8Bangladesh's rubber plant production capacity is inadequate and lags behind that of other rubber-producing countries. The Bangladesh Rubber Board (BRB), a newly constituted autonomous agency, has asked Delhi for help in improving the country's rubber sector.
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8Saipem and Garbo, an Italian chemical company, have inked an agreement to promote the worldwide industrialization, development, and international commercialization of new plastic recycling technology. The deal also calls for the industrialization of Italy's first chemical plastic recycling facility.
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8The company plans to assert its battery material patent rights to establish dominance in the global advanced battery market as demand for EVs increases. The company is prepared to take legal action against third-party infringers.
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8Vardhman Special Steel (VSSL), an Indian steel bar manufacturer, has teamed with Toyota's global supply chain to begin large-scale steel manufacturing. This collaboration is projected to enhance output, with further approvals likely in the coming years. As a result, VSSL has earned a reputation as a reliable supplier of high-quality automotive steel.
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8For three consecutive weeks, the prices of HRC (Hot Rolled Coil) in the traders' market have remained stable, thanks to positive global indicators and signals of increased demand in China. The decrease in coking coal prices has contributed to the improvement in spot spreads. Moreover, the Indian export price has gone up, propelled by higher profits in Europe and the UAE, as well as consistent domestic prices.
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8Jindal Worldwide Ltd. is a global textiles company that is noted for being Asia's largest and the world's second-largest fully integrated denim fabric manufacturer. With over three decades of experience, the company is expanding into new, highly profitable markets, starting with electric two-wheelers.
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8Find out the latest information on current trade and investment data between the United Kingdom and Iran. Get a larger compilation document that combines several data sources into a single resource for each trade and investment partner.
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8Under the PLI Program for specialty steel, 27 companies signed 57 MoUs for eight product categories.
Out of 79 applications received from 35 steel-making companies, the ministry chose 67 from 30.
The PLI plan will attract Rs. 30,000 Crores in investment and will add approximately 25 Million Tonnes of specialty steel capacity over the next five years.
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8Steel fabrication has the potential to grow at a CAGR of 6.2 % over the projected period of 2022-2030, with a market value that is anticipated to increase to USD 32.45 billion by 2030.
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8Matix has doubled its production
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8Has the government conducted a study on the harmful effects of banned pesticides on human health and animals in the country where they are still being used despite a global ban? If so, what were the findings, and has the government taken steps to educate farmers about the negative effects of using banned pesticides?
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8Mutares SE & Co. is creating Amaneos SE, a new subsidiary, under which a worldwide tier-1 automotive supplier will be launched. The combined companies will have around 30 production sites and yearly revenues of about 1.2 billion euros.
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8Alpek, of Mexico, has announced that its PET resin production at its Cooper River location in the United States would be shut down indefinitely. The facility, which was built in the 1970s, has an installed capacity of 170,000 tonnes of PET resin and represents 2% of Alpek's total assets.
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8DIC Corp and Idemitsu Kosan are exploring the possibility of producing biomass polystyrene, which has a lower carbon footprint than conventional naphtha made from petroleum. Production will begin at DIC's plant in the second half of 2023.
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8HighChem, the University of Toyama, and Chiyoda Corporation successfully produced p-xylene from CO2 with cooperation from Nippon Steel Engineering, Nippon Steel Company, and Mitsubishi Corporation. The resultant p-xylene may be utilized in resins and chemicals, which benefits the environment by allowing carbon recycling and lowering CO2 emissions.
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8The new machine’s technical features include a new oil management concept, flow splitting for simultaneous movements of hydraulic secondary axes and the extended use of a servo-hydraulic system.
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8Aramco progressed multiple gas projects in 2022. These projects support Aramco’s strategy to invest in additional infrastructure to meet the large and growing domestic demand for low-cost, cleaner energy.
Find out more about these projects.
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8The new Hamaheat conveyor belt from Yokohama Rubber combines medium-heat resistance and flame-retardant properties. This is the second product in the series of flame-retardant belts that combine heat resistance and flame-retardant properties.
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8A new virtual course starts with a very brief introduction to viscoelastic theories and models but then shifts to the explanation of the viscoelastic properties of elastomers and how those properties can be measured. Students will learn about how tire performance can be predicted using dynamic mechanical analysis and how these testing methods can be applied to other non-tire applications as well. This course will also discuss how compounding ingredients such as the polymer, fillers, plasticizers, and cure systems, can each affect the viscoelastic properties of a rubber compound.
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8India's merchandise imports fell to an 18-month low in February, falling for the third month in a row due to the government's attempts to limit non-essential imports. Exports declined 8.8% for the third time in five months, while imports fell 8.2%, resulting in a trade deficit of $17.43 billion.
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8During FY22, Thermax won four large orders each of sizes more than INR 2.5bn. However, in FY23, the company is witnessing large orders drying up with a visible slowdown in domestic refining, petrochemicals, and FGDs.
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