News & Bulletin Updates

8Eastman has joined 4evergreen, a cross-industry alliance that focuses on the circularity of fiber-based packaging to contribute to a climate-neutral, sustainable society
8The goal of the alliance is to raise the overall recycling rate of fiber-based packaging to 90% by 2030

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8Saudi giant SABIC has adapted the Circular Carbon Economy Framework as a key enabler to achieve carbon-neutrality ambitions
8Meanwhile the Saudi research agency KAPSARC has come out with a detailed research paper on the circular economy

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Mar 29, 2022: Requirement coming up

8A requirement has come up for Multilayer Paper Bags for packing caprolactam flakes

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Cosmo Speciality Chemicals, a 100% subsidiary of Cosmo Films Ltd., has launched two new eco-friendly polyester dyeing agents - POLYST PB and POLYST PLD-aiding in better results for polyester dyeing.
8It has also launched a range of organic complexing agents, Sequest SA and Sequest DM, with excellent chelation properties

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8Toyobo Co., Ltd. and Mitsubishi Corporation  are setting up a JV for functional materials

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Wheel Packaging makes printed and non-printed LDPE/LLDPE/HDPE rolls and bags.
8It looks like the company continues to remain constrained on account of its moderate scale of operations and profitability, moderate capital structure and debt coverage indicators along with stretched liquidity

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Somi Conveyor Beltings Ltd is engaged in the manufacturing of rubber and steel cord conveyor belts.
8Is the company doing well?

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Aron Pipes Pvt Ltd is a PVC pipe maker.
8The company has been able to show results despite challenges

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8KBR had worked with Mura to provide the game-changing Hydro-PRTSM plastics recycling technology.
8The relationship is now one year old
8Meanwhile, the company has also secured a contract from a leading midstream company for a world-scale olefins production facility to be built on the U.S. Gulf Coast

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8At least one Chinese propane dehydrogenation, or PDH, plant is suspending operations as the sector struggles with processing losses amid escalating LPG feedstock costs, while others continue with propane imports to keep production going, trade sources said

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8The Intercontinental Exchange, or ICE, has launched a CFR Taiwan/China paraxylene futures contract based on the Platts CFR Taiwan/China benchmark assessment, on March 28

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8Headquartered in The Hague, Netherlands, Arlanxeo's core business is the development, manufacturing and marketing of high-performance synthetic rubber

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Mar 29, 2022: Synthomer: Know more

Synthomer is a global speciality chemicals company.
8And it has a lot to offer
Know more about the company

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8Speciality chemicals used in the construction industry is likely to see massive growth as developing countries industrialize and grow

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8Indorama India Pvt Ltd was incorporated in September 2017 to acquire the Tata Chemicals’ phosphate fertiliser plant at Haldia (West Bengal). The Haldia plant has a capacity to produce 841,500 MTPA of NPK (660,000 MTPA of DAP equivalent) and 198,000 MTPA of single super phosphate (SSP). The plant also has the facility to produce 750 TPD of sulphuric acid
8The company acquired the plant and TCL’s Paras brand on a slump-sale basis, with the effective date of acquisition being June 1, 2018. In addition to the fertiliser business, the spandex yarn manufacturing business of the Indorama Group has been demerged from another Group entity into IIPL, with effect from October 1, 2019
8The company seems to be going from strength to strength

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8Deepak Nitrite Limited (DNL), and its subsidiary Deepak Phenolics Limited (DPL) have had their rating reaffirmed as "AA-Stable"
8What are the factors behind such high ratings?

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Global life-cycle greenhouse gas (GHG) emissions from plastics, for example, is estimated to be  around 1.7 Gt CO2e yr-1, which is substantially larger than the GHG emissions from global aviation.
8This analysis also indicates that there still is a paucity of reliable data and tools for conducting life cycle cost analysis of plastics. In particular, a research effort found that that Asia, the major plastic-producing region, is scarcely covered by existing literature and databases. In addition, the life-cycle impacts of plastic additives, and the degradation pathways and associated environmental, human and ecological impacts of plastics are poorly understood, limiting our ability to gauge the life-cycle impacts of plastics

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8ExxonMobil 's linear alpha olefins (LAO) production unit progresses toward commercial start up in mid-2023

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8Chinese petrochemical companies are massive organizations
8And nothing embodies the spirit of largeness more than Sinopec Sanghai Petrochemical Company Ltd
Know more on how the company now talks the language of change

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Pix Transmission Limited (PTL) manufactures mechanical power transmission products like rubber V-belts, cut-edge belts, ribbed belts, synchronous belts, timing belts, etc.
8Clearly, by all indications, the company is doing well

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8The SI group is a global performance additives and intermediates giant and it has indicated that it will increase prices for all products sold into the plastics industry by 25% depending on the product line and region, effective April 1, or as contracts allow

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Umasree Texplast Private Limited is into manufacturing of polypropylene (PP) based packaging materials with its manufacturing facilities located in Gandhinagar, Gujarat with total installed capacity of 8400 MT/annum.
8It has a diversified customer base and it seems to be doing well

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Seya Industries Ltd produces benzene based organic chemicals, viz., mono chloro benzene (MCB), para nitro chloro benzene (PNCB), ortho nitro chloro benzene (ONCB), 3,3 di chlorobenzidine (3,3 DCB), 2,4 di nitro chloro benzene (2,4 DNCB) and para nitro aniline (PNA) and by-products like sulphuric and hydrochloric acid.
8But is the company in some sort of trouble?

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Kutch Chemical Industries Ltd  manufactures Benzene derivatives such as mono chloro benzene (MCB), ortho dichloro benzene (ODCB), para dichloro benzene (PDCB) etc., dye intermediates (Vinyl Sulphone) and Sulphur based chemicals.
8The company's combined total operating income (TOI) of more than Rs.5000 crore and PBILDT margin of over 28% on a sustained basis is really commendable

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Panoli Intermediates (India) Pvt Ltd produces a wide range of specialty chemicals viz. Benzene derivatives such as Mono Chloro Benzene (MCB), Para Nitro Chloro Benzene (PNCB), Ortho Nitro Chloro Benzene (ONCB) etc., dye intermediates (Vinyl
Sulphone, H-Acid) and other inorganic chemicals.
8It has got a ratings upgrade. Clearly, the company seems to have done very well indeed

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