Page 46 - Plastics & Polymers
Indian Oil dispatches first consignment from Paradip Refinery
IOC, which expects to operationalise the entire refinery complex in the near future, is also planning to set up ethanol making plant in collaboration with the US-based Celanese
 "Indian Oil dispatches first consignment from Paradip Refinery")
Arkema plans Euro 100 mn annual investment to fight climate change
The company, alongside 38 other French firms, has confirmed its commitment to a low-carbon economy by supporting the climate negotiations at the 21st Conference of the Parties
 "Arkema plans Euro 100 mn annual investment to fight climate change")
Optiemus and Taiwan's Wistron to set up telecom manufacturing facilities in India
Over the next five years, the JV will invest about $ 200 million in infrastructure, technologies and processes, to make telecom products, viz, smart phones, tablets and smart devices
 "Optiemus and Taiwan's Wistron to set up telecom manufacturing facilities in India")
Ashok Leyland bags export contract worth $ 200 mn
As per the contract, awarded by the government of Cote D'Ivoire, the Hinduja Group company will supply 3600 vehicles, which include trucks and buses
 "Ashok Leyland bags export contract worth $ 200 mn")
Govt to create inventory of chemicals in India
CII takes first step towards the national chemicals inventory by launching ChemStreet and ChemSource, which aim to be a repository of information on chemicals in the country
 "Govt to create inventory of chemicals in India")
CB&I-CTCI JV receives $ 2.8 bn EPC contract from Orpic for cracker project
As the contract, awarded by Oman's Orpic, two companies will provide engineering, procurement and construction for cracker Package 1
 "CB&I-CTCI JV receives $ 2.8 bn EPC contract from Orpic for cracker project")
LyondellBasell to set up world's largest PO & TBA plant in USA
Annual production capacities are anticipated to be one billion pounds of propylene oxide and two billion pounds of tertiary butyl alcohol at the Houston site in USA
Italy's Marangoni forms JV with GRP for tyre retreading
Two companies aim to tap the retreading market, which offers a huge opportunity with rising use of radial tyres in India
 "Italy's Marangoni forms JV with GRP for tyre retreading")
Godavari Biorefineries opens chemical intermediates plant in Maharashtra
The company, which focuses on using renewable resources for making chemicals, has opened a MPO (3 methyl 3 penten 2 one) plant with 4,000 tpa capacity at Sakarwadi (Maharashtra)
 "Godavari Biorefineries opens chemical intermediates plant in Maharashtra")
Novo Nordisk to use renewable energy at all global production plants by 2020
Switching to renewable electricity makes sense from both a climate and a cost perspective, says the company
 "Novo Nordisk to use renewable energy at all global production plants by 2020")
Road network expansion to propel demand for bitumen in India
India's bitumen consumption will outpace production in the coming years as demand is expected to accelerate, says experts at Asian Bitumen conference
 "Road network expansion to propel demand for bitumen in India")
Chemical production grew 0.3% in Jan-Aug 2015 in Europe: Cefic
While producer prices fell 4.5 percent year-on-year, sales were down three percent during January-July 2015 compared to the same period of 2014
Dow Chemical buys Chemours' aniline facility in Texas for $140 mn
Agreement is another step in Chemours' five-point transformation plan
Clariant begins work on production facility at Java in Indonesia
The company is setting up a multi-purpose facility in East Java, the upcoming chemical industry hub in Indonesia
 "Clariant begins work on production facility at Java in Indonesia")
Global rare earths market to reach $ 4.5 bn in 2019
India to emerge as one of the key markets with rise in domestic production of motor vehicles & metal alloys, and catalytic cracking capacity, says Freedonia Group's new report
 "Global rare earths market to reach $ 4.5 bn in 2019")
STEER develops technology to make jute-filled polypropylene compounds
The company claims jute polymers can be used in automobile parts, construction materials and cooking containers, thus giving a boost to Indian jute industry
 "STEER develops technology to make jute-filled polypropylene compounds")
Virginia Governor visits Uflex's India office
Invites flexible packaging company Uflex, which already has operations in Kentucky, to set up business in Virginia (USA)
 "Virginia Governor visits Uflex's India office")
BASF inaugurates toluene diisocyanate plant in Germany
Built with an investment of over Euro 1 billion, the plant will produce 300,000 metric tonnes per annum of TDI, a core component for polyurethanes
 "BASF inaugurates toluene diisocyanate plant in Germany")
France's Air Liquide buys US-based Airgas for $13.4 bn
Integration of these two businesses will led to creation of the largest industrial gases company in the world
 "France's Air Liquide buys US-based Airgas for $13.4 bn")
Alstom bags Euro 3 bn contract from Indian Railways to supply 800 locomotives
The company will also set-up a plant at Madhepura (Bihar) and two maintenance depots at Saharanpur (Uttar Pradesh) and Nagpur (Maharashtra)
 "Alstom bags Euro 3 bn contract from Indian Railways to supply 800 locomotives")
