Company Dynamic

Yara Freeport LLC – the joint venture of Norway’s Yara International and German chemical giant, BASF, has opened its new world-scale ammonia plant in Freeport, Texas, USA. Yara Freeport is owned 68 percent by Yara and 32 percent by BASF.

• Yara
• BASF

Saudi Aramco and France’s Total have signed a memorandum of understanding (MoU) to build a $9-bn petrochemical complex in Jubail, Saudi Arabia.

• France
• Saudi Aramco

The Saudi Methacrylates Company (SAMAC) – a joint venture between Mitsubishi Chemical Corporation (MCC) and SABIC – has announced the completion of pilot operation of production facilities in Al-Jubail, Saudi Arabia for methyl methacrylate monomer...

• SABIC
• MMA
• PMMA

Austrian petrochemical firm, Borea-lis, will study the feasibility to build an ethylene vinyl acetate/advanced polymer asset for speciality applications in China. The company said the study will focus on the location of Dayabay, Huizhou, Guangdong...

• Borea-lis
• Austria

BASF has reviewed its complete personal care portfolio according to the ISO standard criteria and calculating rules, providing manufacturers of cosmetic products guidance and information on the degree of natural origin of the ingredients.

• BASF
• Review
• ISO

Air Products has broken ground at Huntsman’s site in Louisiana (USA) for industrial gases production plant to supply carbon monoxide and hydrogen to Huntsman.

• India
• US
• Huntsman
• Industrial Gases

On the demand side, some large PTA units will be shut down for maintenance in the second quarter in China.

• PX
• Asia

Novartis India has appointed Mr. Milan Paleja as its new President. He will succeed Mr. Jawed Zia, who left the drug maker in March for rival Abbott India. Mr. Paleja, previously President and head of pharmaceuticals for Novartis Indonesia, will also...

• India
• Pharma

Biopharmaceutical firm AstraZeneca has revealed plans to invest $90-mn (around Rs. 590-crore) in India over the next five years. The announcement followed the signing of a bilateral innovation partnership for a sustainable future between Sweden and India.

• AstraZeneca
• Biopharmaceutical

Catalent Pharma Solutions has unveiled plans to invest $5 million in the creation of a new drug development center of excellence (CoE) at its Somerset, NJ facility and headquarters. The investment will see the site focus on preclinical to clinical ...

• Catalent
• Pharma

The Shiv Sena, which is a partner in the state government, vowed that it would not allow the setting up of a mega-refinery in Nanar in Ratnagiri, the go-ahead for which was given by the Union government recently.

• India
• Refinery

Reliance Industries Ltd. (RIL) said the its resolution plan for acquiring Alok Industries in conjunction with JM Financial Asset Reconstruction Company has been rejected by the Committee of Creditors. RIL had bid jointly with JM Financial to acquire...

• RIL
• JM
• Acquisition

The export of oilmeals during the month of March 2018 has dropped by 56% to 75,393 tons compared to 170,496 tons in March 2017, according to provisional figures released by the Solvent Extractors’ Association of India (SEA).

• Export
• Oilmeals

ICE cotton futures market kept down.42 cents per lb and Jul contract closed at 81.44 cents per lb.Cotlook A Index decreased by 0.20cent/lb.

• ICE
• Cotton

Dow Chemical International Pvt. Ltd. (Dow India) recently inaugurated a state-of-the-art application development hub, ‘Dow India Technology Centre’ (DITC) in Navi Mumbai. The centre will host over 70 R&D specialists with capabilities in analytical...

• Dow
• India

The announcement from Saudi Aramco, amongst the leading oil companies of the world, that it will partner with the three Indian public sector units (PSUs) to set up a world-scale refinery-cum-petrochemicals complex in India, is a welcome measure that...

• India
• Refinery

HMG Paints is utilizing its 88 years of experience in the coatings industry to launch a specialist range of decorative coatings, including a new color collection. The new “Essentials” collection follows a string of successes on a number of decorative ...

• HMG
• Coatings

PPG released its 2017 Corporate Sustainability Report, which details the company’s continued progress in strengthening its sustainable operations in 2017 and the launch of new, aggressive sustainability goals it aims to achieve by 2025.

• PPG
• Report

NatureWorks’ board of directors named Richard Altice as the company’s new president and CEO, replacing Marc Verbruggen, who led the company from 2008 until his 2017 retirement.

• People
• NatureWorks

PPG held its annual meeting of shareholders in Pittsburgh, where Chairman and CEO Michael H. McGarry reviewed the company’s continued strategic progress and highlighted its strong financial performance.

• PPG
• 2017
• Reports