Contribution By Paroma Bhattacharya
January 13, 2019
A leading thermal packaging company TemperPack recently raised $22.5M in Series B investment round headed by Revolution Growth. In a growing effort to expand its business, TemperPack, a thermal packaging industry major based in Richmond, USA, has reportedly secured as much as USD 22.5 million …
BASF picks southern Chinese port to set up $10B petrochemicals complex
January 11, 2019
BASF stated that the $10 billion would be invested in phases, which includes several plants for consumer-oriented products as well as a steam cracker with a yield of 1 million tons every year. BASF, the German chemicals giant, has recently announced that the company has …
Occidental & Chevron tie up to invest in CE’s CO2 reduction technology
January 10, 2019
Chevron Corp. and Occidental Petroleum Corp. have apparently joined forces in a bid to pour in capital in carbon dioxide elimination technology. As per credible reports, a subsidiary of the latter and Chevron’s venture capital arm have jointly invested in Carbon Engineering for its technology …
Plenham, Axalta ink 3-year deal to aid the collision repair industry
January 7, 2019
Notable coatings giant Axalta, has reportedly declared that it has joined hands with Plenham Ltd. – the parent firm of Bodyshop and IBIS Worldwide. The two firms have announced their multi-year global partnership that aims to help the global collision repair industry share ideas to …
Sabic inks agreement to develop new methanol plants in Louisiana
January 3, 2019
The deal comes as a part of the Saudi Arabian company’s strategy to boost its methanol shares this year. The deal also allows the company to capitalize on the rapidly growing shale gas production in North America. SABIC, a Saudi Arabian diversified Petrochemical manufacturing …
APICORP announces $100 million investment in Oman’s Duqm Refinery
December 24, 2018
The investment will focus on enhancing Oman’s export and regional development. The Arab Petroleum Investments Corporation (APICORP), a multifaceted development bank, has recently announced a $100 million investment to finance the construction of Oman’s Duqm Refinery. Sources close to the matter state that APICORP will …
Packaging magnate Coveris to inaugurate Pack Positive Center at Leeds
December 20, 2018
Coveris, a premier packaging and engineered coatings manufacturer, has reportedly announced that it is going to open a development center in Leeds, UK. Sources claim that the development center – tentatively titled ‘Pack Positive Centre’, the first facility in the industry, is being launched in …
Thailand is Asia’s first region to adopt plain packaging for tobacco
December 18, 2018
Thailand is currently in the news for becoming the first Asian country to introduce plain packaging for tobacco products. Reportedly, the developmental move by Thailand towards adoption of stronger control measures for tobacco products has been praised by the World Health Organization (WHO). Apparently, the …