Category: Chemicals
India Resurgence Fund (IndiaRF), a joint venture between Piramal Enterprises Ltd. and Bain Capital Credit., have recently invested around $156 million in business conglomerate Archean Group’s marine chemicals business. As per sources, the investment proceeds will be used to repay Archean Chemical’s existing debt, for …
Saudi Arabia’s national petroleum and natural gas company, Saudi Aramco has recently announced plans to ink five crude oil supply agreements (COSAs) with Chinese companies, taking the size of its prior established 2019 supply agreement to 1.67 million bpd (barrels per day). Reports from Gulf News suggest …
Crystal Crop Protection, an R&D-based specialty chemicals company headquartered in Delhi, is reportedly purchasing major fungicide and insecticide brands from the Swiss giant Syngenta AG. The portfolio of Syngenta’s brands that are to be acquired by Crystal Crop comprises Blue Copper, Tilt, and Proclaim. Apparently, …
Oil major Chevron Corp has reportedly been granted a 2017 hardship waiver from the U.S Environmental Protection Agency for its refinery in Utah. As per credible sources, in 2017, Chevron had reported a net worth of $9.2 billion and after this grant, it has become …
Renowned German chemical manufacturer, BASF SE has recently announced plans to launch a program to enhance its annual earnings by $2.3 billion (2 billion euros) staring 2021, as a measure to counter slower profit growth compared with previous years. As per an official statement, the …
Indian conglomerate Reliance Industries Limited is reportedly contemplating on a plan aimed at boosting its oil refining capacity by around half. As per trusted sources, the company is looking to process the heaviest and dirtiest crude and is likely to focus on manufacturing feedstock for …
BASF Venture Capital, the investment division of BASF recently announced that it will be leading a Series A investment round in holdings company, Essentium along with additive manufacturing company Materialise. Reportedly, Essentium and BASF are looking to extend their strategic partnership through this investment to …
BASF, the German chemical company that is arguably the largest chemical producer in the world recently announced the introduction of a methanol producing product that can cut greenhouse gases during the production process by at least 50%. The new method is based on a biomass …
