To better serve its customers, Deepak Fertilisers has decided to split its mining chemicals and fertiliser operations.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL), a producer of industrial chemicals and fertilisers, stated on Thursday that it will demerge its mining chemicals and fertilisers businesses as part of a corporate restructuring plan. According to a statement released by the firm, the boar...

Ineos announces over 2 Billion Euros investment in Europe in green hydrogen

Jim Ratcliffe, chairman of Ineos, is planning to invest a large amount of money in Europe in the field of green hydrogen.

Highlights

•        Ineos announced its plan to invest in green hydrogen production in Europe

LARSEN & TOUBRO HEAVY ENGINEERING UNIT GETS BIG CONTRACTS IN Q4FY21

HIGHLIGHTS

• The Heavy Engineering Unit of Larsen & Toubro has bagged major contracts in Q4FY21.
• L&T Heavy Engineering also earned contract to develop a Critical Reactor system.
• The contract has been given by IOCL's Petrochemical ...

HALDIA PETROCHEMICALS WANTS 50 PERCENT CAPACITY HIKE

HIGHLIGHTS

• Haldia Petrochemicals wants to increase its capacity hike by 50%.
• Haldia Petrochemicals is starting a project in order to produce 345,000 tonnes per annum of additional polymer.
• To facilitate new ventures, Haldia Petrochemicals h...

YARA PLANNING TO PRODUCE GREEN AMMONIA IN NORWAY

Highlights:

• The company ‘Yara’ is planning to produce green ammonia in Norway
• The fertilizer giant of Norway said that, the primary use of the green ammonia is going to be fuel instead of fertilizer

The company Yara, whic...

EUROPE: THE PRODUCERS OF PETROCHEMICALS ARE ANTICIPATING ON A BETTER OPERATING ENVIRONMENT

Highlights:

• The Petrochemical producers in Europe are anticipating for a better operating environment
• More fundamental shifts in the patterns of the demand will be becoming apparent over the time

The virtual European Petrochemical As...

SHELL STARTS FRAM GAS AND CONDENSATE FIELD AS STRATEGY UNDER REVIEW IN UNITED KINGDOM

Highlights:

• The company Shell has started the production of the Fram gas and the gas condensate field in North Sea in the United Kingdom
• Shell said in a statement that the Fram had came on stream on 16th June 2020 and it is expected to produce 12,400 ...

SINOPEC LAUNCHES SOUTH CHINA REFINERY, SEEKS KUWAITI OIL: SOURCES

Highlights:

• China’s business giant Sinopec Corp is set to launch a new USD 5.7 billion petrochemical and refining complex in the southern part of the country.
• Industry officials revealed that the company plans to complete construction in the sec...

SENATOR AT TEXAS TO PARTICIPATE AT DOWNSTREAM 2020

Highlights:

• A regular part of Reuters Events ‘Petrochemical Update’ has confirmed that Texas Senator Larry Taylor will join senior executives from SABIC, Chevron, BASF, and BP at the Downstream 2020 event.
• Several dignitaries and leaders w...

JAPAN CUTS DOWN KEROSENE SHIPMENTS BY 11% YEAR ON YEAR

The warm winter in Japan has resulted in reduced domestic kerosene shipments. The demand of kerosene for heating purposes is down by almost 11% year on year, according to President of Petroleum Association of Japan, Takashi Tsukioka.

All present kerosene demand and supply statistics sho...

This is why the leading petrochemical Abu Dhabi has his focus on the shale of North America

Although North American shale may compete with OPEC members, some oil-exporting Persian Gulf countries are simultaneously betting on the resource as a potential investment opportunity.

One of them is the United Arab Emirates, and Musabbeh al-Kaabi, Abu Dhabi's chief executive, Mubad...

Occidental Oman has signed two new multi-year contracts with local firms

Occidental Oman has signed two new multi-year contracts with Gulf Triangle Industries & Services LLC and Muscat National Petrochemicals & Supplies LLC as part of its in-country quality (ICV) policy to help locally produced products and increase expenditure on goods and services made in Om...

Are the regulatory earnings of Deepak Fertilizers and Petrochemicals (NSE: DEEPAKFERT) a fair representation of their earnings potential?

Generally speaking, we agree that profitable companies are less risky than businesses that lose money. Sometimes, however, companies get a one-off boost (or decrease) to their profit, and it's not always clear if statutory profits are a good guide to go forward. This article will consider whe...

Several investors of Manali Petrochemicals have cut a 56% share price fall

You're bound to buy some losers if you enjoy investing in shares. Nonetheless, Manali Petrochemicals Limited investors have been facing particularly difficult for the last three years. Sadly, over this time they have been experiencing a 56 percent fall in the share price. And the share price ...

GCC chemical industry produced sales of $84.1bn in 2018

The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the Arab Gulf chemical industry, published the' GPCA Pulse of the Chemical Industry Report ' highlighting the development, export, consumption, job creation and investment made in the Arab Gulf in 2018.

The G...

Gulf Cooperation Council (GCC) continues to attract new investments

The chemicals industry of the Gulf Cooperation Council (GCC) will continue to attract new investments as the region explores more downstream value opportunities in the midst of continued oil price volatility and as benefits from cheap feedstocks facilitate.

According to estimates by the...

AP official to the headboard on petrochemical venture locales

The Center has selected senior Andhra Pradesh official Rajat Bhargava as leader of an elevated level board of trustees to propose vital approach activities for drawing in more ventures into the Petroleum, Chemicals and Petrochemical Investment Regions (PCPIR) in the nation. Bhargava, the AP Indus...

Haldia Petrochemicals ltd has pronounced a marvel loss within the ultimate financial year after three years of consecutive earnings.

The organization, which produces polymer utilized in making plastic substances, recorded a Rs 309.5-crore loss in 2018-19 in comparison with Rs 102.4-crore profit in the past.

HPL is an unlisted agency, majority owned by using the Chatterjee Organization, headed by using Purnendu Chatte...