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Jay Polychem India News - Supply Disruption Throttles Japan's Petrochemical Market

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Supply Disruption Throttles Japan's Petrochemical Market. 24 Mar 2011 - With production of key petrochemicals in Japan hamstrung by the March 11 earthquake and tsunami, prices of plastic materials and other products have begun to climb. Mitsubishi Chemical Holdings Corp.'s (TSE:4188) ethylene plant in Ibaraki Prefecture has been knocked out of commission, and the firm does not know when production can resume there, according to President Yoshimitsu Kobayashi. Companies that did not suffer damage to their...

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Jay Polychem India News - India pays Iran $2.8 bn to clear import dues

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India pays Iran $2.8 bn to clear import dues. 4 Mar 2011 -India has paid 1.5 billion ($2.08 billion) to clear pending dues for buying crude oil from Iran, oil minister S Jaipal Reddy said. India? S crude oil imports from Iran faced an impasse for over three months after the Reserve Bank of India (RBI) declared that a regional clearing house that involved the Iranian central bank could no longer be used to settle oil and gas transactions between the two countries. Mr Reddy told the Lok Sabha.

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Jay Polychem - Petrochemical & Polymer News: April 2011

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Jay Polychem - Petrochemical and Polymer News. Monday, April 18, 2011. Georgia Gulf declares force majeure on PVC shipments on feedstock supply. Georgia Gulf has declared force majeure on PVC (polyvinyl chloride) shipments on feedstock issues. The company faces problems of reduced ethylene supply triggered by a force majeure declared by its supplier, and low chlorine production at its facility. Operational issues has cut chlorine production by about 33% at it's facility in Plaquemine, Louisiana. The deal...

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Jay Polychem India News - Plastics that repairs itself

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Plastics that repairs itself. According to Telegraph.co.uk, Graham Armstrong, corporate director of research, development and innovation at AkzoNobel, said: "We are working on polymers that are able to heal themselves. They use supramolecular chemistry, which exploits some of the lessons we have learned from the way proteins bind together in biology. It means we can have solids that genuinely can heal.".

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Jay Polychem India News - Haldia Petrochemicals Ltd to invest 4,000 crore

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Haldia Petrochemicals Ltd to invest 4,000 crore. 31 May 2011 - Haldia Petrochemicals Ltd (HPL) is planning to invest Rs 4,000 crore in eight new product lines, some of these would be through joint venture with technical partners, HPL vice-chairman Purnendu Chatterjee, who is also the chairman of The Chatterjee Group (TCG), said on Monday. According to him, HPL would require to induct technical partners for some product lines. "In some products, we need technical partners and they will ask for equity ...

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Jay Polychem India News - Engineers India Ltd (EIL) to partner with Saudi group

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Engineers India Ltd (EIL) to partner with Saudi group. 27 May 2011 - State-run engineering consultancy firm Engineers India Ltd (EIL) is tying up with a major Saudi Arabian group to jointly bid for contracts in the West Asian country that is dominated by US and European majors.

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Jay Polychem - Petrochemical & Polymer News: March 2011

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Jay Polychem - Petrochemical and Polymer News. Thursday, March 24, 2011. Resumption of operations at Mitsubishi's Kashima naphtha crackers to take couple months. Honam Petrochemical Corp to establish PP manufacturing facility. Sub-contractors eager to cooperate with BCPL. Sub-contractors eager to cooperate with BCPL, agree to withdraw indefinite cease work. Office-bearers of the BCPL Sub-Contractors' Association (BCPLSCA) were contacted by officials from BCPL and Engineers India Limited (EIL) and request...

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Jay Polychem India News - PDFs protest bringing MRPL project to standstill

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PDFs protest bringing MRPL project to standstill. Contractors who have mobilized heavy equipment and people are suffering huge losses by the day. Trouble erupted after 1,063 job aspirants for MSEZ found that there is a time lag in entering into employment due to the gestation period for industries/companies to set up shop in the MSEZ. This has lead to serious discontent and agitation with matters taking a turn for the worse for MRPL on May 25, when agitators blocked nine over-dimensional cargos.

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Jay Polychem India News - Budget Highlights 2011-2012

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Service tax rate kept at 10%. Service tax widened to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests. Rs 40,000 crore to be raised through disinvestment in 2011-12, FDI policy will be liberalized further. Tax sops of Rs. 20,000 for investment in Infra bonds.

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Jay Polychem India News - Thailand Apex Petrochemicals to Seek IPO

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Thailand Apex Petrochemicals to Seek IPO. 23 Feb 2011 - Thai Based Apex Plastics Group is seeking to IPO in 2011 and with turnover exceeding $300m USD in 2011 the IPO should gain the interest of regional investors. The company also plans to open a 150,000 brl a day Oil Refinery. Apex Plastics will IPO under the name Apex Petrochemicals International and is considering Singapore and Hong Kong as the primary exchange. Apex Operates 4 Divisions and will add a large scale oil refinery. AO Chemicals are produ...