India announced a series of measures, including a a cut in excise duty on petrol and diesel, and a reduction in import duty on raw materials for plastics and steel, to control price rise as inflation rose to an eight-year high due to an uncertain global situation because Russia’s invasion of Ukraine that has led […]
The scourge of unsightly images of plastic refuse littering our beaches and oceans always receives much attention. But a new report by the Food and Agriculture Organization of the United Nations (FAO) suggests that the land we use to grow our food is contaminated with far larger quantities of plastic pollution, posing an even greater […]
Imerys, French multinational which specialises in production and processing of industrial minerals, announced an additional investment of Rs 350 crore in its new facility in Vizag, Andhra Pradesh. The calcium aluminate plant will also serve as a distribution centre of imported ready-to-use mortars and bentonite solutions to serve the fast-growing infrastructure sector, in particular for applications such as waste water, tunneling […]
India’s Chemicals and Fertilizer minister D V Sadananda Gowda said on Wednesday that an opportunity to attract investments worth one trillion rupees had opened up in the chemicals and petrochemicals sector following recent budgetary announcements. Speaking at the annual India Chem summit, he said at least 50%-60% of recent production linked incentives announced for 10 manufacturing sector […]
It was only about a year ago that Nikhel Morris and his wife Somali Kothari quit their city jobs to plunge into a venture close to their hearts — recycling plastic and rubber wastes into fuel. It made perfect sense as India imports the majority of its fuel needs. At the same time the country struggles to recycle plastic and rubber […]
Uflex, India’s largest listed plastics and packaging company, says that the Covid-19 pandemic is creating new opportunities for growth especially in food and perishables segment amid heightened concerns about safety and sanitation following the spread of the virus.. Amitava Ray, executive director of UFlex, spoke to Biman Mukehrji of indoasiancommodities.com about the business outlook for the […]
Petrochemicals – components derived from oil and gas that are used in all sorts of daily-use products — are becoming the largest drivers of global oil demand, in front of cars, planes and trucks, according to a major study by the International Energy Agency (IEA). Petrochemicals – used in products such as plastics, fertilisers, packaging, […]
Public and regulatory backlash on single-use plastic because of ocean pollution is likely to have only a limited impact on petrochemical and oil and gas companies, Fitch Ratings said in a note. “An outright global ban on all single-use plastic would reduce demand for petrochemicals and therefore oil and gas, but we think the impact […]
Oil gets a bad rap these days, but the stuff is actually quite incredible. Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each barrel of oil is refined to be used in a variety of applications that includes […]
