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Chemicals Sector News & Updates - May 20, 2024



Berger Paints plans to set up new unit in Khordha, Odisha
Chemicals   -  Feb 15,2024
Berger Paints India secures 80 acres of land in Odisha for a manufacturing unit, with an annual capacity of 4,10,000 KL/MT. The unit will produce paints, coatings, and construction chemicals using mod .


Confidence Petroleum India launches green hydrogen cylinders
Chemicals   -  Feb 14,2024
Silversky Exim, a subsidiary of Confidence Group, will manufacture Type 4 cylinders for green hydrogen. These cylinders, made from carbon composite with a polymer liner, are 70% lighter than Type 1 me .


Petronet draws Rs 40,000 crore investment plan to treble profit by 2028
Chemicals   -  Feb 12,2024
Petronet LNG Ltd plans to invest Rs 40,000 crore in expanding LNG import capacity and venturing into petrochemicals to triple net profit by 2028. Initiatives include a propane dehydrogenation plant an .


JSW Neo secures letter of award to establish Green Hydro Production facility
Chemicals   -  Feb 06,2024
JSW Neo Energy secures a 6.5 ktpa green hydrogen production facility project from SECI's SIGHT Scheme, aiming for commissioning within 36 months. The contract includes incentives worth Rs 67.6 cr .


JSW Energy secures Green Hydrogen production capacity under SIGHT scheme
Chemicals   -  Feb 05,2024
JSW Neo Energy Limited, a JSW Energy subsidiary, secures 6.5 KTPA capacity allocation in SECI's inaugural green hydrogen auction. With a Rs. 67.6 crore incentive over three years, the project ali .


CPCL seeks to emerge as a hydrogen production hub, partners with IIT-Madras
Chemicals   -  Jan 25,2024
Chennai Petroleum Corporation (CPCL) aims to become a hydrogen production hub, supplying green hydrogen for various applications, including petrochemicals. The company plans to join the Hydrogen Valle .


Inox Air inks $3 billion agreement with Maharashtra for green ammonia plant
Chemicals   -  Jan 17,2024
Inox Air Products has inked an MoU with the Maharashtra government to build the state's inaugural Green Ammonia Plant, boasting a 500,000 MTPA capacity and a planned investment of $3 billion. The .


CESC ventures into green hydrogen domain
Chemicals   -  Jan 10,2024
CESC, a flagship of the RPSG Group, is set to venture into green energy with the establishment of its first green hydrogen plant, a 10,500-tonne capacity unit on the east coast. Executed by CESC Proje .


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