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Reliance inks shipping deal with Mitsui OSK to import ethane from North America

3:28 AM MST | December 25, 2014 | Natasha Alperowicz

Reliance Industries announced today that it has signed shipping agreements with Mitsui OSK Lines (MOL; Tokyo), one of the world’s largest shipping companies, for transporting liquefied ethane from North America to India. MOL will supervise the...


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Indian firms sign joint venture agreements to build large coal-based fertilizer complex

Rashtriya Chemicals and Fertilizers (RCF; Mumbai) said today that it has signed two joint venture agreements with Gail India, Coal India, and Fertilizers Corporation of India to set up an integrated coal gasification-to-fertilizers manufacturing complex at...

Kuraray announces business plan, to invest $1.6 billion in three years

Kuraray has unveiled a medium-term management plan covering the next three years. Kuraray is targeting sales of ¥650 billion ($5.4 billion) and operating profits of ¥90 billion in the fiscal year ending 31 March 2018 compared with sales of ¥413.5...

Sika minority holders try to block Saint-Gobain takeover as family seeks to oust directors

A group of 12 minority shareholders on Tuesday launched a last-ditch attempt to prevent the French group Saint-Gobain from buying the family-controlled Swiss building chemicals group Sika without making a bid for the whole company. The group, which holds less...

Mosaic plans ammonia plant expansion in Louisiana

Mosaic, a major producer of phosphate and potash fertilizers, is planning to expand its ammonia plant in Louisiana. The company awarded KBR the license and engineering contracts to perform the front-end engineering and design (FEED) for a potential expansion...

Rosneft buys Lukoil's stake in Venezuela-focused NOC consortium

Energy majors Lukoil (Moscow) and Rosneft Petroleum Co. (Moscow) have signed a package of legally binding documents covering the sale by Lukoil of its interest in the National Oil Consortium (NOC). Lukoil intends to divest its 20% stake in the authorized...

Reckitt Benckiser completes pharma demerger

Reckitt Benckiser (RB), a leading global consumer health and hygiene company, said that it has completed the demerger of its specialty pharmaceuticals business Indivior. Indivior shares started trading on the London Stock Exchange on Tuesday, ending 19.9% up...

Russian court issues arrest warrant for US-resident fertilizer businessman

A Moscow court has issued a warrant in absentia for the arrest of Sergei Makhlai, chairman of the board of nitrogen fertilizer producer TogliattiAzot (Togliatti, Russia). He is charged with fraud of almost $400 million, according to Novosti news agency...

Merck KGaA receives US antitrust clearance for acquisition of Sigma-Aldrich for $17 billion

Merck KGaA (Darmstadt, Germany) and life science company Sigma-Aldrich (St. Louis) today announced that Merck has obtained antitrust clearance from the US FTC for its previously announced planned acquisition of Sigma-Aldrich. Merck announced in September that...

China commissions first of 14 planned propylene plants using UOP technology

UOP, a Honeywell subsidiary, says that Zhejiang Satellite Petrochemical (Jiaxing, China) became the first Chinese producer to start producing propylene using UOP C3 Oleflex process technology, which produces propylene from propane. This planned propylene...

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