Chemical sector: Outlook and opportunities


Chemical sector: Outlook and opportunities

By Aditi Yadwadkar: Overview of the Australian Chemical Sector- A number of Australian industries, including healthcare, food, construction, packaging, and information technology are dependent on steady supply of chemicals. As stated by the Department of Industry, Innovation, and Science of the Australian government, the chemical and plastic industry in Australia can support 109 industries out of 111 industries through the huge range of supplies it offers. Read More

 

Samsung Engineering has been awarded a contract from Sabic’s manufacturing affiliate, Jubail United Petrochemical Company (United), for a $ 700 million ethylene oxideethylene glycol (EO/EG) plant in Saudi Arabia, to produce 700,000 MTPA MEG.The project will be executed in Jubail Industrial City located in the east of Saudi Arabia, 100 km north of Dammam, construction completion expected in 2020.Samsung Engineering is one of top EG plant builders globally, with previous delivering 16 plants in total. Read More

 

Coromandel International Limited, India’s second largest phosphatic fertiliser player with interests in fertilisers, crop protection, speciality nutrients, organic fertilisers, has signed a term sheet to acquire the bio-pesticides business from E.I.D. Parry together with its wholly owned subsidiary Parry America, Inc, USA.The transaction is valued at Rs 338 crore, which includes purchase of bio-pesticides business of E.I.D. Parry together with its R&D unit, captive plantations and its wholly owned subsidiary Parry America Inc.  Read More

 

Potash Corporation of Saskatchewan Inc (PotashCorp) and Agrium Inc (AGU) said that they have received clearance from the United States’ Federal Trade Commission and have now obtained all regulatory approvals required to close their proposed merger of equals transaction.The transaction is expected to close effective 1 January 2018.With the closing of the transaction on 1 January 2018, the common shares of Nutrien are expected to commence trading on the Toronto Stock Exchange (TSX) and the New York Stock Exchange under the ticker symbol “NTR” at the opening of market on January 2, 2018. Read More

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