Page 126 - CW E-Magazine (14-1-2025)

Top Stories FOR YOUR DIRECT IMPORT

Ø Vitride 70% In Toluene Ø 4-Chloro 2 Nitro Toluene
PROJECTS MONITOR

Adani Group sets up petchem Joint Venture with Thailand’s Ø CPME - Cyclopentyl Methyl Ether Ø Acetyl Chloride

Indorama

Adani Group subsidiary, Adani that the conglomerate is looking to Ø Dimethyl Sulphoxide – DMSO Ø Furfuryl Alcohol
Petrochemicals Ltd. (APCL) has an- invest more than $4-bn in a petrochemi-
nounced the incorporation of a joint cal complex in Gujarat. Ø Phenothiazine Ø THF
venture with Indorama Resources Ltd.
of Thailand. APL’s fi rst project is a 2-mtpa poly- Ø Dimethyl Sulphide Ø O-Chloro Phenol
vinyl chloride (PVC) capacity to be
The 50:50 jv, named Valor Petro- constructed in a phased manner in Mundra,
chemicals Ltd. (VPL), has been estab- Gujarat. While Phase I will see the Ø Dimethyl Adipate Ø Mesitylene
lished with the objective of setting up tre, defence and aerospace, solar manu- development of 1-mtpa PVC plant by
“refi nery, petrochemical and chemi- facturing under it. Indorama Ventures 2026, the second phase of equal capa-
cal business,” Adani Enterprises Ltd. Public Company Ltd. is one of the lar- city will be commissioned by early Ø Thiophene 2 Ethanol Ø Benzotrichloride
(AEL) said in a stock market statement. gest petrochemical producers globally. 2027. Work on the project was halted in
According to media reports, the fi rst March 2023 due to fi nancial concerns Ø Potassium Hydroxide Ø Benzotrifluoride
project of the JV is a 3.2-mtpa purifi ed Adani Petrochemicals was incor- that stemmed from a Hindenburg report
terephthalic acid (PTA) project in porated in 2021 as a fully owned sub- alleging fi nancial and accounting fraud
Maharashtra. sidiary of AEL to set up refi neries, at Adani Group companies but resumed Ø Para Formaldehyde Ø Propargyl Alcohol
petrochemical complexes, speciality in July 2023. The Adani Group had
AEL, the fl agship company of the chemicals units, hydrogen and related earlier partnered with German chemical
Adani group, has been an incubator for chemicals plants and other similar units giant BASF to set up a chemical Ø O-Chloro Benzaldehyde Ø Propargyl Chloride
different business. It currently houses in a phased manner. Group chairman business in Mundra, Gujarat, but the
businesses including airports, data cen- Mr. Gautam Adani had in 2022 stated project failed to take off as planned. Ø L(+) Tartaric Acid Ø Fluorobenzene

BUSINESS RESTRUCTURING Ø 2-Methyl THF Ø Iodine
Akzo Nobel India to consider hiving off powder

coatings business, R&D unit Ø 1,2,4 Triazole Ø Ammonium Thiocyanate

Paints and coatings maker Akzo ing the decorative paints’ intellectual Ø 3-Methyl Benzyl Chloride Ø Potassium Thiocyanate
Nobel India Ltd. has said its parent property owned by ANNV.
entity, Akzo Nobel NV (ANNV), has
proposed a strategic evaluation of its At its meeting on January 6, 2025, the Ø P-Chloro Benzaldehyde Ø Sodium Thiocyanate
powder coatings business and international board of directors of Akzo Nobel India
research centre (R&D operations). authorised the management to commence For further details please contact:
exploratory steps for evaluating these S. Amit SpeciAlity chemicAlS pvt. ltd.
The proposal involves the potential potential transactions. The board stated
sale of these assets to an indirect that any decisions will be subject to further A TRUSTED NAME FOR IMPORT OF YOUR CHEMICALS
wholly-owned subsidiary of ANNV. consideration and adherence to applicable 101 ‘A’ Neelam Centre, 249-B Hind Cycle Road, Worli, Mumbai 400 030.
towards (a) a potential sale of the com- legal and procedural requirements. “The Tel.: 022-4001 3000 / 4001 3007 l Fax: 91-22-4001 3030 / 2493 7925
“We do hereby intimate the stock pany’s Powder Coatings business and Board of Directors of the company, at its Email: info@s-amit.com / manishv@s-amit.com / suri.kv@s-amit.com l Web.: www.s-amit.com
exchanges that Akzo Nobel NV its International Research Centre (R&D meeting held today, i.e., 6th January 2025, Hyderabad Office: Tel/Fax 040-40038739
(ANNV), the ultimate holding/promoter/ operations) to a separate indirect wholly took note of the above said and authorised
parent entity of Akzo Nobel India Ltd., owned subsidiary of ANNV...,” Akzo the company’s management to commence
has requested the Board of Directors of Nobel India said in a regulatory fi ling. exploratory steps as may be required to
the company to consider, evaluate and Additionally, the proposal includes evaluate and examine the aforesaid Potential
thereafter, start taking exploratory steps Akzo Nobel India potentially acquir- Transactions,” it added. S. Amit Group of Companies
PHARMACEUTICALS AGROCHEMICALS POLYMER ADDITIVES PAINTS & COATINGS
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126 Chemical Weekly January 14, 2025
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