A new plant to produce the power cable insulation materials at Sipchem's site in Jubail

(Plastemart) -- Gulf Advanced Cable Insulation Company has awarded the engineering design, procurement and construction contract for the Wire and Cable Polymers Compounding Plant to POSCO Engineering Company of South Korea. The new plant will produce the power cable insulation materials at Sipchem's site in Jubail Industrial City. This plant comes as part of Sipchem's Phase III expansion downstream program.

The Gulf Advanced Cable Insulation Company will be owned equally by Sipchem and Hanwha. The SAR 230 mln (US$61 mln) is expected to be operational in Q3-2013. The major feedstock for the plant will be sourced from the International Polymers Company, one of Sipchem affiliates.


BASF put a new plant into operation at the site in Ludwigshafen

(BASF) -- BASF has put a new plant into operation at the site in Ludwigshafen to manufacture the novel active ingredient Xemium, used for the control of fungal infections. With the plant, BASF is reacting to the worldwide increase in demand for crop protection products. The manufacturing process involved, for which a patent is pending, particularly focuses on resource conservation and will thus make a positive contribution to the environment. The new production plant means that 23 new full-time jobs will be created in Ludwigshafen.

⌠With this investment in the high double-digit million euros, we want to endorse our growth strategy in the field of crop protection­. At the same time, we have also committed ourselves to a decision to further expand the production capacity for active ingredients at the integrated site in Ludwigshafen, explaines Markus Heldt, Head of the Crop Protection Division.

The production plant has been designed such that other active ingredients besides Xemium can also be produced. ⌠The flexible plant design means that we are able to react better to fluctuating demand in different growing regions, said Harald Rang, Senior Vice President Operations Crop Protection.

The new active ingredient Xemium was developed by BASF to control fungal infections and excels by its high efficacy and outstanding distribution in plants. The fungicide, which belongs to the group of carboxamides, makes it possible to increase crop yields and at the same time to achieve an improvement in quality. In broad-based trials, together with independent research institutes of agricultural organisations, Xemium proved convincing in its ability to control diseases in all important arable crops, such as, grain, soybeans and maize. The new active ingredient has also displayed a strong protective effect in use with fruit and vegetable crops.


Gail India reported a higher net profit on increased revenues for Q2

(Plastemart) -- Gail India Ltd. has reported a higher net profit on increased revenues for the second-quarter of this financial year- Rs.1094.41 crore, 19 percent higher than the Rs.923.55 crore.
Net revenue from operations for the quarter increased by 20% to Rs.9,699.02 crore from Rs.8,104.09 crore for the same period last year, while other operating income was Rs.27.38 crore, compared with Rs.24.13 crore in the corresponding quarter last year.

Revenue from Petrochemicals segment totaled Rs.937.64 crore, up by 30% from the Rs.720.89 crore for the same period last year. One of the reasons for the better performance of the petrochemicals business is an improvement in sales volume. After a weak performance in the June quarter, the petrochemicals business of GAIL (India) Ltd has done well in the September quarter, boosting overall performance to that extent.

For the six-month period, GAIL reported a net profit of Rs.2,079.08 crore, higher by 15% than the Rs.1,810.43 crore for the comparable period a year-ago. Total revenue, including other operating income, increased by 22% to Rs.18,615.40 crore from the Rs.15,243.97 crore in the corresponding period last year.


BASF developed a packaging system of new quality standards

(BASF) -- BASF has developed a packaging system which sets new quality standards. In the future PeroXeal will protect the pharmaceutical excipient Kollidon, based on PVP (polyvinylpyrrolidone), even better against contact with oxygen and subsequent o xidation. This makes it possible to significantly reduce the peroxide level of Kollidon , making the excipient suitable for use in oxygen-sensitive formulations as well. Under the trade name Kollidon, PVP is used in tablets as a binder and as disintegrant.

"With PeroXeal BASF is setting new standards for excipients in terms of formula stability and purity and can thus help its customers in the pharmaceuticals industry achieve higher levels of patient safety," says Dr. Boris Jenniches, head of Global Business Management PVP at BASF. "With our new packaging concept we can significantly reduce peroxide values to a level comparable with that of naturally-based raw materials. This makes Kollidon a viable alternative to naturally-based raw materials". Generally, Kollidon as synthetic polymer shows less variability in processing compared to its natural counterparts. Further advantages of PeroXeal: The shelf life of the excipient is extended and by-products in the formulation are reduced.


In South Korea petrochemical exports in September grew 30.9% year on year

(ICIS) -- South Korea's petrochemical exports in September grew 30.9% year on year to $3.8bn (┬2.7bn), thanks to a weak won and crude-led spikes in product prices, analysts said on Tuesday.
Strong crude futures boosted the prices of the country's chemical and refined products, according to Hong Chanyang, a petrochemicals industry analyst at Seoul-based Shinhan Investment Corp.
Exporters also benefited from the depreciation of the won, as the South Korean currency tumbled by more than 9 % against the US dollar in September, Hong said. A weaker currency helps a country better compete in the exports market.

South Korea's shipments of most petrochemical products last month increased on a year-on-year basis, data from Korea International Trade Association (KITA) showed.

Exports of ethylene surged by 39% year on year to 67,067 tonnes in September, while overseas shipments of propylene jumped 91% to 93,016 tonnes, according to KITA. For aromatics, exports of benzene rose 29% year on year to 125,461 tonnes, while shipments of toluene increased 13% to 63,296 tonnes, the data showed. Paraxylene (PX) exports, meanwhile, inched up 18% to 154,657 tonnes.