(chemeurope) -- Ineos Technologies has announced that is has licensed its Innovene G, Innovene S and Innovene PP processes to ZAO "Vostochnaya Neftechemicheskaya Company" (ZAO “VNHK”), a subsidiary of OJSC "NK Rosneft" for VNHK’s new petrochemical complex in Nakhodka Russian federation.
This is a second award for Ineos Technologies by Rosneft companies. Thus JSC Angarsk Polymer Plant in Angarsk, Russian Federation selected Innovene S PE technology in 2010.
All VNHK’s units will incorporate INEOS’ latest polymer technology advances and will ensure a competitive advantage for petrochemical complex customers in both domestic and global markets. Engineering work is now underway.
MRC
(fibre2fashion) -- Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. Minister for Commerce, Industry and Textiles Shri Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval to the recommendations of the Inter Ministerial Project Scrutiny Committee which examined 55 proposals for new Textiles Parks in the country.
The Scheme for Integrated Textiles Parks seeks green field investments in textiles sector on a public private partnership basis with the objective of setting up world class infrastructure for Textiles industry.
Commerce, Industry and Textiles Minister Shri Anand Sharma said "sanction of new Textiles parks would catalyze significant additional investments with industry utilizing the benefits both under the Scheme for Integrated Textiles Parks for development of common infrastructure; and under the Technology Upgradation Funds Scheme for installation of Plant and Machinery."
Government has enhanced the allocation under TUFS from Rs. 8000 crores to Rs. 15404 crores under the 11th Five Year Plan and under the SITP an allocation of Rs. 400 crores has been made for sanction of new Textiles Parks in April 2011. Commerce Industry and Textiles Minister said that the new Textiles Parks would leverage an investment of over Rs. 9000 crores and provide employment to 4 lac textiles workers. Government would finance common infrastructure with a subsidy upto Rs. 40 crores per Textiles park.
MRC
(Fibre2fashion) -- Tongsuh Petrochemical, based in South Korean, will begin commercial production of a new line at its Acrylonitrile (ACN) plant in January 2013. Tongsuh is adding line No.4 at its Ulsan based ACN plant, which will have a production capacity of 245,000 tons per year.
Tongsuh has an ACN capacity of 315,000 tons per annum and with the addition of the new ACN line in 2013 will reach 560,000 tons per year.
Acrylonitrile is a chemical compound which is used for the manufacture of useful plastics.
Acrylonitrile is used principally as a monomer to prepare polyacrylonitrile, a homopolymer, or several important copolymers such as styrene-acrylonitrile (SAN), acrylonitrile butadiene styrene (ABS), acrylonitrile styrene acrylate (ASA) and other synthetic rubbers such as acrylonitrile butadiene (NBR).
MRC