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Saudi Arabia invests $10 billion in South Africa energy industry
energy & power

Saudi Arabia invests $10 billion in South Africa energy industry

Ojaswita Kutepatil July 23, 2018

In what may seem to a major move in order to kick-start the country’s struggling economy, Saudi Arabia has unveiled its plan to invest a minimum of USD 10 billion in South Africa’s energy sector. ....

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KKR-led group plans to acquire LCY Chemical for USD 1.56 billion
chemicals & materials

KKR-led group plans to acquire LCY Chemical for USD 1.56 billion

Ojaswita Kutepatil July 23, 2018

KKR & Co. has recently announced that it is taking over a Taipei-listed LCY Chemical Corporation in a USD 1.56 billion stock deal. Reportedly, KKR will pay T$56 ($1.83) per share, that represents ....

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Saudi Aramco looks for a stake in SABIC to boost downstream operations
chemicals & materials

Saudi Aramco looks for a stake in SABIC to boost downstream operations

Paroma Bhattacharya July 21, 2018

Saudi Aramco, the natural gas giant, has reportedly expressed its intention of acquiring a stake in Saudi Basic Industries Corp. (SABIC), the world’s 4th largest petrochemical firm. The move, if suc....

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Axiom Foods wins first patent in China for Oryzatein rice protein
food & beverages

Axiom Foods wins first patent in China for Oryzatein rice protein

Paroma Bhattacharya July 22, 2018

Axiom Foods Inc., a Los Angeles based plant protein manufacturer has recently won its fourth patent for its organic brown rice protein called Oryzatein. Incidentally, the patent is a first for Axiom F....

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Solvay, Spirit AeroSystems extend agreement for supply of composites
chemicals & materials

Solvay, Spirit AeroSystems extend agreement for supply of composites

Ojaswita Kutepatil July 22, 2018

Chemical giant Solvay has apparently announced an extension of its supply contract with Spirit AeroSystems. The supply agreement had initially been signed for  adhesives and composites used across ....

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Doriemus’ Horse Hill test campaign to depict positive results
energy & power

Doriemus’ Horse Hill test campaign to depict positive results

Ojaswita Kutepatil July 22, 2018

UK oil firm Doriemus, in its recent announcement has unveiled that it its making rapid progress at its partly-owed Horse Hill oil & gas field and has now completed the “clean-up” phase....

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SEC opens bid for power plant work, GE to face competition from rivals
energy & power

SEC opens bid for power plant work, GE to face competition from rivals

Ojaswita Kutepatil July 21, 2018

Saudi Arabia, one of General Electric Co.’s largest and valuable customers has recently announced that it is lining up competitors against GE for lucrative power plant work. Sources familiar with th....

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Colombia joins the league for zero-deforestation cocoa by 2020
food & beverages

Colombia joins the league for zero-deforestation cocoa by 2020

Paroma Bhattacharya July 21, 2018

The Colombian government along with cocoa production companies, Compañía Nacional de Chocolates and Casa Luker, has been reported to take a pledge to eliminate deforestation that has infamously ....

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Peru opens its largest wind farm with 132 MW/day energy potential
energy & power

Peru opens its largest wind farm with 132 MW/day energy potential

Ojaswita Kutepatil July 20, 2018

Sources at Peru’s Ministry of Energy and Mines (MINEM) confirmed that the country’s largest wind farm, situated in the southern Ica region, was opened for operations on Wednesday. The project ....

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India, Saudi Arabia ink MoU for electricity exchange & clean hydrogen

India, Saudi Arabia ink MoU for electricity exchange & clean hydrogen

Majuperak Holdings, SPIC Energy partner for solar projects in Malaysia

Majuperak Holdings, SPIC Energy partner for solar projects in Malaysia

Octava Minerals announces 100% acquisition of the Talga Project

Octava Minerals announces 100% acquisition of the Talga Project

GATI collaborates with Tech Mahindra to develop a cloud-based software

GATI collaborates with Tech Mahindra to develop a cloud-based software

SK Chemicals receives ACGR for five recyclable material types

SK Chemicals receives ACGR for five recyclable material types

Neste, Suntory, ENEOS & Mitsubishi team up for bio-based PET bottles

Neste, Suntory, ENEOS & Mitsubishi team up for bio-based PET bottles

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