Market Updates

European Union Approves BASF on Pig & Poultry Feed Enzyme
June, 2018

BASF expands its feed enzyme portfolio over 28 countries in European UnionThe German chemical giant BASF has got an approval for selling its product Natuphos E® in European Union. Almost 28 countries will be covered up in the agreement while some are still under the process of registration globally. The enzyme has gathered good response from the end users since its launch at IPPE 2016 as said by the company officials. The Natuphos Enzyme are sourced from the microorganism and falls under the [...]

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Revolutionizing the BPM Industry: Robotic Process Automation
May, 2018

Digital transformation is changing the way businesses are run around the world. The automation of business processes is expected to momentously transform business process management.  Organizations have started to reap the benefits of business process automation. However, it’s still a matter of debate in the ICT domain, whether such automation would remove a large workforce from their jobs or create more job opportunities in the fu [...]

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Telematics Transfigure Fleet Management - “FLEET TELEMATICS”
May, 2018

Since the introduction of telematics 15 years ago across the globe, it has been regarded as a tool to track vehicles; vehicle location and the duration of its journey. With the advance in technology, telematics has evolved to markedly and has become a dynamic part of fleet management.What is Fleet Telematics System (FTS)?A Fleet Telematics is primarily a system that permits the exchange o [...]

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Artificial Intelligence – A new wave for the Fintech industry
May, 2018

The impact of AI and big data are much talked about topics in the IT industry in recent times. AI is impactful in the analysis of data rich systems of big data. The application of AI is considered to assist the fintech sector with better customer support. AI makes customer experience more personal, by identifying individual preferenc [...]

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Transformational technologies impacting the Field Service Management
May, 2018

We are in an era of evolving disruptive technologies and the SMAC (Social, Mobility, Analytics and Cloud) technologies has paved way for better employee management and to enhance productivity of field workers. Mobility has given rise to function rich applications that helps service organizations to optimize the productivity of field workers. Field service management solutions delight clients with instant bill generation, real-time closur [...]

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Largest US Methanol Plant Nearing to Start Production!
May, 2018

On 20th April, 2018 OCI announced the mechanical completion of new unit in Beaumont, Texas. The complete commissioning of the plant is expected in next two to three months. The unit has capacity of 1.75 million tonnes per year and is first totally new or greenfield methanol project in North America in recent decade.Market Background: There have been around six or so plant built in North America in current decade. However, these built are either restarts or renovated capacit [...]

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Mitsui Chemicals to Increase Total Capacity in US with Milastomer Plant
May, 2018

Japan based, Mitsui chemicals announced in late March to install establish a new capacity for soft resin (known as Milastomer Thermoplastic). The new capacity will have 6,000 tons per annum production capacity and will be established at Ohio site of subsidiary ‘Advanced Composites’.Product Information: The

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BASF opens New Construction Chemicals Manufacturing Plant in Myanmar
May, 2018

BASF Diminishing Asia Pacific Construction Chemicals Supply GapYangon, Myanmar – May 18, 2018 - The rapid colonization throughout the Asia Pacific region has surged the demand for construction chemicals. With the upcoming manufacturing facility by BASF the supply for the construction chemicals is expected to bridge the gap. BASF has opened its first constructio [...]

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Octane Rating for Gasoline than Blending Grades! A Potential Reality
April, 2018

The American Fuel & Petrochemical Manufacturers (AFPM) proposed on Friday (13th April, 2018), that the US government should consider moving from ethanol blending standards to the ones which takes basis of octane rating [...]

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