Speaking on this strategic transaction, Mr. P.M.S. Prasad, Executive Director, RIL, said “Given MOL is currently the operator of all the six VLECs, investment by MOL will deepen our relationship with them and ensure continued safe and efficient operations of the VLECs. We welcome MOL as a strategic partner into the SPVs as they move beyond the current operator role to joint owner and operator role in the SPVs”.
Mr. Takeshi Hashimoto, Member of the Board, Executive Vice President, MOL said, “This investment would enable MOL to add six unique VLECs, which we have been operating for some time now, as owners to its existing fleet of over 850 vessels which include LNG carrier, other tankers, dry bulkers, car carriers, ferries and coastal RoRo ships and cruise ships. We also have container ships which are chartered by ONE. MOL has detailed knowledge about these assets having supervised the construction and delivery of the six VLECs and subsequently operating them since their delivery. We are therefore happy and look forward to use this strategic opportunity to be a joint owner and to significantly strengthen our existing relationship with Reliance”.
Clariants new Dispersogen® Flex 100 now the only choice for superior and sustainable pigment preparations
DSM Engineering Materials launches 100 Percentage bio-based Stanyl® with halved carbon footprint and same high performance to empower customer sustainability
Unique value chain collaboration Design4Circularity achieves first circular cosmetics packaging concept
The new Heubach Group, a global provider of comprehensive color solutions, is expanding its well-known Colanyl 500 pigment preparations range with Colanyl Orange H5GD 500 to better illustrate brilliant orange color shades. The new addition to the portfolio makes customers’ lives easier when facing challenges with the stability of Pigment Orange 62 in waterborne applications. Read More
Clariant, a leading global provider of specialty chemicals, has launched its first universal polymeric dispersing agent for high quality pigment preparations that can incorporate organic and inorganic pigments and can be used for all types of water-based paint systems. In addition, waterborne pigment preparations with Dispersogen Flex 100 can also be compatible with solvent-borne base paint systems. Read More
DSM Engineering Materials announces the launch of a new, more sustainable version of its flagship product Stanyl®: Stanyl® B-MB (Bio-based Mass Balanced), with up to 100% bio-based content. Using the maximum possible levels of biomass-waste feedstock, it enables DSM Engineering Materials to halve the carbon footprint of this product line and, in turn, of the Stanyl® B-MB-based products of its customers. This industry-first launch of a 100% bio-based high-temperature polyamide underlines the busi Read More
Clariant now offers a natural-derived, readily biodegradable opacifier to support Personal Care formulators in minimizing the impact of shampoos, conditioners, handwashes and other rinse-off shower and bath products on marine and river life. New Plantasens OP 95 is a microplastic-free option which delivers powerful opacifying performance even at low concentrations, for a creamy white appearance with luxurious, caring consumer appeal for shampoos and liquid soaps. Read More
Moving circular plastic packaging forward. In a first and unique collaboration for the Personal Care industry, Clariant, Siegwerk, Borealis, and Beiersdorf are combining expertise to tackle the challenge of creating recyclable consumer packaging, based on 100% retrieved plastic packaging waste, for cosmetics applications. The pioneering initiative, named "Design4Circularity", is providing innovations and insights for the different design aspects to encourage others to also follow design for circ Read More