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”.
LANXESS enters battery chemistry business electrolyte production for lithium-ion batteries in Leverkusen Germany
Cologne/Leverkusen, April 5, 2021 – LANXESS enters the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, LANXESS will produce electrolyte formulations for lithium-ion batteries under the authorization of the Chinese company. Read More
Cologne, April 2, 2021 – In the manufacture of transmission oil pans, polyamides offer numerous advantages over sheet steel or die-cast aluminum in terms of lightweight construction, cost-cutting functional integration and design flexibility. Polyamide 66 in particular has therefore found widespread use in series production of these large injection-molded parts in recent years. However, polyamide 6 is also very well suited to the purpose, as is evident from an increasing number of applications. Read More
Cologne, March 30, 2021 – A smartphone that sets new standards for lightness, slim design and sustainability is making its debut on the market this March: the Carbon 1 MK II from Berlin-based start-up Carbon Mobile. “Designed and engineered in Germany, the Carbon 1 MK II reignites miniaturization and drives sustainability in connected devices by replacing plastics and aluminum with advanced composite materials for the first time”, says Firas Khalifeh, CEO of Carbon Mobile. The base material for Read More
Muttenz, March 29, 2021 – Closer to Chinese customers from the start. Clariant’s Additives business continues to step up support for the needs of China’s growth industries, with new top-class facilities to foster R&D and joint application technology developments at the One Clariant Campus (OCC). Ahead of Chinaplas 2021, Clariant shares a taster of bio-based additives available to advance resource-efficient innovation in local market segments, highlights from its new sustainable solutions set for Read More