Monthly Archives: August 2016

Drop in Stocks of Major Gold Mining Companies


Gold prices dropped sharply against an exchange trade in New York, falling to $1327 per ounce. Gold is coming off a two-year high that it experiences earlier this month and this year to date it is still higher by more than 25% or nearly $270 an ounce.  The biggest drivers of the surge in gold prices for 2016 such as large scale gold futures and options speculators or investors such as hedge funds have been clearing back bullish bets and the frantic buying of the physically-backed gold exchange-traded funds (ETFs) have moderated.

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Engro Investing $840 Million in Power Sector As Part of Its Expansion Plans


Engro Corporation of Pakistan is planning to invest at least $840 million to serve the energy-starved country. This is part of its strategy to shift towards the power sector and construction at the $2 billion coal-based electricity plant at Tharpaker has already started. The plan is to construct a 450 MW Liquefied Natural Gas (LNG)-fuelled power generation plant and a second LNG terminal, respectively, at a cost of $700 million and $140 million. Engro is a Pakistani public multinational corporation based in Karachi with subsidiaries involved in production of fertilizers, foods, chemicals, energy and petrochemicals.

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4D is the Next Big Thing in Printing Customizable Smart Materials


Scientists at the Lawrence Livermore National Laboratory in California have used a `smart ink’ made from soybean oil, polymers and carbon nanofibers, which could be “programmed” into a temporary shape at an engineered temperature, determined by the chemical composition. With this, the researchers demonstrated that 3D print objects can change shape when heated using an electrical current or with ambient air temperature. They can even be folded and unfolded. This process of 3D objects being capable of changing shape is actually known as 4D printing in the additive manufacturing industry. This technology finds extensive use in healthcare industry, in aerospace for solar arrays or antennae that can unfold and also for flexible circuits and robotic devices.

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Manufacture of Plastics See Great Future due to Joint Research by ExxonMobil and Georgia Institute

Georgia institute.jpg

Scientists from ExxonMobil and the Georgia Institute of Technology have developed a new revolutionary technology that can significantly reduce the amount of energy and emissions associated with manufacturing plastics. At an industrial scale, this new technology can help reduce the global annual carbon dioxide emission of the plastics industry by at least 45 million tons. This is equivalent to the annual energy-related carbon emissions of about 5 million US homes. The breakthrough technology can help reduce the global energy costs used to make plastics by up to $2 Billion per annum. The new technology leading to the major cuts in chemical manufacturing energy use and emissions is a molecular-level filter. It is a filter with microscopic holes to do what an enormous amount of heat and energy currently do in a chemical process similar to that found in oil refining.

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Hitachi Bidding to Acquire Wako Pure Chemicals to Strengthen Presence in the Healthcare Sector

The logo of Japanese Takeda Pharmaceutical Co is seen at an office building in Glattbrugg

Hitachi Group has entered the race with Fujifilm to acquire the chemical unit of Takeda Pharmaceuticals, Wako Pure Chemicals Industries. Wako is Japan’s leading supplier of laboratory chemicals for testing compounds in drug development. Takeda, which has 70% stake in Wako, could gain 100 billion yen (US$996 million) if this deal comes through.  Hitachi is bidding to acquire Wako through its chemical unit, Hitachi Chemical, with the intention of strengthening its presence in the healthcare sector. Hitachi may bear some of the acquisition costs.

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Apple Seeking to Expand its Presence in the Healthcare Sector


Apple is increasingly believing that personal computing devices can assist more in the health and medical field. With the aim of becoming a big player in this field and broadening its spectrum, Apple acquired Gliimpse earlier this year. Gliimpse is a personal data healthcare start up founded by Anil Sethi, an ex-Apple engineer, in 2013. It helps in recording the medical reports and other health-related information like a secure, life-long story of a person’s health. Some of the information is collected from existing medical records and the rest are added by the users. This information can be shared with doctors and medical researchers when required.

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Yara to Increase Presence in India by Acquiring Tata Chemical’s Urea Plant for $400 Million

Yara International

To expand its presence in India, the world’s second largest fertilizer market, Yara International ASA of Oslo has agreed to buy Tata Chemical’s Babrala urea plant and distribution business in Uttar Pradesh, India. The deal has been struck for US$400 million. The Indian plant has an annual production capacity of 0.7 million tonnes of ammonia and 1.2 million tonnes of urea. It had a sales value worth of US$350 million and EBITDA of US$35 million for the financial year ending March 31, 2016. The plant had commissioned in 1994.

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