Lazell, Mark
July 2006
ICIS Chemical Business;7/24/2006, Vol. 1 Issue 29, p12
Trade Publication
This article presents news briefs related to the chemical industry in Asia. Chinese biodiesel producer Gushan Group is considering raising $200m in an initial public offering in Hong Kong by the end of the year, making it the first biodiesel firm to list in the territory. It is using investment bank Credit Suisse to arrange the share sale, said an investment banker close to the deal. Meanwhile, India's plan to set up separate petroleum, petrochemical and speciality chemical investment hubs along coastal regions has been given a boost with the introduction of a taskforce to entice foreign investment. Multinationals such as BASF, ExxonMobil, British Petroleum and Dow Chemical are believed to be interested in investing.


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