SEPTEMBER 21, 2015 | GLOBAL BISPHENOL A MARKET OUTLOOK (2015-2022)
Global Bisphenol A market size is accounted for $14.6 billion in 2014 and is expected to grow at a CAGR of 5.2% to reach $21.9 billion by 2022. The drivers of the market are raising demand for polycarbonate plastics and epoxy resins, growth in global automobile sector and rapid growth in demand for Bisphenol A in developing countries. the key players in the Bisphenol A market include, Bayer Material Science, Dow Chemical, LG Chemical, Kumho P&B Chemicals, Mitsui Chemicals, SABIC Innovative Plastics, Formosa Plastics, Samyang Innochem, Teijin and Vinmar International.
JULY 22, 2015 | MORE OFF-TAKE BIO DEAL WITH VINMAR
Vinmar is on a roll when it comes to doing off-take supply deals in the renewables sector. After the BioAmber bio-succinic acid deal, Vinmar recently announced that it has signed a 20-year contract for 19 billion pounds of AirCarbon PHA from Newlight Technologies.
JULY 15, 2015 | NEWLIGHT SIGNS 20-YEAR CONTRACT FOR 19 BILLION POUNDS OF AIRCARBON PHA Off-take agreement with Vinmar is a milestone for carbon capture efforts and meeting the growing needs of the sustainable materials market. The Vinmar contract provides for the sale of 100% of AirCarbon PHA from Newlight’s planned 50 million pound per year production facility for 20 years. The contract will also cover 100% of the output from a 300 million pound per year AirCarbon production facility and a 600 million pound per year AirCarbon production facility for a total of up to 19 billion pounds over 20 years.
Vinmar signs historic offtake agreement with Newlight Technologies for 1B lbs of AirCarbon plastic.
Critical to the deal? Newlight’s catalyst aims to transform the economics of PHA-based plastics, solving low yields and high cost issues that have kept PHA from competing strongly with petroleum-based plastics.
The Houston Technology Center (HTC), a business accelerator and the largest technology business incubator in Texas, announces at its annual Innovation Conference & Showcase on October 8, 2014 the 2014 Goradia Innovation Prize winners "The impact of these flourishing young companies' innovations on our community and city will enhance Houston's reputation as a global technology hub and effect significant economic growth for years to come," said Walter Ulrich, President and CEO of the Houston Technology Center.
The Houston Technology Center gratefully acknowledge the support and contribution of Mr. Vijay Goradia, his wife, Dr. Marie Goradia, and their family, for donating $1 million to the Goradia Innovation Prize to be distributed over 10 years, and the Greater Houston Partnership for donating $100,000 over two years.
FEBRUARY 4, 2014 | A BDO OFF-TAKE AGREEMENT BETWEEN VINMAR AND BIOAMBER
Last week, BioAmber Inc. (NYSE and EURONEXT Paris: BIOA) and Vinmar International, Ltd. (Houston, TX) signed a take-or-pay contract for the purchasing of 100% of the BDO produced in a 100,000 ton per year capacity plant that BioAmber plans to build in North America and commission in 2017. Furthermore, Vinmar plans to invest in BioAmber’s first BDO plant to be located in the US.
The Houston Technology Center (HTC), a business accelerator and the largest technology business incubator in Texas, announces 2013 Goradia Innovation Prize winners.
The Goradia Innovation Prize, with Opportunity Houston, distributes almost $150,000 in cash prizes at the 2013 Innovation Conference and Showcase to finalists and honorable mentions of early stage companies that have commercialized or will soon commercialize innovative technology within the Texas Gulf Coast region. The award is based on commercial potential of the innovation, soundness of the business plan, potential for job growth within the region and likelihood of significant long-term success selected by a prestigious panel of judges.
JUNE 22, 2013 | NO. 3 PRIVATE COMPANY: VINMAR INTERNATIONAL
Unstable world markets and price volatility in the petrochemical industry presented challenges for Vinmar International last year, but the company's quick reaction to those factors kept revenue largely intact.
MAY 17, 2013 | RISKY BUSINESS: TOP ENTREPRENEURS BET ON HOUSTON>
There seemed to be one common theme that ran through the winners' acceptance speeches at the Houston Technology Center’s lifetime achievement awards: Houston’s entrepreneurial and risk-taking spirit. One of these risk-takers was Vijay Goradia, chairman and founder of Vinmar International Ltd., a petrochemicals marketing group. Goradia was HTC’s top honoree at the event for his work with Vinmar, his support of local entrepreneurs and his philanthropy work.
FEBRUARY 7, 2013 | NO. 2 PRIVATE COMPANY: VINMAR GROUP
Vinmar Group, headquartered in Houston since 1985, supplies petrochemical and polymer materials to companies making products used by people worldwide.
Hemant Goradia, president and CEO, takes great satisfaction in that."Every day, from the time you wake up until the time you go to sleep, you use something that is made from products that we market," he said. "From a toothbrush to the mattress you sleep on. Tires are one example; everyday package items like a milk bottle ... housewares and many of the garments in the clothing industry."
In 2011, Vinmar Group had revenue of $4.8 billion, which put at No. 2 on the Chronicle's survey of top private Houston companies. (The company hadn't been surveyed for inclusion on earlier lists.) Vinmar has 425 employees, including 120 locally.
OCTOBER 11, 2012 | HOUSTON TECHNOLOGY CENTER ANNOUNCES 2012 GORADIA INNOVATION WINNERS
The Houston Technology Center announced its 2012 Goradia Innovation Prize winners on Oct. 10, which recognizes innovation at Texas' Gulf Coast universities and research institutions.
The Goradia Innovation Prize, with Opportunity Houston, distributes almost $150,000 in cash prizes to finalists and honorable mentions of early stage companies that have or will soon commercialize innovative technology within the Gulf Coast region.
The award is based on potential of the innovation, soundness of the business plan, potential for job growth within the region and likelihood of significant long-term success.
The Goradia Innovation Prize was established by Vijay Goradia and Marie Goradia as a $1 million gift to be awarded during a 10-year period. The Greater Houston Partnership’s Opportunity Houston has contributed $100,000 to be fund to be awarded for the next two years.
JUNE 22, 2012 | NO. 2 PRIVATE COMPANY: VINMAR GROUP
Vinmar Group, headquartered in Houston since 1985, supplies petrochemical and polymer materials to companies making products used by people worldwide. Hemant Goradia, president and CEO, takes great satisfaction in that. "Every day, from the time you wake up until the time you go to sleep, you use something that is made from products that we market," he said. "From a toothbrush to the mattress you sleep on. In 2011, Vinmar Group had revenue of $4.8 billion, which put at No. 2 on the Chronicle's survey of top private Houston companies.
OCTOBER 6, 2011 | HOUSTON TECHNOLOGY CENTER NAMES 2011 GORADIA WINNERS
The Houston Technology Center has announced the winners of its 2011 Goradia Innovation Prize, which recognizes innovation at Texas’ Gulf Coast universities and research institutions.
The award is based on the commercial applicability of the technology, the soundness of the business plan and the potential for job growth within the region.
The Goradia Innovation Prize was established by Vijay Goradia and Dr. Marie Goradia as a $1 million gift to be awarded during a 10-year period. The Greater Houston Partnership’s Opportunity Houston has contributed $100,000 to be fund to be awarded for the next two years.
As a first step down this road, Carbon Holdings concluded six agreements necessary for the construction of a new petrochemical facility in Ain Sokhna, Egypt. Leading the effort for Carbon Holdings will be Mr. Basil El-Baz, Chairman and CEO of Egypt Basic Industries Corporation together with Shaw Group, Inc., Univation Technologies, Vinmar International, Ltd., Transammonia, Foster Wheeler USA, Transcor Astra and SK Engineering and Construction. Construction of this facility will lead to thousands of jobs in both the United States and Egypt, a win-win partnership envisioned for Egypt: Forward.
Before joining Vinmar International, Mark Antonvich was executive vice president and general counsel of Hexion Specialty Chemicals and senior vice president and general counsel of Resolution Performance Products, where he was also the chief compliance officer. He has also held senior legal positions at BHP and Enron Global Exploration and Production. Antonvich is a graduate of the Georgetown University Law Center. He has served on the statewide board of the Texas General Counsel Forum and currently serves on the board of the Houston chapter.
OCTOBER 6, 2010 | EARLY-STAGE HOUSTON COMPANIES WIN INNOVATION PRIZES
Nine Houston-area early-stage companies were awarded funding as part of the Goradia Innovation Prize given at the recent Houston Technology Center’s Gulf Coast Innovation Conference & Showcase.
This is the first year for the Goradia Innovation Prize, named for Vinmar International founder Vijay Goradia and his family, who donated $1 million to fund the annual awards during the next 10 years.
MAY 13, 2010 | NEW TECH FUND AIMED AT UNIVERSITY STARTUPS
The Houston Technology Center will put to work a $1 million pledge from Vijay Goradia, founder of Houston-based chemical distributor Vinmar International Ltd. The funds will help companies who got their start from university research.
The Vinmar Group, a global family of companies that includes Vinmar International, announced today the launch of a new company, Vinmar Finance, designed to identify and facilitate international trade opportunities.
APRIL 22, 2003 | VINMAR INTERNATIONAL CELEBRATES 25 YEARS IN OPERATION
Vinmar International, a global & marketing, distribution and project management firm serving the petrochemical and plastics industries, is celebrating the company's 25th year in operation. Vinmar is marking the milestone with a yearlong program celebrating the company's history.
JULY 26, 2001 | VINMAR ANNOUNCES $1BN PE DISTRIBUTING DEAL WITH BRAZIL
Chemicals marketing company Vinmar International will market 150 000 tonne/year of polyethylene (PE) from Brazil's Rio Polimeros project in a deal worth an estimated $1bn (Euro1.13bn) over the course of the ten-year contract, Vinmar announced Thursday.
Vijay Goradia's sense of adventure is the reason his company has prospered. A self-proclaimed explorer, Goradia travels the world looking for business opportunities for his $450 million exporting firm.
Vinmar International Ltd., which exports a variety of petrochemicals, has 18 international offices doing business in 35 countries. And every time the 18-year-old business has expanded into a new market, Goradia has been there -- in person. A hands-on entrepreneur who could be the king of frequent flier miles, he still travels six to seven months out of the year.