Chemicals News Today

Kothari Petrochemicals reported a 15.38% YoY increase in Q2 revenue to ₹165 crore compared to ₹143 crore, driven by steady domestic demand for polyisobutene and operational resilience.

Tata Projects won an EPC contract from GSFC to build an integrated complex featuring a 600 metric tonnes per day phosphoric acid plant and an 1,800 metric tonnes per day sulfuric acid plant in Gujarat.

Advances in chemical reactor technologies, mechanochemistry, steam crackers, reactive drying, ion exchange catalysts, and digital troubleshooting enhance efficiency, safety, and sustainability in chemical manufacturing.

Middle East supply disruptions boosted virgin PET prices, driving Samyang Ecotech's recycled PET chip sales past 7,000 tons in ten months—over four times last year's total.

India reopened Round 4 of the Textile PLI Scheme with applications open until December 31, 2026. The minimum turnover requirement dropped to ₹100 crore, and scheme tenure extended to FY 2033–34.

Epigral reported a 26% rise in Q2 PAT to Rs 64 crore and revenue of Rs 752 crore, driven by volume growth, while advancing major capacity expansions at its Dahej complex.

S-Oil's 9.258 trillion won Shaheen plant launches, adding 1.8 million tons of ethylene annually, while Ulsan's petrochemical restructuring stalls due to cost and employment disagreements amid oversupply.

Despite Brent crude falling to $109.93/bbl, global petrochemical costs remain elevated due to Middle East shipping risks. In India, festive demand boosted polymer prices like PP and PVC amid high freight expenses.

Chinese cotton prices dropped 3.36 per cent between October 26 and 30, narrowing the cotton-VSF spread to 2.39 per cent and reducing cotton's premium to 16.31 per cent. Mills should review blend costs.

The eight-month closure of the Strait of Hormuz amid the US-Iran conflict has severely disrupted global energy, chemical, and agricultural supply chains, driving up costs and exposing severe vulnerabilities.