Chemicals News Today

Garware Hi Tech Films signed an MoU with Lubrizol to manufacture TPU technology in India, establishing India's first dedicated extrusion platform for premium Paint Protection Film and expanding capacity over 600 LSF.

Grand Pacific Petrochemical reported a 17% revenue rise to NT$12.914 billion and positive gross margins in Q2 2026, but widening affiliate losses resulted in an EPS loss of NT$1.68.

US 50% tariffs on Indian goods threaten MSMEs accounting for 45% of exports, squeezing margins and competitiveness across textiles, gems, seafood, and chemicals worth USD 19 billion, according to CRISIL.

ELANTAS Beck India is enhancing its specialty chemicals capabilities for Battery Energy Storage Systems, providing thermal management and electronics protection solutions to support India's growing energy storage ecosystem and local manufacturing.

EU chemicals industry recovery is delayed to 2027 amid weak demand, oversupply, and high energy costs. Production fell 1.6 percent in H1 2026, while capacity utilisation stayed at 75 percent.

China issued warnings and tightened export controls on two chemicals, including tartaric acid, adding fentanyl intermediates to prevent illicit drug production and diversion.

INEOS has decided to mothball its three Acetyls plants in Hull due to uncompetitive European gas prices reaching 12 times US levels, threatening manufacturing and jobs while increasing global carbon emissions.

India initiated anti-dumping probes against Chinese glycine and pharmaceutical ingredients, alongside investigations into CPVC resin duty circumvention via other countries, following complaints by domestic manufacturers.

Billionaire Sir Jim Ratcliffe's Ineos is mothballing three chemical plants in Hull, directly affecting 240 jobs, due to UK gas prices being significantly higher than in the US and China.

Assam's government has issued a tender to appoint 20 dedicated tankers at Assam Petro-Chemicals Ltd., Namrup, under a five-year contract. The submission deadline is October 12, 2026, with an EMD of 10,000.