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Hanwha Solutions Chemical Unit Returns to Profit, Eyes Growth

Hanwha Solutions Chemical Unit Returns to Profit, Eyes Growth

Hanwha Solutions' chemical unit returned to Q1 profit with 25% sales growth. The company anticipates continued profit expansion due to improved market conditions and stable demand across chemical segments.
Meghmani Organics Gets Approval for Nano Fertilizer Production

Meghmani Organics Gets Approval for Nano Fertilizer Production

Meghmani Organics received Ministry of Agriculture approval to produce nano fertilizers (DAP, NPK, zinc) at its Sanand facility. Production by Meghmani Crop Nutrition starts in the upcoming Kharif season, using existing infrastructure.
Deepak Nitrite Ties Up with Praxair for HyCO Plant at Dahej

Deepak Nitrite Ties Up with Praxair for HyCO Plant at Dahej

Deepak Nitrite and Praxair India partnered to establish an on-site HyCO plant at Dahej. This supports Deepak Nitrite's upcoming polycarbonate manufacturing, strengthening downstream expansion and enhancing high-value chemical production efficiency.
Ethylene prices slip in Asia

Ethylene prices slip in Asia

Ethylene prices in Asia sharply declined by USD 40/mt, with CFR South East Asia at USD 1305-1315/mt and CFR North East Asia at USD 1275-1285/mt. This fall was driven by plunging naphtha values and weak downstream demand.
India: RINL concludes successful coal tar auction with strategic price reset

India: RINL concludes successful coal tar auction with strategic price reset

RINL Vizag Steel successfully auctioned 840 t of crude coal tar at INR 51,000/t after a strategic price reset. A previous auction failed at INR 57,000/t, leading to rescheduling and a successful sale.
Coal Gasification Strategy: Boosting India’s Chemical Industry and Energy Security

Coal Gasification Strategy: Boosting India’s Chemical Industry and Energy Security

India's chemical industry, facing a $30B trade deficit, eyes coal gasification to boost energy security and reduce import dependence. The strategy aims to produce chemicals like methanol and hydrogen, targeting 100 MT by 2030, fostering Aatmanirbharta and job creation.
Petrochemical News - Polystyrene (PS) prices edge lower in the GCC on subdued demand sentiment

Petrochemical News - Polystyrene (PS) prices edge lower in the GCC on subdued demand sentiment

Polystyrene (PS) prices in the GCC region have decreased due to subdued demand and buyer hesitancy. This softer market sentiment is forcing sellers to offer concessions to clear inventory, putting downward pressure on prices.
LandT Secures (Large*) Order to Reinforce India’s Energy Security Through Coal Gasification

LandT Secures (Large*) Order to Reinforce India’s Energy Security Through Coal Gasification

L&T secured a large order from BCGCL for a Coal-to-Ammonia-Nitrate plant in Odisha. This LSTK project will produce 2,000 tonnes/day of ammonium nitrate, boosting India's energy security and self-reliance, aligning with the 100 MT coal gasification target by 2030.
LandT bags 'large' BCGCL order for coal-to-chemicals plant in Odisha, 2,000 TPD capacity

LandT bags 'large' BCGCL order for coal-to-chemicals plant in Odisha, 2,000 TPD capacity

L&T secured a 'large' order from BCGCL for a 2,000 TPD coal-to-ammonium nitrate plant in Odisha. This project supports India's 100 MT coal gasification target by 2030, boosting self-reliance and reducing imports.
PennWhite Opens Manufacturing Facility In Chennai

PennWhite Opens Manufacturing Facility In Chennai

PennWhite India, a PennWhite UK subsidiary, inaugurated a foam control chemistry manufacturing facility in Chennai on April 29, 2026. Built in 18 months, it serves India and Asia, marking a strategic investment and expansion in the region.

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