Chemicals News Today

PMFAI's 57th AGM focused on India's agrochem future, stressing domestic manufacturing, global exports, and policy. Key discussions included a landmark patent victory for generics, climate challenges, and export slump, aiming for India as a global sourcing hub.

Tex Year Technologies India opened its second Mahad facility, boosting adhesive production for home furnishings and appliances. Annual capacity surged from 3,400 to 10,000 tons, aligning with 'Make in India' and sustainability for modern homes.

Anupam Rasayan will acquire US-based Jayhawk Fine Chemicals for ~$150 million (Enterprise Value ~$134 million). Jayhawk posted ~$78 million revenue and ~$15 million EBITDA...

Industrial sector exports rose 9% to JD 6.393 billion in the first nine months. The chemical and cosmetics industry led with JD 1.448 billion, also up 9%, followed by leather, engineering, and mining sectors.

Mizoram targets 100% LPG home delivery in all district HQs by March next year and notified towns by September. Currently, 5 of 11 district HQs are covered, with 36,031 families receiving free gas connections under Ujjwala Yojana.

DCM Shriram and Bayer CropScience partnered via an MoU to advance Indian agriculture. They will focus on sustainable innovation, comprehensive crop solutions, digital platforms, and farmer-centric programs like soil health and carbon sequestration.

IG Petrochemicals (IGPL) completed its acquisition of IG Biofuels, making it a wholly owned subsidiary effective December 9, 2025. This strategic move, announced May 2023, expands IGPL into the biofuels sector.

IOCL has introduced a special incentive scheme for its PE grades applicable for December 2025. Under this scheme, HDPE (P/NP) and LLDPE (P/NP) buyers will receive incentives based on their APP lifting levels, with three slabs—75%, 100%, and 125%—marked as X1, X2, X3 for HDPE and Y1, Y2, Y3 for LLDPE. The exact incentive values will be announced in January 2026. Additionally, the APP upper cap has been relaxed for PE and Flexi APPs for the month of December. Grade-wise variations in incentives will apply.

China's acetone capacity is expanding significantly, with 910,000 tonne/year added by 2025, continuing through 2030. Slower downstream growth will widen export markets for the industry.

- Global ethylene supply has exceeded demand by nearly 15%, prompting the KPC CEO to warn that about 20 plants may need to shut down as the industry enters a structural shift. - Kuwait is evaluating the addition of a fourth olefins train following new gas discoveries and is exploring petrochemical investments at the Al-Zour refinery and the Duqm JV in Oman, while ruling out any LNG export plans. - Oman’s OQ has signed agreements worth $70 million to boost conversion of locally produced polymers from its Liwa plant into value-added products. - BASF has partially commenced operations at its Zhanjiang petrochemical complex in China, with several downstream units already online, though the CEO noted a slight dip in optimism regarding the US chemicals market. - Meanwhile, Sabic’s CEO emphasized the need for stronger collaboration to tackle global petrochemical overcapacity, as GCC output capacity grew 5.7% year-on-year but regional revenues declined and global rankings weakened.