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Chemicals News Today

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Asia top stories – weekly summary

Asia top stories – weekly summary

Latest Market News Of Chemicals

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PM to unveil projects worth ₹18,777 crore during Gujarat visit on June 5

PM to unveil projects worth ₹18,777 crore during Gujarat visit on June 5

infra.economictimes.indiatimes.com

PM Modi will unveil development projects worth ₹18,777 crore in Gujarat on June 5. These include GIDC and NHAI infrastructure, such as expressway sections, pipelines, roads, and a bulk drug park, aiming to boost regional growth.

114

Reverse lagging drives Korea petrochemicals toward second-half losses - CHOSUNBIZ

Reverse lagging drives Korea petrochemicals toward second-half losses - CHOSUNBIZ

Korean petrochemicals face second-half losses from "reverse lagging" due to high-priced imports and China-led oversupply. Ethylene-naphtha spread is $199 (break-even $200). Q1 profits reversed; Lotte Chemical projects Q3 loss of 47.4B won.

Russian Firms Invited to Invest in AP’s Chemicals, Semiconductor and Smart Mobility Sectors

Russian Firms Invited to Invest in AP’s Chemicals, Semiconductor and Smart Mobility Sectors

deccanchronicle.com

Nara Lokesh sought Russian investments for AP's chemicals, semiconductor, and smart mobility sectors. He invited Ruschem for a chemical plant and Element Group for semiconductor units, also exploring advanced transport systems during his second-day Moscow visit.

113

Japan moves to secure petrochemical supply after fiscal 2026

Japan moves to secure petrochemical supply after fiscal 2026

nationthailand.com

Japan will secure petrochemical supply post-fiscal 2026 by boosting toluene supply 1.8 times and creating direct distribution channels for paints, thinners, and plastics. Naphtha supply is at 85% of pre-crisis levels, ensuring stability.

48

| Naphtha drops 24% as feedstock weakness reaches yarns

| Naphtha drops 24% as feedstock weakness reaches yarns

fibre2fashion.com

Naphtha prices plummeted 24% as feedstock weakness impacted the petrochemical value chain, leading to downward repricing of aromatics and olefins. While polyester yarn prices remained sticky, Nylon 6 DTY continued to weaken.

16

This Weird Ethanol Motorcycle From India Might Make More Sense Than EVs For Half The Planet

This Weird Ethanol Motorcycle From India Might Make More Sense Than EVs For Half The Planet

autos.yahoo.com

Hero MotoCorp's E100 ethanol motorcycle, India's first, offers a practical alternative to EVs for developing nations. Adapting reliable platforms, it uses local fuel, reduces oil dependence, and leverages existing infrastructure, addressing challenges EVs face in these regions.

NCLT Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable

NCLT Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable

NCLT approved the merger of Buildtech Products India with Thermax, effective April 1, 2025. This consolidates the construction chemicals business, aiming for operational synergies and simplified group structure.

77

IIT Madras, IISc scientists solve 70-year chemistry puzzle with carbon-free molecule

IIT Madras, IISc scientists solve 70-year chemistry puzzle with carbon-free molecule

IIT Madras and IISc scientists solved a 70-year chemistry puzzle, synthesizing a stable carbon-free molecule resembling ferrocene. This breakthrough broadens molecular design, potentially impacting electronics, energy, and materials science.

1212

Epsilon Carbon recertified under Responsible Care

Epsilon Carbon recertified under Responsible Care

indianchemicalnews.com

Epsilon Carbon secured Responsible Care recertification by ICC until March 2029 for its Vijayanagar complex, producing 215,000 TPA carbon black and 220,000 TPA specialty carbon. This assures operational integrity, market access, and customer trust, supporting growth.

67

HOCL shuts Kochi hydrogen peroxide plant amid weak demand, rising input costs

HOCL shuts Kochi hydrogen peroxide plant amid weak demand, rising input costs

manufacturing.economictimes.indiatimes.com

HOCL temporarily shut its Kochi hydrogen peroxide plant on June 3, 2026, citing weak demand and rising input costs. This aligns with broader economic concerns, including geopolitical tensions impacting MSMEs and RBI's 6.9% GDP growth projection for 2026-27.

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