Chemicals News Today

Meghmani Organics' subsidiary secured approval to manufacture Nano DAP, NPK, and Zinc fertilizers. Production starts this Kharif season at its existing Gujarat facility with no extra capital expenditure, strengthening its sustainable agriculture position.

NMDC and SAIL will auction over 10,000 tonnes of crude coal tar in early May. NMDC Nagarnar will auction 1,500t on May 6, while SAIL Durgapur will auction 8,800t on May 7.

N-Butanol prices today declined in both India and China due to weakening cost support from falling propylene prices and subdued downstream demand. Market sentiment remains cautious, with buyers adopting need-based purchasing. In the near term, prices are expected to stay weak and range-bound amid balanced supply and limited demand recovery.

The Vibrant Gujarat Regional Conference attracted $37.12 billion in investment commitments through 2,792 MoUs, projecting 2.82 lakh jobs in South Gujarat. Key sectors like textiles, chemicals, and manufacturing are set to boost regional economic growth.

Kolkata auto fares jumped 20-40% due to LPG price spike (₹89.4/litre), causing "anarchy" for commuters. Services are hit, with only 30% autos plying and arbitrary hikes amidst no official revision.

The government has approved the G2G purchase of 60,000 tons of Urea and 20,000 tons of DAP chemical fertilizers from India. This aims to resolve delays from global tenders, ensuring timely supply.

The petrochemicals market is projected to reach $996.1 billion by 2034 (4.40% CAGR), fueled by industrial demand, AI integration, and Asia Pacific's dominance. Strategic investments and green technology adoption are key drivers.

Hyderabad restaurants face a gas crisis, with commercial cylinder prices hiked by Rs 1,000 to Rs 3,400. This surge, plus black market premiums, forces biryani and chai outlets to raise prices by up to Rs 50, impacting consumers.

Bengaluru's restaurant sector faces severe financial strain due to a sharp LPG price hike. Eateries grapple with rising operational costs, forcing choices between absorbing expenses, raising menu prices, or cutting operations, impacting post-pandemic recovery.

India's ethanol blending push faces a severe water crisis. Producing one litre of ethanol from rice needs 10,790 litres of water, maize 4,670, and sugarcane 3,630. This strains groundwater, risking depletion in 21 major cities by 2030, despite 1,822 crore litres capacity.