Chemicals News Today

Reliance Industries Limited (RIL) has announced a price revision for its polymer products. Polypropylene (PP): Prices have been increased by ₹1 per kg. Polyethylene (PE) (effective 12th January 2026): Prices of all HDPE and LLDPE grades have been raised by ₹1,000 per MT. LDPE grades 22FA002 and IM 16MA400 are also up by ₹1,000 per MT, while other LDPE grades remain unchanged.

Korea's petrochemical industry faces a severe glut, with output cut by 30%. Global ethylene capacity is rising to 253 million tons next year, driven by China and the Middle East, pushing profitability below break-even levels.

BPCL flagged off the first 1G Bio-Ethanol tanker from Bargarh Refinery to Raipur Depot, boosting India's EBP program and domestic biofuel production. This aligns with 'Atmanirbhar Bharat' for energy security and green growth.

Budget 2026 eyes a customs amnesty scheme to resolve over Rs 1.5 lakh crore in disputes, rationalise duties, and lower tariffs on raw materials. Reforms target electronics, textiles, chemicals, and aim for simplified, digital customs processes.

The Vibrant Gujarat Regional Conference in Rajkot featured a seminar on plastic waste management. CIPET Ahmedabad presented on compostable plastics and testing as per IS/ISO 17088:2021 for CPCB certification, emphasizing environmental protection.

Micro-fertiliser industry seeks uniform 5% GST on all fertilisers, faster credit refunds, and a unified licensing system from the government. This aims to ease working capital, prevent inverted duty issues, and improve ease of doing business.

India's Pesticides Management Bill, 2025, seeks to replace the 1968 Insecticides Act, modernizing regulation. It establishes committees but faces concerns over weak liability, limited state powers, and no price control. Public feedback is open until Feb 2, 2026.

Turkish chemical exporters target $35 billion in 2026, building on $31.9 billion in 2025. The sector, accounting for 13.5% of Türkiye's total exports, reached 238 countries, with plastics leading.

Turkmenistan's State Commodity and Raw Materials Exchange saw a slight drop in external quotations, primarily in petrochemicals and light industry sectors, while other categories remained stable, reflecting shifts in trade dynamics.

RP-Sanjiv Goenka Group's growth focuses on FMCG, chemicals, and tech, with renewables as a core pillar. Plans include wind-solar hybrid, FDRE, battery storage, and solar manufacturing. They target India's 4% global chemicals market share.