Chemicals News Today

IMFA expects significant gains from its ₹610 crore Odisha plant acquisition, boosting ferro chrome output from 260,000 to 400,000 tonnes by FY27. Its ethanol project also targets ₹250 crore revenue in FY27.

Milliken unveiled next-gen polymer innovations at PlastIndia 2026 (Feb 5-10), showcasing technologies like Millad ClearX 9000 and Hyperform HPN. These aim to boost efficiency, performance, and sustainability in plastics, helping manufacturers achieve production goals.

Jeet Adani announced a Rs 70,000-Cr coal gasification and chemical project near Nagpur, creating 30,000 jobs. This project aims to boost India's energy self-reliance and position Nagpur as a global hub for advanced chemical manufacturing and clean-energy technologies.

The virtual US Embassy in Iran has advised all American citizens to leave the country immediately amid escalating geopolitical tensions. In its latest advisory, the embassy warned of heightened security measures, possible road closures, internet disruptions, and flight cancellations, urging nationals to depart without delay. Meanwhile, market sentiment in the domestic chemical space remains firm, with methanol prices expected to edge higher in the second half of the day, supported by cautious buying and tightening supply outlook.

Acetone basic prices have been revised upward by ₹2,000 per metric tonne, effective 06 February 2026. Revised price levels are as follows: Bulk: ₹91,500 PMT Packed: ₹1,04,500 PMT The price prevailing on the date of dispatch will be applicable for all orders.

SIT revealed Bhole Baba Dairy used 8,900 kg of LABSA, a toilet cleaning chemical, and 57.56 lakh kg of cheap oils to adulterate ghee for Tirupati Laddus. This harmful chemical poses severe health risks.

Jeet Adani announced a Rs. 70,000 crore clean energy complex in Vidarbha, Maharashtra, creating 30,000 jobs. This Integrated Coal Gasification and Downstream Derivatives Complex aims to boost India's energy independence and clean manufacturing, strengthening the region's infrastructure.

RSPL Group's SOKA unit doubled its soda ash capacity to 1 million tons per annum in Gujarat after environmental clearance. This expansion, creating 2000 jobs, advances 'Make in India' and strengthens solar glass production, boosting domestic industrial supply.

Styrene monomer (SM) prices declined in Asia, with FOB Korea at USD 980-990/mt (down USD 10/mt) and CFR China at USD 975-985/mt (down USD 15/mt). Weaker crude and benzene (down USD 5/mt) drove the fall.

Technip Energies secured major BPCL contracts for refinery expansion in Bina and Mumbai. Projects include new Butene-1 (50 KTPA) and polypropylene (550 KTPA) units, and India's first PRFCC unit, boosting capacity.