Chemicals News Today

IOCL and MCPI formed a 50:50 joint venture to set up a ₹5,000-crore polyester manufacturing facility in Odisha, aiming to produce 900 tonnes per day of polyester products.

India is unlikely to face major food or fertiliser crises despite global conflicts, driven by strengthened domestic supplies and robust economic growth projected at least 7 percent annually, according to Arvind Panagariya.

China launched an anti-dumping probe into EU chemical imports ahead of trade talks. The 12-month investigation targets low-priced p-nitrotoluene, escalating trade tensions between Beijing and Brussels.

The government approved the BHAVYA Rasayan Scheme in Union Budget 2026-27 to establish three dedicated Chemical Parks. States must submit proposals by November 30, 2026, to boost domestic manufacturing.

China launched an anti-dumping probe into EU p-nitrotoluene imports, citing over 100 percent dumping margins and price drops of nearly 60 percent, impacting domestic producers between 2022 and 2025.

Petrochemical products have driven up the total quotation value at the Turkmen exchange, reflecting strong market demand and increased trading activity within the sector.

The global Zeolite 4A Pellets market is projected to expand at a 4-6% CAGR from 2026 to 2035, driven by rising demand in petrochemical drying, biogas upgrading, and molecular sieve dehydration.

India's chemical sector is recovering with Q1 FY27 revenue up 22 percent, but return on capital will take two to three years to improve due to excess capacity.

The global Diethylene Glycol Monoethyl Ether market is projected to grow at a 3.2% CAGR through 2035, driven by rising demand for low-VOC waterborne coatings and high-purity industrial applications.

India's trade authority recommended anti-dumping duties of up to $218 per tonne on PET film imports from Bangladesh for five years, following similar moves on jute products.