Chemicals News Today

PTTGC and SCGC agreed on a joint venture combining Thai olefins and polyolefins businesses, targeting a 56%-44% stake split, completion by H2 2027, and annual benefits of $150-$200 million.

SCC and PTTGC agreed on a THB186.5 billion Thai petrochemical joint venture, combining businesses with PTTGC holding a 56% stake and SCGC 44%, targeting annual synergies of THB5.1 to 6.8 billion.

Prime Minister Modi has urged expedited land acquisition for the Errupalem-Amaravati-Namburu railway line and accelerated work on the Nakkapalli Bulk Drug Park, targeting project completion by December.

Adani Enterprises targets 80-85% utilization at its Mundra copper smelter by FY27, projecting long-term EBITDA margins of 4-6% amid strong domestic demand and secured concentrate supplies.

The Middle East polyvinyl pyrrolidone (PVP) powder market is projected to grow at 4-7% annually through 2035, driven by rising pharmaceutical, personal care, and industrial formulation demands relying heavily on imports.

Germany's dehydrogenation catalysts market is projected to grow at 4-6% annually through 2035, driven by replacement cycles and petrochemical demand, despite high energy costs and operational challenges.

The Government of Assam has issued a tender for manpower services at Assam Petro-Chemicals Limited in Namrup. The 731-day contract requires a tender fee of INR 9,850 and an EMD of INR 9,85,000.

India’s chemical market shows a mixed-to-firm outlook, led by strong methanol momentum, improving styrene sentiment and firm toluene benchmarks. Brent crude at $115.20–$115.68/bbl, up 1.4–1.5%, alongside Middle East security risks and higher Strait of Hormuz shipping and insurance costs, supports upstream pricing. However, heavy port arrivals and healthy local inventories are limiting immediate supply pressure across several imported chemicals.

Belagavi farmers halted sugar sales and transportation from factories, demanding the Union government revise the Minimum Selling Price to ₹60 and secure ₹5,500 per tonne of sugarcane.

Odisha is transforming into India's next chemical hub, aiming to scale up to a $1 trillion sector by 2040 through dedicated coastal clusters, coal-to-chemicals initiatives, and major industrial investments.