Chemicals News Today

The Union Cabinet approved a Rs 2,814 crore scheme to build domestic lithium and nickel processing facilities, offering capital subsidies up to 30% to reduce import dependence by FY31.

Shree Pushkar reported a 96.1% surge in Q2 FY27 net profit to Rs. 35.7 crore and a 58.2% revenue increase to Rs. 403.5 crore, alongside a planned Rs. 70 crore chemical plant expansion.

The Union Cabinet has approved a 2,814 crore ($297 million) incentive policy to boost the processing of critical minerals, aiming to enhance the industrial sector.

Global commodity chemicals will grow through 2035, driven by polymers and fertilisers. However, the energy transition and capacity shifts will impact regional competitiveness and market stability.

The British Textile Machinery Association targets India ITME 2026, featuring over 1,800 exhibitors and 150,000 visitors, to boost UK-India industrial partnerships, exports, and textile manufacturing automation under a new free trade agreement.

DCM Shriram is investing in expanding its business through new production lines for specialty PVC, medical grades, HFFR grades, along with electrolyzers and solar power.

Deepak Nitrite achieved triple profit growth in fiscal Q2 ended September 30, driven by agile operations and a robust domestic base that successfully navigated volatile global markets.

China's polypropylene prices surged to a historic high of Yuan 11,658 per ton in early November, marking a 77.47% year-on-year increase driven by soaring geopolitical costs and domestic supply contraction.

Asian styrene monomer prices plunged by USD 65/mt to USD 1405-1415/mt FOB Korea, driven by weaker crude oil, softer benzene values, and sluggish regional demand.

Adperma's ₹6,000-crore Haldia plant in West Bengal will start commercial phenol and acetone production in December, featuring annual capacities of 3.45 lakh tonnes and 2.15 lakh tonnes respectively to reduce import reliance.