Chemicals News Today

Asian Styrene Monomer prices plunged by USD 60/mt, with FOB Korea at USD 1330-1340/mt and CFR China at USD 1290-130/mt, driven by weaker benzene feedstock and sluggish buying activity.

Vipul Organics' Adimem unit has successfully acquired a membrane manufacturing platform from Aquaporin, expanding its production capabilities and operations at the Sayakha facility.

Acutaas Chemicals has launched a new pilot plant in Surat featuring OEB-4 containment capabilities to manufacture high-potency active pharmaceutical ingredients.

China's polypropylene spot prices surged past Yuan 10,000/t in September, hitting a five-year high driven by soaring costs, geopolitical conflicts, and plant maintenance, despite weak end-user demand.

Asian Paints commissioned its new 150,000 metric tons/year VAE plant in Dahej, Gujarat, as part of a 32.5 billion Indian rupee project to boost captive paint manufacturing operations.

Setting up an ethylbenzene production plant requires analyzing CapEx, OpEx, and market growth. The global market is projected to reach 46.83 million tons by 2034, driven by rising plastics demand.

Egypt's ECHEM produced 4.6 million tons of petrochemicals and recorded $2.6 billion in revenues for FY 2025/26, with exports reaching $1.8 billion across 50 countries.

South Korea's Lotte Chemical halted a ₩77 billion recycling investment, cancelling ₩60.4 billion in remaining expenditures and idling its facility to preserve cash amid an industry downturn and Chinese oversupply.

Samir Somaiya assumed office as ICC President, aiming to boost India's $220 billion chemical industry toward a $1 trillion goal by 2040 through global competitiveness, innovation, and collaboration.

Ayana Bio and Zenfold acquired Meati Foods' fermentation assets worth millions for just $75,000 to scale plant cell culture platforms and production timelines in India.