Chemicals News Today

LG Chem implements AI and drones across production, quality management, and administration, reducing industrial accidents, automating flare stack controls, and cutting legal review time by up to 30%.

Petrochemical capacity continues to outrun market demand, leading to an extended industry downturn driven by oversupply conditions.

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.

Asia's propylene market faces tighter supply and price volatility by 2027 as downstream demand outpaces capacity growth, impacting ongoing term contract negotiations and plant operations.

Maharashtra proposes a 2,500 to 5,000-acre chemical park near Vadhvan Port under the Grand Chemical Park scheme, backed by central and state funding, to boost manufacturing and attract investments.

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.