Chemicals News Today

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has awarded a nitric acid technology contract to Thyssenkrupp for its Bharuch plant, which will have a production capacity of 600 metric tons per day. Additionally, GNFC has implemented Clariant’s nitrous oxide removal technology at its nitric acid facility, aiming to reduce CO2e emissions by approximately 520,000 metric tons per year.

The EU is considering a 25% tariff on US polyethylene imports as a countermeasure, raising concerns in the market. While producers remain optimistic, converters worry about supply availability.

INEOS has shut down its Ethylene Glycols (EG) unit in Antwerp, Belgium, for planned maintenance from March to April 2025. The unit has a production capacity of 290,000 tons per year.

Sinopec has lowered its domestic Benzene list prices in China by CNY 350/MT, setting the new price at CNY 6,600/MT on an EXW basis.

The Gujarat High Court has temporarily barred authorities from issuing the final anti-dumping duty (ADD) order on Polyvinyl Chloride (PVC) Suspension Resins. The court has imposed a four-week stay, with the next hearing set for April 30, 2025.

Propylene prices in China dipped to USD 815-825/mt, down USD 5/mt, despite stable Asian prices. Zibo Haiyi Fine Chemical's 250,000 mt/year PDH plant in Shandong shut down for maintenance.

Global Sulfo J Acid market projected to reach $57.4 billion by 2032, growing at 8.5% CAGR, driven by demand in dyes, pigments, and pharmaceuticals.

Kerala-based Bio-Aryavedic Naturals, incubated by KSUM, launches Albedon, a bio-polymer fabric stiffener spray. The eco-friendly product enhances fabric durability and hygiene.

S&P Global launched mixed plastic waste price assessments for the US and Europe, aiming to boost chemical recycling of polyolefins and transparency in the circular economy. US pyrolysis-based recycling capacity could reach over 600,000 mt/year by 2027.

Sodium Methoxide prices have decreased by ₹1 per kg amid a slowdown in biodiesel production and fiscal year-end lulls. The supply remains stable, but unfavorable economics challenge manufacturers. Industry experts suggest a cautious approach due to fluctuating market conditions.