Chemicals News Today

IPA prices in India continue to decline, driven by weak demand, excess inventory, and lower replacement costs despite Anti-Dumping Duty. Domestic and imported supplies remain robust, contributing to price pressure. Crude oil prices fell by 2.45%, while natural gas prices slightly increased.

A consortium of Samsung E&A and CTCI has won the $418m contract to build ethylene storage facilities for the estimated $6bn Ras Laffan petrochemicals complex

China's Sinopec has begun operating a new ethylene complex in northern China, a development that will boost domestic production of the key petrochemical.

Bioplastic patent filings reached 600+ in 2022, 10% higher than 2021. PHAs, a promising bioplastic, saw a 58% growth in patents.

Mitsui Chemicals touts Mipelon as a PTFE replacement, offering similar or better performance in plastics, rubbers, paints, and coatings, withstanding temperatures up to 120°C (200°C for PM200C).

Jakson Green and NTPC successfully synthesized methanol from captured carbon dioxide at NTPC's Vindhyachal Thermal Power Plant.

Lubrizol and Polyhose join forces to establish a medical manufacturing facility in Tamil Nadu, India, increasing local medical tubing production by five times.

Balaji Amines Limited has announced four new projects to be commissioned in FY25, including Electronic Grade DMC, Propylene Glycol Pharma Grade, Dimethyl Ether, and N-Methyl Morpholine (NMM).

Indorama Ventures, a global sustainable chemicals company, has acquired Cargill Bioindustrial UK Limited's two leading brands in the energy extraction sector, targeting Demulsifiers and Flow Assurance products. The acquisition includes valuable trademarks, customer relationships, 25 patents, tolling rights, and an R&D facility in Houston, Texas. These products are vital for demulsification and flow assurance processes, addressing critical challenges in energy extraction and enhancing operational efficiencies for customers.

SMC Global acquires International Chemicals, merging Oilfield business, expanding portfolio for Oil & Gas, Produced Water Treatment industries.