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Indian chemical industry news
23 April 2026
Dow Q1 2026 results
Q1: Net sales $9.8B (-6%); volumes -2%; local price -7%. GAAP loss $445M; operating EBIT $154M. Cash from ops $1.1B aided by NOVA payment. Sadara equity loss recognition suspended.
23 April 2026
POLYVANTIS Debuts PLEXIGLAS in India
Adds PMMA and polycarbonate thermoplastics to the portfolio: high-performance alternatives for roofing, façades and skylights — durable, lightweight, low‑maintenance, UV/fire‑resistant.
22 April 2026
Rompetrol Rafinare’s Vega Ploieşti starts 60%‑purity hexane production
Unit optimizations enable higher‑purity hexane suited for oil extraction, adhesives, paints and degreasing; ~150 t/day capacity, boosts extraction yields and shortens processing time.
20 April 2026
thyssenkrupp Uhde wins FEED for Brunei Fertilizer Industries ammonia export expansion
Designs cryogenic ammonia tank, jetty, pipelines and ship‑loading systems for large‑scale exports; integrates with existing complex to enable safe, reliable operations and new market access.
17 April 2026
AkzoNobel to sell Pakistan business to Packages Group
Deal values unit at PKR 16.2bn (~€50m) at 14x EV/EBITDA. Includes Decorative Paints; Future Coatings will pay royalties. Closing expected H2 2026, subject to conditions.
16 April 2026
Lilly ACHIEVE‑4 confirms Foundayo cardiovascular safety and cardiometabolic benefits
ACHIEVE-4: Foundayo non-inferior vs insulin glargine for MACE-4 (HR 0.84); improved A1C (-1.6 vs -1.0) and weight (-8.8% vs +1.7%) at 52 wks; 57% lower all-cause death; GI AEs; FDA filing planned.
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13 April 2026
Petrobras greenlights SEAP I FID and advances contracting of two Sergipe‑Alagoas platforms
SEAP II FID had been approved earlier. SBM Offshore to build two BOT FPSOs with combined 240,000 bbl/d and 22 MMm3/d gas. Contract signing May 2026; production ~2030/2031; investment >R$60bn.
6 April 2026
Velocys and Varhad Capital MOU to develop Make‑In‑India biomass‑to‑SAF
MOU to develop Make‑In‑India biomass-to-SAF projects using operational gasification and Fischer–Tropsch tech; hub‑and‑spoke model for distributed, cost‑competitive, low‑carbon SAF
6 April 2026
James Robinson Speciality Ingredients and Mitsui Fine Chemicals partner to distribute Jarocol® hair dyes in Japan
Exclusive distribution of a hair-dye range; offers formulators colours from grey coverage to vibrant fashion shades, with technical support and local market expertise.
2 April 2026
FDA approves Lilly's Foundayo (orforglipron), oral GLP‑1 for anytime dosing
Oral GLP‑1 produced ~12% mean weight loss (~27 lb) at 72 weeks in Phase 3. Available via direct home delivery with low‑cost copays; carries thyroid tumor and GI side‑effect warnings.
2 April 2026
Coolbrook partners with Doncasters to manufacture RDH aerofoil castings
Supports first commercial heater demo at Adani Cement (India), advancing electrified high-temp process heating to cut heavy-industry CO2 by up to 30%; UK casting output to scale.
31 March 2026
Breakwall Capital, Vitol Close Valor Mining Credit Partners II
New mining credit fund focusing on structured, event-driven financing for mining and critical minerals. First deal: $520M loan to back a US iron-ore mine and pellet plant; project has $2.2B+ invested.
30 March 2026
UPM opens Adhesive Materials terminal near New Delhi
New slitting and distribution terminal near New Delhi to boost service in Northern and Eastern India with tailored inventory and short lead times; complements Mumbai terminal; operations start Q3 2026.
27 March 2026
Eastman raises ester prices effective April 1, 2026
isobutyl acetate +$0.15/lb (NA, LatAm), +$0.28/lb (APAC); n-butyl (excl Eastapure) +$0.15/lb (NA, LatAm); n-propyl +$0.15/lb (NA, LatAm). Cited higher raw-material and energy costs.
27 March 2026
Fondazione MAIRE presents Climate Goals study in Berlin
Fourth edition of Climate Goals study shows Germany as highly aware, pragmatic on energy transition; emphasizes technical focus, workforce upskilling, and shift of momentum toward emerging economies.
23 March 2026
WACKER expands silicone emulsion production in India
New Panagarh GMP-certified silicone emulsion plant boosts local capacity, adds 60 jobs, serves cosmetics/personal-care customers, lets Amtala shift toward R&D and innovation.
20 March 2026
FUCHS posts solid FY 2025 results
FY2025: sales €3.56bn, EBIT €435m; EPS +2%; dividend +5% to €1.23/€1.22; free cash flow €316m. 2026 outlook: sales ~€3.7bn, EBIT ~€450m
19 March 2026
Croda opens Dahej manufacturing facility in India
New Dahej plant boosts supply for Life Sciences, Consumer Care and Industrial sectors; uses low‑carbon power, ZLD, RSPO feedstocks, advanced ops, safety focus and women-led packaging.
17 March 2026
Aptar appoints Gael Touya CEO effective Sept 1, 2026; Stephan Tanda to retire end-2026
Gael Touya, a 30-year veteran, led the Pharma unit’s transformation (~82% sales growth) and has global commercial and operational experience. Tanda raised margins, EPS and sustainability.
11 March 2026
Elkem Restructures and Cuts Costs to Boost Competitiveness
Elkem introduces a new structure, reduces workforce by 300, and cuts costs by NOK 1.9 billion to enhance profitability amid market challenges.
9 March 2026
Infineum Opens New Blending Facility in India
The new facility in Patalganga enhances supply reliability, supports local manufacturing, and aligns with India's growth and sustainability goals.
6 March 2026
Silox Acquires BASF's Hydrosulfite Assets
Silox strengthens its position in paper and textile industries by acquiring BASF's hydrosulfite assets, enhancing service to European customers and expanding global market presence.
4 March 2026
Topsoe's 2025 Financial Results Meet Expectations in Tough Market
Revenue reached DKK 8,197 million. EBIT margin at 8.9%. SAF projects in China. New CEO from March 2026. 2026 outlook: revenue DKK 7,600-8,400 million, EBIT margin 0.0-5.0%.
27 February 2026
CABB Group Sells Jayhawk Fine Chemicals to Anupam Rasayan
CABB shifts focus to Pharma and Life Science, selling Jayhawk for $150M. Anupam Rasayan aims to expand its US presence and performance materials business.
26 February 2026
Veolia Expands in India with Major Mumbai Water Projects
Secures 15-year contracts for Mumbai's largest water plants, enhancing water security and efficiency with advanced tech, aiming to double India's revenues by 2030.
25 February 2026
Vopak Announces Record 2025 Results and EUR 1.7 Billion Shareholder Program
Net profit rose 61% to EUR 604M. Operating cash flow hit EUR 823M. EUR 4B investment by 2030 planned. EUR 1.1B in growth projects underway. Energy transition projects worth EUR 200M in progress.
20 February 2026
Uniper and GSPC Sign LNG Supply Deal
Starting 2028, up to 0.5 MTPA LNG will be delivered to India's west coast, enhancing energy ties and addressing supply-demand gaps.
15 February 2026
Westlake Epoxy Expands Partnership in India
The partnership extends to South and West India, enhancing access to epoxy solutions for CASE and construction markets with local expertise and reliable supply.
11 February 2026
BASF Enhances Global Business Services with New Hubs
BASF consolidates Finance and HR in India, Supply Chain in Malaysia, to boost cost efficiency and service delivery, while maintaining regional operations for proximity.
10 February 2026
Brenntag Opens Nutrition Innovation Center in India
The new center enhances technical capabilities, speeds up product development, and strengthens collaboration in food and beverage sectors across the region.
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