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Indian chemical industry news
14 May 2026
LanzaTech Q1 2026 Results
Q1: closed $30M equity raises (plus up to $20M option), going‑concern resolved; revenue $12M; net loss narrowed to $14.7M; Adj. EBITDA loss $7.9M; OpEx down 59%; India, UK, Japan milestones.
8 May 2026
Clariant Q1 2026: Resilient performance amid Middle East conflict
Q1 sales down 2% (CHF918m); EBITDA margin fell to 17.5% (-130bp). Free cash-flow conversion rose to 54%. CHF80m savings program on track; 2026 guidance unchanged amid conflict
7 May 2026
Statkraft Q1 results strong despite lower production
Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
4 May 2026
DOMO Engineered Materials acquired by Lone Star Funds; TECHNYL® included
Fund affiliate buys engineered materials unit: three EU plants, global subsidiaries, IP/brand, sales, application center and masterbatch ops; Belle Étoile excluded; leadership continuity planned.
2 May 2026
thyssenkrupp AG, Jindal pause talks on thyssenkrupp Steel stake
Steel unit's outlook improves after restructuring and IG Metall agreement; EU trade protections and CBAM increase stability. Goal: autonomous, profitable steel business; parent may keep minority stake
30 April 2026
Umicore Q1 momentum points to ~€1bn adjusted EBITDA in 2026
Strong Q1: Catalysis and Recycling strong; Specialty led by cobalt; CAM volumes modest, take‑or‑pay compensation; anode JV in place; capex up; leverage <2x
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29 April 2026
Biosimilars: stricter expectations for elastomeric closures
Originator-level assessment required (functionality, E&L, CCI). Supplier data can't replace system-level testing. Risks: format migration, dual-market filings. Adopt platform approach; decide early.
29 April 2026
UPM Q1 2026: Strong start led by decarbonization solutions
Q1 sales €2,505m; comparable EBIT €274m (-5%); operating cash flow €89m; net debt €2,962m. Energy and biofuels strong. H1 comparable EBIT guidance €325–525m.
27 April 2026
Brenntag Specialties to distribute Shinehigh supramolecular actives
Exclusive global (ex-Russia) distribution for supramolecular actives in beauty & personal care across Europe, Americas, India and Vietnam; offers deeper penetration and validated efficacy
27 April 2026
Evonik and Higuchi open joint lab in Yokohama
New Yokohama lab gives local formulators hands-on access to EUDRAGIT polymers, formulation support and technical services to speed oral drug development and boost regional innovation.
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.
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.
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