India is set to add 126.87 mtpa of polyolefins capacity by 2030. – Industry & Global Market News Digest, 24 Mar 2026

Geopolitics & conflict

Gulf crisis slashes Surat textile output as costs and shortages bite.

Petrochemical shutdowns rock Asia as the naphtha crisis sparks a market plunge.

Korea moves to curb naphtha exports as shortage fears intensify.

South Korea fears domino shutdowns as the Hormuz blockade chokes naphtha.

Jefferies warns the Middle East conflict could squeeze India’s chemical margins.

Trade & policy

India is set to add 126.87 mtpa of polyolefins capacity by 2030.

Lotte dodges cancelling 27.5% treasury stock through a charter overhaul.

Markets & pricing

Japan rubber rises as costly synthetics drive substitution demand.

Natural rubber demand is projected to grow 3.6% on the back of the auto and EV push.

Corporate moves

Huntsman opens an expanded Hungary facility to meet surging global demand.

WACKER expands India silicone emulsions capacity and adds 60 jobs.

Rs. 177 crore is spent at MP plastic parks, generating just 274 jobs.

Innovation & technology

Godavari Biorefineries wins a Japan patent for antiviral compounds.

Nagaland researchers develop a biodegradable plastic alternative from fish-waste bacteria.

SAPPMA spotlights EPS geofoam to reduce loads on plastic pipes.

Innovia unveils recyclable mono-material polypropylene films for Interpack 2026.

Sustainability & recycling

BASF shifts its acid chlorides portfolio to renewable electricity, cutting carbon emissions by 19%.

Regulatory & safety

A chemical leak at Tarapur hospitalises 17 in the second incident this month.

Aarti Pharmalabs says the Tarapur leak is contained, with 22 workers hospitalised.