News & Bulletin Updates

8To meet growing demand from environmentally concerned customers, the chemical company introduces a bio-based alternative and increases manufacturing of high-index lens monomers

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8A leading private equity firm recruited a veteran chemical industry CEO as an advisor to drive new investments and support portfolio companies

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8A leading flexible packaging manufacturer acquired a chemical recycling tech company to strengthen its commitment to the circular economy and establish itself as a pioneer in the field

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8The petrochemicals industry is facing a secular shift, not a temporary downturn, and South Korea's PP export decline highlights the urgency for producers to adapt

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8The company has announced changes in its senior management team effective January 2024, find out more in the attached report

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8An oil and gas leader won a major contract to integrate subsea CO2 capture and injection technology in a pre-salt field

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8To grow from research and development to pilot and production sizes, a leading provider of chemical processing solutions purchased a flow reactor manufacturer

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8The city enacted a one-year moratorium on waste-to-fuel facilities citing safety, environmental concerns, and community opposition

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8An Indian chemicals leader and a diversified natural resources giant signed a non-binding MOU to explore collaboration in caustic soda and other allied businesses

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8An Indian pharmaceutical company's outlook improved due to strong market share in a key antibiotic segment, offset by dependence on mature molecules and volatile raw material prices

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8A petrochemical giant rebranded and diversified into chemicals and infrastructure, aiming to be a growth partner for the nation's strategic sectors

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8This is a biography of a successful Indian entrepreneur who led a chemical company to become a market leader in the sector, focusing on sustainable practices and social responsibility

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8An infrastructure solutions company acquired a composite ground protection leader to expand its product offerings and capitalize on infrastructure investment tailwinds

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8A global polymer solutions company acquired a leading South Korean manufacturer of precision semiconductor seals to expand its Asian presence and capitalize on the market's rapid growth

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8A seasoned executive with extensive experience in engineering and leadership is set to take charge of a polymer solutions company, aiming to drive growth through acquisitions, organic expansion, and sustainable innovation

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8A European research centre for a Chinese tire machinery company joined a European standards committee, aiming to influence regulations and leverage local expertise for market expansion

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8To increase its presence and enhance recycling initiatives in the quickly expanding sector, a leading tire recycling company purchased two of the top scrap tire collectors

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8Buoyed by n-butanol and supply constraints, butyl acrylate prices have risen, but downstream demand remains tepid, leading to minor discounts and negotiations favoring the lower end, with little expected change in the near term.

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8The market was marginally pushed by decreased raw material costs, ammonium nitrate prices remained unchanged on January 4th due to constant coal prices, declining liquid ammonia prices, and sustained demand

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8The good credit profile and order book of the parent business of a healthcare trust contribute to its rating, which is nonetheless limited by its modest size and the possible impact of government divestment plans

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8Due to stable operations, long-term contracts with reputable tire firms, and solid profitability margins, a tire manufacturer's grade was upheld

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8The rubber tube manufacturer's rating was downgraded due to declining sales of tubes but its liquidity remained strong

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8Steel pipe maker's rating affirmed due to strong market position, efficient operations, and manageable debt despite raw material volatility

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New NPK Train Greenfield Project
8Cost: Rs. 56 crore
8Project Event: The internal discussion is ongoing, the project team is likely to be formed in Q1 2024, and the RFQ for the environmental clearance consultant is likely to be released in Q2 2024.
Ammonia/Nitric Acid/SOP Greenfield Project
8Cost: Rs. 200 crore
8Project Event: The project has elicited the Environmental Clearance, and contracting is ongoing.

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8ONGC offshore project: Prepare for a worse case scenario
8Rajkot District City Gas Distribution Project
8Surendranagar District City Gas Distribution Project

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