Gallery - Chemical Industry Outlook 2023

Latest News

Evonik bets €80 million on biotech expansion to power next-gen pharma growth

The investment will bring in cutting-edge downstream fermentation technology, strengthening the company’s contract manufacturing capabilities for drug substances

BASF doubles down on plastic additives capacity to tackle climate stress

The expansion signals more than just added capacity—it’s a strategic bet on the future of high-performance plastics as industries grapple with harsher climates, stronger UV exposure, and tightening environmental rules

AkzoNobel beats expectations as margins climb despite sales dip

The Dutch paints and coatings giant reported revenue of €2.39 billion, down 9% year-on-year, with organic sales slipping 1%

Solvay scales industrial IoT push with IMI to deploy 9,000 smart sensors across global plants by 2027

IMI is now Solvay’s preferred supplier for Industrial Internet of Things (I-IoT) technologies

Elkem sells Canadian biocarbon business to CHAR Tech in decarbonisation push

The site is now positioned for commercial expansion, with the capacity to reach up to 15,000 tonnes per year of pelletised biocarbon once upgraded

thyssenkrupp Uhde wins FEED contract to expand Brunei’s ammonia export ambitions

The project will focus on building a new cryogenic ammonia storage tank alongside a dedicated export facility designed for large-scale global shipments

Croda unveils next-gen Matrixyl Neolide to redefine long-lasting skincare performance

The move reinforces Croda’s push to fuel growth through high-impact innovation across its Consumer Care portfolio

Evonik powers up Antwerp site with major 150kV substation to drive electrification & decarbonisation

The new facility replaces the previous 36-kilovolt connection, unlocking significantly higher power availability for current operations and future expansion

Shrieve Chemical acquires FIS Chemicals in strategic global expansion move

The deal brings together two established players in the industrial chemicals space

Intertek acquires Mitsui Chemicals solar lab assets in India

The newly acquired facility will deliver ISO 17025-accredited testing for solar PV installations

CovationBio completes key milestone at China biomaterials mega facility & launches Xatryx brand

The facility will produce bioTHF and bio-based polytetramethylene ether glycol

DCM Shriram
Anupam Rasayan
Ingenero
ION Exchange
RIECO
Shiva Engineering
Arete Services
IPCO
Apcotex
Meghmani Finechem
Soujanya
Solvay
MAAG
Deepak Responsible Chemistry
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