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
Mangrove Lithium launches North America’s first commercial lithium refinery
Marks breakthrough for domestic EV supply chain
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