Gallery - Chemical Industry Outlook 2023

Latest News

Kingswood Capital acquires battery separator leader Daramic from Asahi Kasei, names new CEO

The acquisition strengthens Kingswood’s footprint in complex global markets and the automotive aftermarket

LibertyStream achieves first US field production of lithium carbonate from Oilfield Brine in Texas

The company has developed a scalable template it plans to replicate across high-volume U.S. basins including the Permian and Bakken

Solstice breaks ground on $200 million Spokane expansion to power next-gen semiconductors

The upgrade will double the facility’s production capacity for sputtering targets by 2029

Eni fast-tracks Congo LNG phase 2 ahead of schedule

Congo LNG Phase 2 features three production platforms, the Scarabeo 5 gas treatment and compression unit, and the Nguya FLNG for liquefaction and export

Plenitude buys ACEA Energia in €587m deal to fast-track Its European power expansion

The agreement hands Plenitude a 100% stake in ACEA Energia and a 50% share in Umbria Energy

CARBIOS and Wankai seal major deal to launch Asia’s first large-scale PET biorecycling plant

The partners will form a joint venture to build and operate a PET biorecycling facility capable of processing 50,000 tons of PET waste annually

Stepan Co to sell Louisiana plant in latest global streamlining move

The move comes on the heels of Stepan’s recent exit from the Philippines

Renaissance BioScience and Biome Bioplastics launch $1.5M initiative to scale renewable bioplastics

The companies plan to develop a system to produce a bio-based, renewable building block for bioplastics

Chevron announces 2026 Capex budget of $18 to $19 billion

Chevron Phillips Chemical Company spend is anticipated to be nearly half of affiliate capex in support of two new world-scale facilities

ONGC and Petronet LNG ink 15-years deal for ethane services

Petronet LNG is developing a new, first-of-its-kind third jetty and an ethane storage tank with a capacity of around 170,000 cubic meters

ABB India unveils ACS380-E drive for high-performance automation

The new machinery drive is engineered specifically for industrial machinery applications in several industries, including textile, cable and wire, plastics, intralogistics and more

Fineotex Chemical successfully exercises warrants

The funds raised will be deployed towards working capital requirements and for potential acquisitions

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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