Gallery - Chemical Industry Outlook 2023
Latest News
Evonik bets €80m 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
Ammonia body flags ‘urgent public-interest concern’ after Indian govt advisory on gas use
The April 18 advisory further directs urea manufacturers to prioritize ammonia supply for fertilizer use, particularly for P&K producers, amid reported shortages and pricing issues
Suspected hydrocarbon leak behind fire at HPCL Rajasthan refinery, no casualties
The fire broke out in the heat exchangers stack and remained localized to that area
PPG launches PVC-free one-component coating for pet food cans
The new formulation removes the need for mixing, changeovers or multiple coating systems
Circular economy emerges as major growth engine for startups & MSMEs: Jitendra Singh
He stressed that circular economy thinking is now transforming the entire value chain
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