Gallery - Chemical Industry Outlook 2023

Latest News

Eveready Commissions Rs. 200 crore alkaline battery facility in Jammu

The facility boasts of a robust annual peak production capacity of approximately 360 million alkaline batteries with an annual installed capacity of 456 million

Nadda meets industry leaders to blueprint growth for chemicals & petrochemicals

The meeting addressed the ongoing West Asian crisis, with emphasis on enhancing sectoral resilience and developing alternative supply chains to mitigate external risks

Clariant boosts high-speed packaging efficiency with expanded continuous strip desiccant reels

Extending production capabilities to the Americas helps reduce labor costs and inventory complexity for nutraceuticals and other industries while maintaining superior moisture control

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