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Chemical Industry News
348 posts
Orica (ASX: ORI) secures FY27 North American ammonium nitrate supply as Deer Park sale slips
Orica Limited has secured ammonium nitrate supply for its North American customers through FY2027 using additional United States and Canadian sources, reducing a significant supply-chain risk even as the planned sale of surplus Deer Park land moves beyond FY2026.
BASF confirms Evonik takeover talks as German chemicals consolidation accelerates
BASF has confirmed exploratory discussions with Evonik Industries and RAG-Stiftung over a potential takeover, opening the door to one of the largest European chemicals transactions in years as the sector battles weak demand and intensifying Asian competition.
Carbios narrows losses as PET biorecycling plant clears key financing milestones
Carbios cuts cash burn as lender approvals and rising pre-sales move its Longlaville PET biorecycling plant closer to financing.
INEOS mothballs Hull chemical complex and puts 4,000 supported jobs in focus
The private chemicals group is stopping all three units at Saltend near Hull until further notice, intensifying concern over import dependence, carbon leakage and Britain's industrial energy policy.
Evonik’s biggest overhaul deepens with 3,200 job cuts and two major divestitures
Evonik Industries is preparing the second phase of its largest corporate restructuring, with 3,200 additional jobs already scheduled to disappear through 2029 and businesses employing roughly 4,300 people moving toward divestiture as the German chemicals group narrows its portfolio.
OCI’s €4.10 cash offer gives shareholders an alternative to Orascom deal
OCI shareholders face a €4.10 cash offer from NNS while the Orascom Construction combination and remaining asset sales keep valuation in play.
The LYCRA Company names Hua Du CEO after $1.2bn debt restructuring
The LYCRA Company has appointed former Grobest Group chief executive Hua Du to lead the fibre and materials business just four months after it emerged from Chapter 11 with more than $1.2 billion of debt eliminated and new owners in control.
ZPC selects Lummus for 1.2 million-tonne Zhejiang propane dehydrogenation unit
Zhejiang Petroleum & Chemical has selected Lummus Technology’s CATOFIN process for a 1.2-million-tonne-per-year propane dehydrogenation unit as its integrated refining complex pushes further into higher-value petrochemicals.
EU weighs PET, epoxy resin and glass fibre import curbs as chemicals crisis deepens
France, Italy and Germany are considering European Union safeguard requests covering PET, epoxy resin and glass fibres as cheap imports, energy costs and weak demand squeeze domestic producers.
Kesoram lost Rs 20.2cr in Q1. Why has Frontier Warehousing taken control now?
Frontier Warehousing has completed its acquisition of a 42.8% controlling stake in Kesoram Industries and installed Gautam Agarwalla as managing director as the post-cement company struggles with low utilisation and continuing losses.