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Chemical Industry News
348 posts
Chemours, DuPont and Corteva agree $455m North Carolina PFAS settlement
Chemours, DuPont and Corteva have agreed to $455 million of payments over 15 years to settle North Carolina PFAS claims, giving Chemours greater liability visibility while leaving other litigation and remediation exposure outside the agreement.
Anupam Rasayan revenue grew 35%. Why is Hetvi Vyas becoming Deputy CFO as M&A accelerates?
Anupam Rasayan India has elevated finance controller Hetvi Vyas to Deputy CFO and Key Managerial Personnel as revenue grows 35%, acquisitions expand the group and integration work becomes increasingly central to its financial strategy.
First Graphene wins first Pacific Urethanes PureGRAPH mining order
First Graphene has converted development work with Pacific Urethanes into a production order for PureGRAPH in mining polyurethane systems, creating a new commercial application without yet establishing meaningful revenue scale.
Asian Paints Q1 profit jumped 40%. Why is Leo Puri becoming chairman as competition intensifies?
Asian Paints has named former JPMorgan and UTI Asset Management executive Leo Puri as chairman-designate as strong first-quarter earnings collide with intensifying competition from deep-pocketed challengers in India’s decorative paints market.
Emma Delaney takes over OMV with shares less than 1% from a 52-week high
Former BP executive Emma Delaney becomes OMV’s first female CEO on September 1, inheriting a company whose second-quarter clean operating result climbed 65% to €1.7 billion and whose 50% interest in Borouge International places it at the centre of a $60 billion-plus global chemicals platform.
Mosaic swung from $411m profit to $273m loss. Now 206 Louisiana jobs are going
The Mosaic Company is cutting 206 jobs across its Uncle Sam and Faustina facilities in Louisiana after a global sulfur shortage forced phosphate production lower, contributing to a $273 million quarterly loss and a collapse in phosphate operating rates to 47%.
Tata Chemicals (NSE: TATACHEM) buys 500,000-plus tonnes of US soda ash contracts
Tata Chemicals North America is paying $21.16 million for customer contracts covering more than 500,000 tonnes of soda ash through December 2028 after winning a bankruptcy-court auction involving Searles Valley Minerals.
Niutech enters global energy major’s SAF supply chain with waste-plastic pyrolysis line
Niutech Technology Group has detailed a waste-plastic pyrolysis equipment agreement with an unnamed global energy major, linking its technology to a refinery SAF upgrade. The commercial breakthrough matters, but contract value, exact capacity, commissioning timing and final fuel qualification remain undisclosed.
Olin and Huntsman shareholders clear $12.5bn chemicals merger as regulatory test moves to centre stage
Olin and Huntsman shareholders have overwhelmingly approved their all-stock merger, clearing the companies to pursue a direct combination while regulatory approvals and execution of more than $400 million in expected benefits remain ahead.
India Cements Capital (BSE: 511355) faces control shift in Rs 20cr deal
Three acquirers have agreed to buy the promoter’s 50.02% stake in India Cements Capital for ₹13.03 crore, triggering a ₹6.77 crore open offer for another 26%, but completion remains subject to Reserve Bank of India approval.