Chemicals

India Considers Tariff Reductions on Cars and Chemicals Amidst Looming Trump Duties

8 hours ago

In a strategic move, Indian officials are deliberating potential tariff reductions on automobiles and chemical products as they brace for the imposition of tariffs by the Trump administration. This development underscores India's ongoing efforts to navigate complex trade relations and streamline its economic landscape.

Carlyle Group Moves Forward with Confidential IPO Filing for Nouryon

17 days ago

In a significant development within the financial markets, Carlyle Group, a leading global investment firm, has confidentially filed for an initial public offering (IPO) of Nouryon, a major specialty chemicals manufacturer. This filing marks an important step for both Carlyle and Nouryon, as it signals the potential for a return to public markets for the latter after its ownership transition.

UAE’s ADNOC Sets Sights on Nova Chemicals in Strategic Acquisition

25 days ago

The Abu Dhabi National Oil Company (ADNOC) has set ambitious plans to expand its global footprint by pursuing a significant acquisition of Nova Chemicals, a major player in the North American plastics sector. This move is seen as a strategic alignment with ADNOC's broader goals of diversifying its business portfolio and tapping into new markets, especially in sustainable materials.

Bayer Ordered to Pay $100 Million Over Toxic PCB Contamination

1 month ago

In a significant legal blow, Bayer AG has been instructed by a jury to pay a staggering $100 million in damages attributed to the contamination caused by polychlorinated biphenyls (PCBs) in residential areas. This ruling comes as part of a larger trend of litigation surrounding the chemical's legacy, which has plagued communities and sparked environmental health concerns across the United States.

New Investigation Reveals Toxic Chemicals in Beauty Products: A Risk to Health

2 months ago

A recent investigation has raised alarming concerns about the presence of toxic substances, including benzene and heavy metals, in a range of popular personal care products such as shampoos, sunscreens, and tampons. These findings have ignited discussions about the safety of items that millions of consumers use daily, often without understanding the potential risks associated with them.

The Innovative Startup Tackling Toxic 'Forever Chemicals' in Electric Vehicle Batteries

2 months ago

A breakthrough startup has emerged with the ambitious goal of eradicating hazardous substances commonly found in electric vehicle (EV) batteries, known as 'forever chemicals.' These substances, scientifically referred to as per- and polyfluoroalkyl substances (PFAS), pose significant environmental and health risks due to their persistence in the environment and the human body.

BASF Reports Slight Earnings Increase Amid Aggressive Cost-Cutting Measures

4 months ago

BASF, the global chemicals powerhouse, has announced a modest rise in its earnings for the third quarter of 2024, attributing this uptick largely to strategic cost-cutting initiatives. The company has been grappling with the pressures of a sluggish chemical market and is actively seeking pathways to improve profitability in a challenging economic environment.

Reliance Industries Falls Short of Profit Expectations Amidst Struggles in Energy Units

4 months ago

Reliance Industries Limited, an Indian conglomerate with a diverse portfolio in petrochemicals, refining, oil, telecommunications, and retail, has reported disappointing financial results for its latest quarter. The company’s earnings have failed to meet market expectations due to underperformance in its energy sector, particularly in refining and petrochemical segments.

South Korea Sees Robust Export Growth in September: A Beacon of Stability in Global Trade

5 months ago

South Korea's export sector continued to perform well, with September 2024 growth figures looking impressive. Indeed, the resilience in South Korea's international trade activities comes amidst several uncertainties in the global economic environment. This stellar export performance has been the key driver of the economy while global demand and geopolitical tensions remain in flux.