The Revenue Department of the Ministry of Finance of India implements anti-dumping duties on imports of epichlorohydrin from China, South Korea and Thailand

On November 11, 2024, the Revenue Department of the Indian Ministry of Finance imposed a five-year anti-dumping duty on epichlorohydrin originating from China, South Korea, and Thailand, based on the ruling of the Ministry of Commerce and Industry. The amount of duty varies depending on the source country. This decision takes effect from the date of publication in the official gazette and aims to protect domestic industries in India from dumping damage.

Egyptian chemical exports soar in first half of 2024, total 4 billion billion dollars

In the first half of 2024, Egypt's total chemical exports will reach 4 billion US dollars, accounting for 20% of the total non oil exports. Many chemical industries will show significant growth. The main export markets include Türkiye, Italy, etc.

Lotte Chemical Cilegon plant invested nearly US $3.9 billion and is expected to start production in March next year.

Lotte Chemical's petrochemical plant project in Cilegon, Indonesia has completed 98.7% and is expected to begin production in March 2023. The total investment for the project is approximately 5.937 trillion Indonesian rupiah (nearly 3.9 billion US dollars).

MOL Group and Turkish Petroleum Corporation join hands to deepen oil and gas exploration cooperation and seek common future development

MOL Group signed a memorandum of understanding with Türkiye Petroleum Corporation (TPAO) to deepen oil and gas exploration and production cooperation, covering the Caspian Sea, Türkiye, North Africa, the Middle East and Central and Eastern Europe, aiming to expand the international portfolio.

Sumitomo Chemical to reduce MMA and PMMA capacity in Singapore by 2024, focusing on specialty products and chemical recycling

Sumitomo Chemical plans to shut down two-thirds of its MMA and PMMA production lines in its Singapore subsidiary by September 2024, in order to reduce production capacity and shift towards specialty PMMA products and chemical recycling technologies to cope with market changes and enhance profitability.

Malaysia BASF Petronas Chemical's second iso-octanoic acid production line officially put into operation

BPC launches 2nd iso-octanoic acid line in Malaysia, doubling capacity to 60,000 tons/year, to meet Asia-Pacific demand, strengthening market position.

Bilfinger Joins Hands with Egypt's KIMA to Advance Aswan Fertilizer Plant Expansion Project

Bilfinger, a global engineering firm, signs deal with Egypt's KIMA to expand chemical and fertilizer production in Aswan, marking Bilfinger's Middle East expansion.

Akzo Nobel 26 million Euros Invest in Pakistan, New Factory in Faisalabad Opens

Akzo Nobel 26 million Euros Invest in Pakistan, New Factory in Faisalabad Opens

Nippon Shokubai Invests US $0.11 billion to Expand Petrochemical Plant in Indonesia to Boost Local Industry

Nippon Shokubai Invests US $0.11 billion to Expand Petrochemical Plant in Indonesia to Boost Local Industry

Russia's western ports expect 13 percent drop in crude oil exports in November