8Tamilnadu Petroproducts Limited (TPL) reported a 45% increase in PBT and a 37% increase in PAT for the first quarter of FY2023-24, despite higher energy and input costs

8Boubyan Petrochemical Company is expanding its business portfolio into education with the acquisition of an education company for KWD 53 million, pending regulatory approval

8Resonac's sales and operating income decreased in 1H 2023, but the company expects to return to profitability in 2023 with share dividend payout

8Injection machine builder Nissei Plastic teams up with materials supplier Sumitomo Bakelite to expand the adoption of EV components moulded from phenolic and epoxy resins

8The use of enzymes to depolymerize waste polyester and re-use the material to make new products is a promising technology, but its economic viability is still being debated

8Automaker will collect and reprocess discarded factory uniforms to create recycled-content automotive interior material

8The manufacturer of pharmaceutical APIs and speciality chemicals saw a YoY increase in net profit of 31% in Q1 FY24, despite a YoY revenue stagnation

8The market for Ethanol in the US is expected to see continued growth despite a decline in production, as new partnerships and technologies boost capacity and efficiency

8Caustic soda prices are projected to rise in the short term in the United States and Asia due to supply problems and progressively rising demand

8South Korea is removing tariffs on Naphtha imports to boost its petrochemical industry and maintain its competitiveness in the global market

8Indian Government introduced PLI Scheme for textiles; aimed to enhance textile production, promote competitiveness, and establish 7 PM MITRA Parks for further growth

8Coca-Cola India launched the first beverage bottle in India made from 100% recycled PET

8Conventus Polymers, a US-based distributor of engineering thermoplastics, is expanding into Southeast Asia by establishing a subsidiary in Singapore to meet the growing demand for its products in the region

8The new plant is the latest addition to Covestro's Integrated Site Shanghai (CISS), the company's single largest production site worldwide

8MGCPL (M.G. Contractors Pvt. Ltd.), the parent company of M G Petrochem Pvt Ltd (MGPPL), has a strong project execution track record and financial profile, but its corporate guarantee for MGPPL lacks an invocation and payment mechanism

8The company is a manufacturer of chemicals such as soda ash, caustic soda, LAB, and FMCG products like soaps, detergents and edible salt, have a strong credit profile, but could be constrained by commodity price cycles, foreign exchange fluctuations, import duty levels, and elevated competition in the S&D business

8The company’s Q1FY24 results were strong, with revenue growth of 14% YoY, EBITDA growth of 34% YoY, and PAT growth of 35.5% YoY

8Four new business line Executive Vice Presidents have been appointed by Aramco to assist in advancing the company's long-term strategy across its value chain and global portfolio

8Mechanically recycled engineering polymers made from post-industrial resources will be available from the company

8TechnoBiz is rebranding the Arab Rubber Expo to the Middle East Rubber & Tyre Expo 2023

8Albemarle Corp., an American manufacturer of speciality chemicals with three divisions-lithium, bromine specialities, and catalysts-reported outstanding second-quarter revenues with considerable growth in all major metrics

8In order to reduce traffic accidents and fuel pollution, Continental will provide the world's longest single conveyor belt for Atlas Energy Solutions' Dune Express project

8The company's first-half fiscal 2023 results were outstanding, with profit attributable to parent shareholders up 18.8%, operational profit up 4.6%, and sales revenue up 13.2%

8With an emphasis on environmental responsibility, waste management, and energy-saving efforts, UTH GmbH has earned ISO 9001 and 14001 certifications for its quality and environmental management systems, demonstrating its dedication to sustainability and customer satisfaction

8A fall in C9 Solvent prices was recorded in the Mumbai chemical market today