SOCMA urges Congress to reform the TSCA Section 5 program, citing survey data where 70% of manufacturers canceled projects due to regulatory delays. Improving review timelines aims to boost U.S. chemical manufacturing investment and support downstream industries like pharmaceuticals.
European pharmaceutical leaders urged governments to treat medicines as strategic infrastructure, warning of lost competitiveness against US and Chinese rivals due to investment gaps and regulatory delays. Nearly half of new therapies failed to reach European patients recently.
Ineos is idling its three remaining European acetyls units in Hull due to high energy costs compared to US and China. The shutdown impacts critical material supplies including pharmaceuticals and affects nearly 4,000 jobs.
Kumiai Chemical Industry announced share exchanges to consolidate three subsidiaries into wholly-owned entities, aiming to enhance group management efficiency. The Tokyo-based agri-chemical manufacturer seeks to improve decision-making speed in a dynamic business environment.
The EU's trade deficit with China exceeded €1 billion daily in July, prompting discussions on quotas for chemicals and hybrids. Rare earth export restrictions and bilateral talks remain central to the widening imbalance.
Barentz BV appointed Phia Shuan Heng as head of personal & home care for Southeast Asia and expanded Rushina Dudhwala's role to strengthen APAC leadership and customer relationships effective September 21.
Toppan and Irplast inaugurated a new BOPP film line in Italy with 30,000 metric tons annual capacity, targeting commercial operations by late 2026. The facility uses advanced stretching technology to produce recycle-ready packaging substrates compliant with EU regulations.
U.S. stock indexes approached record highs following a 3.4% drop in Brent oil prices to $100.34 per barrel. Easing bond yields and strong corporate earnings further fueled the global market rally.
Saudi Aramco plans to reorganize its business to create a new gas division, potentially listing units in the future to raise capital. This move aligns with Gulf state oil companies' strategy to offer investors stakes while retaining operational control.
Novo Nordisk CEO Mike Doustdar forecasts oral obesity drugs may comprise half the global market by 2030 as the company advances five oral treatments. Holding over 80% of new oral prescriptions, Novo aims to leverage its patent-protected oral Wegovy against competitors focused on injectables.
Hu Qiming, former chairman of Zhongwu High-Tech's subsidiary Zigong Cemented Carbide Company, is under investigation for serious disciplinary violations following his resignation two months prior. The company operates a complete tungsten industry chain from mining to high-end material manufacturing.
Petrobras received authorization from Brazilian environmental agency Ibama to begin drilling three new wells in Foz do Amazonas this January, aiming to assess the commercial viability of its oil discovery.
Nykredit A/S acquired 36,203 shares of DuPont de Nemours valued at $4.9 million in Q2. DuPont reported strong quarterly earnings of $1.88 per share, surpassing analyst estimates.
Turkish military pension fund OYAK is negotiating a strategic partnership with Saudi Aramco for its fuel distributor Guzel Enerji, aiming to expand into production and refining by 2030.
Chairs of nine major European drugmakers urged governments to boost investment and accelerate trials, warning the region risks losing competitiveness to the US and China as its global R&D share has declined significantly.
India's Russian crude imports dropped 16.5% in August to 2.1 million barrels per day, with further declines expected in September due to potential US tariffs. Refiners are diversifying sources as Middle Eastern supplies increase.
US refiner stocks stalled as political pressure mounts to restrict diesel exports amid soaring retail prices above $6.50 per gallon. Analysts warn export bans could end refining margin runs and impact gasoline and jet fuel prices.
The Canadian government allocated C$4 million to two projects developing CO2-to-ethylene sustainable aviation fuel and green hydrogen electrolyser technologies. These initiatives aim to reduce lifecycle emissions by up to 95% and diversify feedstock-independent SAF production routes.
Lanxess AG and Wuxi South Petroleum Additive Co Ltd have signed an MOU to collaborate on lubricant additive development in the Asia Pacific region. The partnership aims to enhance supply chain resilience by combining Lanxess' formulation expertise with Wuxi South's manufacturing capabilities.
Saudi Arabia's crude oil exports rose 3.3% to 4.125 million barrels per day in July, reaching a four-month high. Analysts note potential future disruptions due to ongoing geopolitical tensions in the Red Sea.
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