Chemical news · Three minutes a day
Sunday, September 27, 2026
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Total, Socar, XRG Launch New Phase of Azerbaijan Gas ProjectTotalEnergies, Socar, and XRG approved a second phase for the Absheron gas-condensate field in Azerbaijan, targeting 6 billion cubic meters of annual production by 2029 for domestic use and exports to Turkey and Europe.
Anmol Industries filed for an $188 million IPO after net profits jumped five-fold to 1.91 billion rupees. The Kolkata-based biscuit maker competes with major rivals like Britannia and ITC in India's food sector.
The UN Support Mission in Libya warned that attacks on energy infrastructure could trigger sanctions. The closed Sharara-Zawiya pipeline is currently causing crude production losses and increasing risks to fuel supplies and electricity generation.
BASF confirmed exploratory talks with RAG-Stiftung and Evonik Industries regarding a potential takeover of the specialty chemicals firm. The outcome remains open as BASF evaluates strategic acquisition options to strengthen core businesses.
Swiss National Bank Chairman Martin Schlegel stated that while record heat impacts food prices, recent inflation is primarily driven by petroleum costs. The central bank maintained interest rates at 0%, anticipating a decline in crude oil prices by mid-2029.
Tessenderlo Group has completed the acquisition of a 20% stake in US crop protection firm FMC Corp for approximately $403 million. The deal grants Tessenderlo a board seat and aligns with their agriculture and industrial solutions portfolio.
Rising food prices and inflation are eroding support for President Lula ahead of Brazil's election, prompting candidates to propose agricultural and fiscal reforms. Key issues include fertilizer production, grain storage, and supermarket price stability.
CDC vaccine policy recommendations have stalled after Health Secretary Kennedy disrupted the advisory committee, leaving newly approved vaccines like mFlusiva without official endorsement. Legal challenges and administrative changes now create uncertainty regarding vaccine coverage and scheduling.
New data from the Association of American Railroads shows North American chemical rail traffic continues near year-ago levels. During the week ended Sept. 19, chemical railcar volume totaled 48,677 carloads, up 5.3%.
Sell-side analysts rate Sherwin-Williams as a "Moderate Buy" with a $387.47 price target following quarterly earnings that beat expectations with $6.79 billion in revenue.
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