Indian Chemical & Energy Sector: Latest Industry Briefs
This news roundup details diverse developments across the chemical and energy industries. Polypropylene capacity is projected to significantly outgrow demand by FY30, potentially eliminating import reliance. Key announcements include Beaumont's new ammonia facility, Adani Ports' strategic acquisition, and advancements in hydrogen technologies by Charbone, Nel, and Vallourec/Geostock. Regulatory shifts like the EU's carbon leakage protections and corporate news from Huntsman, POSCO Future M, and Grasim underscore a dynamic landscape of expansion, innovation, and strategic alliances within the sector.
The article presents a collection of significant updates and related stories from the Indian chemical and energy sectors. A major highlight is the polypropylene industry, with capacity expected to rise 1.8 times between FY25 and FY30, significantly outpacing the projected demand growth of 1.4 times, which could lead to India becoming import-independent by FY30. Other key developments include the operational startup of Beaumont's new ammonia facility and Adani Ports' completion of the NQXT acquisition, signaling global trade expansion ambitions. In the energy domain, there's notable progress in hydrogen and CCUS technologies, with Charbone delivering its first clean UHP hydrogen shipment, Nel greenlighting a major hydrogen expansion, and Vallourec and Geostock forging an alliance for hydrogen and CCUS infrastructure. Regulatory news includes the EU's expansion of carbon leakage protections for industry. Corporate movements feature Huntsman appointing Amy Smedley as EVP, General Counsel & Secretary, POSCO Future M accelerating its LFP cathode push via a joint venture, and Grasim approving a composite scheme for renewable energy consolidation. The content also touches upon topics like industrial intelligence, digital transformation for lab efficiency, prescriptive maintenance, and optimized palletization. The provided content is sourced from Indian Chemical News, an online resource for news, views, analysis, and technology updates in the chemical and petrochemical space.
