AGP Executive Report
Last update: 6 hours agoChemical Markets: Kumho Petrochemical swung to its first quarterly operating loss in 11 years, while Lotte Chemical’s third-quarter loss widened as weak product spreads, costly inventories and Middle East-related shipping pressures squeezed margins. Battery Materials: China’s Tinci Materials signed a deal to supply Eve Energy with 450,000 tonnes of lithium-battery electrolytes from 2027 to 2029, extending its long-term supply push. India Expansion: GAIL Mangalore Petrochemicals commissioned a 1.25-million-tonne-a-year PTA plant, while India’s Semicon 2.0 programme is targeting three equipment makers and five chemicals and gases suppliers to build out the chip supply chain. PFAS: 3M agreed to pay up to $7.35 billion to settle groundwater contamination claims; separately, the UK plans to measure PFAS and other substances in blood and urine, with initial findings expected in 2027. Lower-impact Chemistry: Washington University researchers developed a waterproof coating from lignin and fatty acids as a potential PFAS alternative, while FluoRok raised $30 million to scale fluorochemical production without hazardous hydrogen fluoride.
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