AGP Executive Report
Last update: 10 hours agoCapacity & Investment: LANXESS is investing €235 million in a 160,000-tonne-a-year EPDM plant in Changzhou, China, its biggest investment in the country. BASF is expanding bio-based surfactant production in Ohio, while SABIC prepares its Fujian petrochemical complex. Market Outlook: BASF raised its 2026 profit outlook for a second time, citing price increases linked to the Iran war, despite lower third-quarter net income. Europe’s chemical industry is still waiting for a recovery. PFAS & Product Stewardship: Wisconsin’s natural resources board approved groundwater limits for six PFAS, pending further state approval. England is moving toward a legal limit for PFAS in tap water, and a new five-year study in Wisconsin will track exposure and health effects. Syensqo has ended fluorosurfactant production at an Italian plant. Industry Shifts: Shell and Exxon have put their $8 billion UK chemicals unit up for sale, while BASF confirmed interest in talks with Evonik.
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