AGP Executive Report
Last update: 11 hours agoQuarterly Results: Innospec’s third-quarter revenue rose 7% to $473.6 million, while net income more than doubled to $31.8 million. India’s Balaji Amines reported an 81% jump in quarterly profit to ₹67 crore, helped by higher sales and expanded acetonitrile capacity. Reliance also posted record quarterly profit, powered by strong oil-to-chemicals performance. Investment & Capacity: Gulf Cryo expects its Abu Dhabi carbon-capture facility to start production within weeks. Dangote Group is exploring Egyptian partnerships in refining, petrochemicals, fertilisers and manufacturing. Deals & Competition: Lonza is buying Merck KGaA’s U.S. CDMO network, while reports say China’s chemical industry expansion is intensifying pressure on foreign producers. Technology & Standards: BASF plans to advance semiconductor manufacturing in Taiwan. ZDHC’s updated manufacturing restricted substances list adds stronger chemical controls, including revised PFAS requirements. Chemical Safety: Five people suffered chemical burns after a degreasing agent was mistaken for sugar and used in drinks at a North Carolina restaurant, underscoring the risks of poor labeling and storage.
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