AGP Executive Report
Last update: 3 hours agoIndustry Deals: MAIRE’s Nextchem agreed to acquire Metso’s metals and chemicals processing business for €40 million, adding technologies for mineral processing and critical materials. BASF completed a $1 billion MDI expansion in Louisiana, while Afton began building an additives plant in India. Market Shifts: China is ramping up chemical exports as domestic demand weakens, and South Korea’s petrochemical restructuring has fallen behind schedule. India is targeting major chemicals and petrochemicals growth by 2040. PFAS: An NIH study linked higher blood levels of PFOA and PFOS to increased risk of ER-negative breast cancer, but found no clear link to breast cancer overall. California is considering adding three PFAS to its Proposition 65 list, as 3M moves to settle contamination claims for $7.35 billion. Process Safety: Three workers died after inhaling fumes inside a chemical storage tank in Gurugram; police filed charges against the company owner and four officials over alleged safety failures.
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