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Newsletter Jan 2024

News Summary

Caustic Soda

Dow Launches Eco-Friendly Caustic Soda: Caustic DEC and TRACELIGHT™ DEC

Glycerine

DRAP Issues Directive for Pharmaceutical Companies to Test Glycerine and Sorbitol in Cough Syrups

Ethyl Acetate

INEOS Acetyls Secures Texas City Operations from Eastman in $490 Million Deal

Titanium Dioxide

The First Titanium Smelter in Indonesia Is 75% Complete

Menthol

USA's Menthol Cigarette Ban Faces Potential 2024 Postponement

Similar Insights

Caustic Soda

TPL Boosts Caustic Soda Output: Capacity Soars to 250 MTD

Tamilnadu Petroproducts Ltd (TPL) plans to boost caustic soda production capacity from 150 to 250 metric tonnes per day as part of an expansion initiative to meet growing demand.


Dow Launches Eco-Friendly Caustic Soda: Caustic DEC and TRACELIGHT™ DEC

Dow launches Caustic DEC and TRACELIGHT™ DEC, part of the Decarbia™ reduced-carbon portfolio, offering caustic soda with up to 90% lower carbon dioxide. The products are produced using renewable energy, certified by ISCC PLUS, supporting customers' sustainability goals. Dow aims to provide transparent, traceable, and sustainable solutions to reduce carbon footprints across the value chain.


Salalah Free Zone Secures $165 Million Investment for Caustic Soda and Other Chemicals Factories

Salalah Free Zone of Oman signs $65 million usufruct agreement for a caustic soda factory and $100 million agreement for a hydrogen peroxide and formic acid factory, promoting industrial growth.

Chlorinated Paraffin

EcoWaste Coalition Emphasizes the Need for Enhanced Toy Product Safety Regulations

EcoWaste Coalition a non-profit environmental health and justice organization based in Quezon City, Philippines urges strict compliance with the 12-year-old law banning toys with endocrine-disrupting chemicals (EDCs) like phthalates, emphasizing potential health risks, including chlorinated paraffin, in the materials.

Ethyl Acetate

INEOS Acetyls Secures Texas City Operations from Eastman in $490 Million Deal

Eastman Chemical sells its Texas City operations to INEOS Acetyls for $490 million, keeping the on-site plasticizer business in its possession.  Eastman continues acetyl manufacturing in Kingsport, Tennessee.

 

Viridis Chemical's Ethyl Acetate Clinches Platts Global Energy Award for Best Sustainable Chemical Product

Viridis Chemical's biobased ethyl acetate wins the Sustainable Chemicals Best Product category at the S&P Global Commodity Insights' 25th Annual Platts Global Energy Awards. The product has a 40–80% lower carbon footprint than fossil fuel-based alternatives.

Glycerine

DRAP Issues Directive for Pharmaceutical Companies to Test Glycerine and Sorbitol in Cough Syrups

DRAP directs pharmaceutical companies in Pakistan to test glycerine and sorbitol in cough syrups, emphasizing safety measures amid global concerns over contamination, particularly with diethylene glycol.

Menthol

USA's Menthol Cigarette Ban Faces Potential 2024 Postponement

Delay feared for the anticipated ban on menthol cigarettes in US, potentially extending into 2024, as public health groups express concerns. Chemical additives mimicking menthol raise challenges amid ongoing developments.


NATO Contests the FDA's Prohibition on Menthol Cigarettes, Citing Regulatory and Economic Effects

The U.S. FDA faces opposition from the National Association of Tobacco Outlets (NATO), advocating against publishing final rules to ban menthol cigarettes, citing economic, revenue, and unintended consequences concerns.

Titanium Dioxide

The First Titanium Smelter in Indonesia Is 75% Complete

The first titanium smelter in Indonesia, located in Bangka Belitung Islands, is 75% complete, aiming to boost downstream industry, increase mineral raw material value, and reduce import dependence.


European Commission Initiates Public Consultation on Titanium Dioxide in Cosmetics

The European Commission's Scientific Committee on Consumer Safety (SCCS) raises genotoxicity concerns for titanium dioxide in oral cosmetic products, citing insufficient evidence. SCCS recommends further investigations and proposals for safe limits.


Chinese TiO2 Producers Eye Price Hike Amidst Fears of Anti-dumping Tariffs in Europe

Chinese titanium dioxide (TiO2) producers anticipate a market boost before potential anti-dumping measures in Europe around February or March 2024. European buyers are stockpiling, leading to a price increase.


Chinese Titanium Dioxide Prices Surge on Overseas Demand

Chinese titanium dioxide (TiO2) producers, including Longbai Group and China Nuclear Titanium Dioxide, announce another price increase for overseas markets, citing strong international business. Export orders for December remain unaffected, contributing to market confidence.

White Oil & Petroleum Jelly

Gandhar Oil Refinery India Ltd. Makes Strong Market Debut with 76% Premium

Gandhar Oil's shares debut at a 76% premium, listing at Rs 298 on the NSE; IPO subscribed 64 times; loan repayment; focusing on consumer and healthcare industries; and plans include capacity expansion for products like white oil and petroleum jelly.

Indian Exports Price Volume Trend

The current trends in price and volume of Indian exports for our top products.