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Latest News from IAL and the Global Chemicals Industry
Stay informed regarding IAL's latest publications and industry news covering the markets for Polyurethanes, Flavours & Fragrances and Thermal Insulation.


XRG Acquires Covestro AG
ADNOC International Germany Holding AG, a wholly owned indirect subsidiary of XRG P.J.S.C. ("XRG"), completed the acquisition of Covestro AG. Covestro will accelerate XRG’s global position in the chemicals sector and support XRG to become one of the leading global chemicals investors. XRG will work in close partnership with Covestro’s management to unlock the company’s full long-term potential. As part of the transaction, XRG is investing €1.17 billion to strengthen Covestro’
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Jan 71 min read


Americas Flame Retardant Additives Market Trends
Flame retardant consumption across the Americas PU industry is demonstrating sustained long-term growth, increasing from 155,400 tonnes in 2019 to a projected 186,400 tonnes by 2030, representing an overall increase of approximately 20% over the period.
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Jan 75 min read


OxyChem Acquired by Berkshire Hathaway
Berkshire Hathaway Inc. has announced the successful completion of its $9.7 billion acquisition of OxyChem from Occidental Petroleum, subject to customary post-closing purchase price adjustments.
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Jan 51 min read


Kumho Mitsui Chemicals Increases Capacity of MDI Production Facilities
Mitsui Chemicals, Inc. affiliate Kumho Mitsui Chemicals Inc. has decided to further increase the capacity of its production facilities for methylene diphenyl diisocyanate (MDI). The facility is already operating at full capacity following a 200,000-ton capacity increase in 2024. With this new capacity increase, Kumho Mitsui Chemicals will be able to accommodate growing demand for not only automotive materials, but also the high-performance MDI used in flame-retardant insulati
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Jan 41 min read


Selena bids for Grupo IGM, a maker of sandwich panels
Selena bids for Grupo IGM, a maker of sandwich panels
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Dec 21, 20252 min read


Barentz Expands Distribution Agreement with Huntsman Performance Products in the United States and Canada
Barentz Expands Distribution Agreement with Huntsman Performance Products in the United States and Canada
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Dec 21, 20251 min read


Covestro and XRG receive final outstanding regulatory approval for their strategic cooperation
Covestro and XRG receive final outstanding regulatory permission for their strategic cooperation
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Dec 3, 20252 min read


Delta Tecnic Enters Exclusive Negotiations to Acquire Polytechs
Global Polymer Solutions S.L. (“Delta Tecnic” ), an independently managed investment subsidiary of Investindustrial Growth III SCSp, has entered into exclusive negotiations to acquire 100% of Polytechs Financière SAS and its subsidiaries (“Polytechs”).
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Dec 2, 20251 min read


BASF and Carlyle Seal Deal to Form Leading Coatings Company
BASF and funds managed by global investment firm Carlyle, in partnership with the Qatar Investment Authority (QIA), have entered into a binding agreement for BASF’s automotive OEM coatings, refinish coatings, and surface treatment businesses (“BASF Coatings”).
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Dec 2, 20252 min read


OrthoLite expands global production capacity with a new manufacturing facility in northern Vietnam
OrthoLite expands global production capacity with a new manufacturing facility in northern Vietnam
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Nov 30, 20253 min read


BASF Opens New High-Performance Dispersant Line in China
BASF has officially opens its high-performance dispersant production line at the Jiangbei New Material Technology Park in Nanjing, China. The new investment enables local manufacture of advanced dispersants using Controlled Free Radical Polymerisation (CFRP) technology, enhancing global capacity alongside BASF’s site in Heerenveen, the Netherlands. This expansion strengthens supply reliability and flexibility for customers across key markets. Dr. Stephan Kothrade, Member of t
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Nov 26, 20251 min read


Longhua New Materials Expands Polyether Polyol Capacity to 1.29 Million Tons
Longhua New Materials has completed construction and successfully commenced production at its 330,000-ton-per-year polyether polyol expansion project, representing an investment of 150 million yuan and lifting the company’s total polyether capacity to 1.29 million tons annually, reinforcing its scale advantage in China’s domestic market. The new capacity focuses on high-activity soft foam polyether polyols and CASE-grade polyether polyols, widely used in automotive interiors,
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Nov 24, 20251 min read


MDI Prices Rise in South Asia
BASF has announced a US$200/tonne price increase for MDI products in South Asia, coinciding with a steady upward trend in China’s domestic pure MDI market. Prices have risen in a clear stepwise pattern, driven by tight supply and reduced imports. In Shanghai, pure MDI has climbed from 18,400 yuan/tonne at the start of the month to around 19,500 yuan/tonne, supported by higher factory guidance prices. Shanghai’s November listing price rose by 500 yuan/tonne to 24,000 yuan/tonn
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Nov 24, 20251 min read


BASF Partnered with Air Liquide and Shenergy
BASF has signed a multi-year cooperation agreement with Air Liquide’s subsidiary SCIPIG and Shenergy Group’s subsidiary Shenji to advance the production of low-carbon methylene diphenyl diisocyanate (MDI).
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Nov 20, 20252 min read


BASF and Hyundai Transys Collaborate to Develop Modular Concept Seat Using Recyclable TPU
Hyundai Transys and BASF have collaborated on a modular concept seat for purpose-built vehicles (PBV), demonstrating how the advanced material solution of Elastollan® thermoplastic polyurethane (TPU), processed with Supercritical Fluid (SCF) injection foaming technology, can facilitate customizable and sustainable seating solutions for automotive interiors. The modular concept seat incorporates a headrest and armrest constructed with advanced material solutions for the first
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Nov 18, 20251 min read


P2 Science and Algenesis Collaborate on Algae-Derived Chemicals and 100% Biobased, Biodegradable Polyurethanes
P2 Science and Algenesis Collaborate on Algae-Derived Chemicals and 100% Biobased, Biodegradable Polyurethanes
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Nov 18, 20252 min read


BASF Restructures Asian PolyTHF Business
BASF announced that it will address structural changes in the global chemical fiber market, marked by significant overcapacity, by consolidating its Asian polytetrahydrofuran (PolyTHF®) business at its Caojing site in China.
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Nov 14, 20251 min read


Overview of the Global Polyurethane CASE Markets
Summary The PU CASE (Coatings, Adhesives, Sealants, and Elastomers) segment, though often overshadowed by polyurethane foams, represents a vital and versatile part of polyurethane chemistry. These materials are integral to industries ranging from automotive and furniture to footwear, packaging, wind energy, and textiles. Their adaptability and superior performance make them essential for delivering tailored solutions that enhance durability, flexibility, adhesion, and sealing
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Nov 13, 20255 min read


India’s PU and Foam Industry Calls for Policy Reform and Stronger Standards to Drive Global Competitiveness
Industry leaders have called upon the Indian government to strengthen policy support and modernise Bureau of Indian Standards (BIS) norms to enhance the global competitiveness of the country’s polyurethane (PU) and foam sector. The appeal was made during the Leadership Dialogue held ahead of the 2nd edition of UTECH INDIA – Sustainable Polyurethane & Foam (ISPUF) Expo, scheduled from 13–15 November at the Bombay Exhibition Centre, Mumbai. Organised by Crain Communications and
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Nov 13, 20252 min read


India Extended Anti-dumping Duty on TDI imports
The Government of India decided to maintain the imposition of anti-dumping duty (ADD) on imports of Toluene Di-isocyanate (TDI), a chemical extensively used in the manufacturing of foams, coatings, and adhesives. TDI imports from the European Union and Saudi Arabia has been extended until March 1, 2026 . This decision follows an extensive review carried out by the Directorate General of Trade Remedies (DGTR), which advised the extension to protect the interests of domestic pr
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Nov 10, 20251 min read
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