Commodity Chemicals Companies

Commodity Chemicals Market

October 2023- The Technical University of Munich (TUM) and the chemical concern Clariant will continue their successful partnership of ten years in the area of catalysis research. TUM President Prof. Thomas F. Hofmann and Clariant Catalysts Head of Research and Development Marvin Estenfelder signed a corresponding agreement in Munich extending the Munich Catalysis Alliance (MuniCat) until 2033. The partners will jointly develop even more efficient and more sustainable catalysts for the chemical industry. Continuation of the successful research partnership: TUM President Prof. Thomas F. Hofmann (left) and Clariant Catalysts Head of Research and Development Marvin Estenfelder. TUM President Prof. Thomas F. Hofmann said that the strategic partnership with Clariant is a true success story. The company's focus will now include new developments for sustainable chemistry and their transfer to industrial practice. Catalysts play a crucial role in chemical reactions, accelerating them and making them more energy-efficient.

November 2023- India's state-run Oil and National Gas Corp said it witnessed a drop in oil and gas output in July-September due to lower volumes from matured fields and weather-related disruptions. However, production from new projects in coming quarters would more than offset that decline. 

July 2023- Swiss specialty chemicals maker Clariant (CLN.S)on Friday said it still expected the second half of 2023 to be stronger than the first, with higher revenue and profit driven by a strong catalysts order book, after second-quarter profit beat its forecast. The comments come as European chemicals makers, including Clariant, have been slashing their annual outlooks over the last month on the back of muted end-market demand, ongoing customer destocking, and weak commodity chemical spreads. The result was helped by price hikes in its catalysts business and higher-than-expected gains from the sale of its quats business, it said. Clariant CFO Bill Collins said in a call that the catalysts results ended up being a little bit better than the company expected due to very, very strong shipments in the final days of June.

 The Commodity Chemicals Market segmentation, based on product includes Ester, Ether, Amine, Alcohol, Aliphatic Hydrocarbon, Aromatic Hydrocarbon, Chlorinated Solvents, Ketones, Fatty Chemicals, Chelating Agents and Others. The ester segment dominated the market.