Qatar's Export Unit Value Index for the second quarter recorded an increase of 17.64% compared to the previous year, thus reflecting higher unit values of exported goods and demonstrating the resilience of the Qatari economy amid international developments.
Air Products has expanded the hydrogenation capabilities of its Chemicals and Refinery Process Lab at its Global Corporate Headquarters in Allentown, Pennsylvania, strengthening its support for customers across refining, chemicals, pharmaceutical, and flavours and fragrances industries.
Schütz, a global leader in the production of industrial transport packaging, has started work on the production facility for intermediate bulk containers (IBC) at global chemicals company BASF’s plant in Ludwigshafen, Germany. The project commissioning is due for summer 2027.
Fitch Ratings has maintained its ‘deteriorating’ sector outlook for global chemicals for 2026, reflecting structural oversupply and demand destruction risks triggered by increasing production costs, despite temporary tightness due to disruption in the Strait of Hormuz.
PeroCycle, a pioneer in closed-loop carbon recycling based in UK, has announced strategic partnerships that will accelerate development and global commercialisation for a technology that addresses the urgent need to decarbonise foundation industries such as steel, cement, and chemicals.
Saudi chemicals giant Sabic has signed an agreement with electric vehicle maker Ceer to explore the use of advanced materials in the design and manufacture of EV units in the kingdom.
The Middle East conflict has disrupted hydrogen-based supply chains critical to fertilisers, refining and chemicals, exposing vulnerabilities. While global hydrogen demand exceeded 100 million tonnes in 2025, high costs and infrastructure gaps continue to hinder low-emissions hydrogen growth.
Ta’ziz and Alpha Dhabi Holding announced at the Make it in the Emirates platform, a strategic collaboration agreement for ~$10 billion in capital investment in new industrial chemicals in the Ta’ziz industrial chemicals ecosystem in Al Ruwais Industrial City.
TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.
The prolonged closure of Strait of Hormuz, lasting significantly longer than a month, would negatively affect global chemical production, with Mideastern and Asian producers most affected. Chemical production costs may hit a new high and global supply chains could get disrupted, said a report.
