Adani Enterprises Ltd has formed a significant equal partnership with Thailand’s Indorama Resources, marking its entry into India’s expanding petrochemical sector. The joint venture, Valor Petrochemicals Ltd., will construct a state-of-the-art 3.2 million-ton purified terephthalic acid (PTA) plant in Maharashtra, representing a USD 3 billion investment in India’s chemical manufacturing capacity.

The venture follows Adani’s recent USD 2 billion exit from its Wilmar International partnership and aligns with the group’s diversification strategy. Adani Petrochemicals Ltd., a wholly owned subsidiary, is simultaneously developing a 2 million metric ton PVC production facility, with half the capacity expected online next year.

The partnership leverages Indorama Ventures’ global expertise in petrochemical production, particularly in Combined PET, Indovinya, and Fibers segments. Industry sources indicate potential future expansion into the Mundra region, suggesting a broader petrochemical strategy for the joint venture.

The deal positions Adani Enterprises to capitalise on India’s growing petrochemical demand while expanding its portfolio beyond current operations in airports, data centres, defence and aerospace, and solar manufacturing. Market analysts view this as a strategic move to establish a significant presence in India’s petrochemical value chain, particularly as domestic demand for PTA continues to rise.

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Pyrum Innovations AG has secured unlimited delivery approval from Continental for its ThermoTireBlack (TTB), a recovered carbon black produced at the company’s new milling and pelletising facility in Dillingen/Saar. Following the approval, Continental officially commissioned all units tied to the plant expansion at Pyrum’s main site.

The milling and pelletising plant shifted to regular production in April 2026, operating at a capacity of 750 kilogrammes per hour. A short-term capability analysis conducted by Pyrum confirmed that ThermoTireBlack delivers consistent process conditions and stable, reproducible quality. After a subsequent audit, Continental granted full supply approval, specifically praising the new machine’s excellent short-term performance metric (Ppk).

This latest approval for TTB follows previous clearances granted in 2024 for the shredding plant and the TAD2 and TAD3 thermolysis reactors, giving Pyrum complete supply approval for its Dillingen/Saar facility. Through added improvement measures, the company expects to reach the target maximum TTB production volume after a planned modification in the third quarter of 2026, significantly expanding capacity and strengthening Pyrum’s role as an industrial raw material producer and pyrolysis technology leader.

Pascal Klein, CEO, Pyrum Innovations AG, said, “Continental’s unlimited delivery approval for our new milling and pelletising plant is a major milestone for Pyrum. It confirms not only the consistently high quality of our ThermoTireBlack but also the industrial maturity of our entire production chain. We are proud to meet the automotive industry’s high standards and to further expand our close and trusting partnership with Continental. With the approval of the new plant, we are laying the foundation for further growth and a significant increase in revenue in the current year.”

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The German Rubber Industry Association (wdk) has sounded an alarm over an exceptionally difficult economic situation facing the rubber sector. Soaring raw material prices and persistently high energy costs, exacerbated by the Iran war, are coinciding with weak industrial demand. wdk Chief economist Michael Berthel noted an almost unprecedented economic disparity, as raw material costs approach historical highs from 2011 and 2022 while a lack of demand prevents any offset for manufacturers.

Since the final quarter of 2025, prices for key inputs have risen sharply. Natural rubber has jumped more than 40 percent within months, while butadiene-based synthetic rubbers have increased over 30 percent. EPDM synthetic rubber, carbon black and oil-based plasticisers have all risen more than 20 percent, with some individual chemicals exceeding 40 percent cost growth in just a few weeks.

Energy prices remain a major burden, with Middle East developments fuelling market uncertainty. Risks to international transport and supply chains persist, and German rubber companies are closely watching potential impacts on raw material availability and global logistics flows.

Berthel warned that firms face mounting pressure from high costs, geopolitical instability and structural disadvantages in Germany, with no short-term relief in sight. The industry depends heavily on fair and reliable partnerships across the value chain, as processing companies alone cannot absorb the current strain. He called for fair solutions and a shared understanding of this exceptional situation.

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The Rubber Board of India has confirmed the continuation of all existing central sector schemes for the 2026-27 fiscal year at unchanged rates. Financial aid for new planting will be restricted to estates utilising poly bag or root trainer plants sourced solely from Board-approved nurseries, with applicants required to submit the original purchase bill. This mandatory verification step aims to ensure quality and authenticity of planting materials used across the sector.

Support for rain guarding and spraying operations will be channelled exclusively through Rubber Producers’ Societies. These societies must include GST bills for all acquired materials when applying. The official timeline for submitting applications will be announced separately by the Board, giving producers adequate time to prepare documentation and coordinate with their respective societies before the deadline.

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The Rubber Board of India has announced a temporary engagement for a young professional within its Market Promotion Division, located at the RRII campus in Puthuppally, Kottayam. The selected individual will assist with division activities and promote ‘mRube’, the electronic trading platform for natural rubber.

Candidates must hold an MBA in Marketing or Agri Business Management with computer knowledge, while skills in digital marketing, sales or market research and proficiency in English and Hindi are preferred. Applicants aged up to 30 years as of 1 May 2026, will be considered for the one-year role, which offers a consolidated monthly pay of INR 25,000.

Interested individuals should send their applications to the Deputy Director (Marketing) at the Central Laboratory Building, RRII, Rubber Board PO, Kottayam – 686009 by 19 May 2026. Shortlisted names will appear on the Rubber Board’s website with interview details, as no separate communication will be sent.

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