Topic
polymer
Commodities Deadly Fire at Russia's Amur Polymer Hub Clouds Launch of Asian Export Stream
A deadly fire at Russia's $12bn Amur Gas Chemical Complex has thrown uncertainty over the imminent launch of a massive new polymer export stream destined largely for Asian markets, according to Splash247. Seven people were killed and more than 130 injured in the incident during commissioning. The complex, a Sibur-Sinopec joint venture, was set to produce 2.3 million tonnes of polyethylene and 400,000 tonnes of polypropylene annually.
Business India Approves 2 Billion Polymer Banknotes for Field Trials as RBI Revives Plastic Currency Plan
The Indian government has authorised the Reserve Bank of India to print an initial batch of 2 billion polymer banknotes for field trials, with one billion Rs 10 notes and one billion Rs 20 notes. Minister of State for Finance Pankaj Chaudhary clarified that paper currency will not be replaced entirely. The move revives a proposal first announced in 2012 and comes as RBI's note printing expenditure fell nearly 25% to Rs 4,875 crore in 2025-26.
Commodities Polymer Notes: India's Potential Shift in Currency Material
The Reserve Bank of India is exploring the introduction of polymer currency notes to improve durability and security. This move could significantly reduce printing costs and counterfeiting risks.