Industry News
Chemical Industry News
APLA ’24: Argentina shows signs of recovery amid energy sector growth – Brenntag
CARTAGENA, Colombia (ICIS)--Argentina is demonstrating renewed strength in its chemical and energy sectors, despite historical economic challenges, according to an executive at chemicals distributors...
US MMA steady in November; focus shifting to 2025
HOUSTON (ICIS)--US methyl methacrylate (MMA) is not seeing any major supply and demand changes in November. Spot prices are heard to have fallen in the fourth quarter, however, due to a seasonal...
Abraxas Power and EDF Group to jointly develop Canada green hydrogen and ammonia project
HOUSTON (ICIS)--Abraxas Power Corp and EDF Group have announced they entered into a strategic development agreement to jointly develop the Exploits Valley Renewable Energy Corporation (EVREC) green...
APLA ’24: Brenntag expects Lat Am volume growth in 2025 amid challenging conditions – exec
CARTAGENA, Colombia (ICIS)--Germany-based chemical distributor Brenntag expects single-digit volume growth to continue in Latin America in 2025 but with the supply overhang continuing to weigh on...
APLA ’24: Brenntag aims to expand footprint in Brazil and Mexico via M&A, organic growth – exec
CARTAGENA, Colombia (ICIS)--Germany-based chemical distributor Brenntag will focus on expanding its business in Brazil and Mexico in particular in Latin America through acquisitions and organic...
US gasoline supplies rise by more than expected as demand slips
HOUSTON (ICIS)--US gasoline supplies rose during the week ended 15 November, thanks in large part to a decline in demand. Gasoline stocks increased week on week, according to the US Energy...
APLA ’24: Latin America chemicals demand growth to outpace supply, leading to more imports – ICIS
CARTAGENA, Colombia (ICIS)--Latin America chemicals and plastics demand will continue growing at a faster pace than global demand, but supply additions will be challenged, leading to increasing...
CRUDE SUMMARY: Crude benchmarks volatile as Ukraine-Russia conflict fears escalate
Fears of Russian retaliation after Ukraine deploys US-made missiles persist Johan Sverdrup oilfield resumes full production following power outage US EIA data suggests weaker gasoline demand LONDON...
APLA ’24: Global chemicals demand growth shifts to southern hemisphere – ICIS
CARTAGENA, Colombia (ICIS)--Global chemicals and plastics demand growth will shift to regions in the south, including South America, Africa and southeast Asia, an analyst at ICIS said. “The pace of...
APLA ’24: Vaca Muerta to double Argentina oil and gas production by 2030, allow for new chem projects – YPF
CARTAGENA, Colombia (ICIS)--Growing production in Argentina’s Vaca Muerta shale formation should double oil and gas volumes in the country by 2030, enough for new petrochemicals projects, as rising...
BASF eyes geothermal energy for Germany Ludwigshafen site
LONDON (ICIS)--BASF has signed a memorandum of understanding (MOU) with Australia-listed Vulcan Energy Resources to explore the use of geothermal energy at its Ludwigshafen chemical production hub in...
Europe November SBR contracts stable to slightly higher on limited feedstock movement
LONDON (ICIS)--European styrene butadiene rubber (SBR) contracts for November contract prices were assessed stable to very slightly higher due to upstream BD previously emerging at a rollover and...
US DOE will release LNG study before Trump takes office
• DOE secretary says study will publish by end of year • New analysis was stated reason for DOE’s LNG export permit pause • Despite tight timeline, study could complicate Trump’s effort to...
N America chemical rail traffic falls due to Canada port disruptions
HOUSTON (ICIS)--North American chemical rail traffic fell for the first time in five weeks, with loadings for the week ended 16 November down 1.9% year on year to 47,814, according to the latest...
Feedstocks nudge up European refinery solvents numbers
LONDON (ICIS)--Average solvent naphtha (C9), hexane and white spirit numbers saw an upward trend this week in the European market, with feedstocks driving prices up. Hexane remains the tighter of the...
GLM MARKET COMMENT: Special US-EU LNG deal could undermine EU methane emission limits
LONDON (ICIS)--At the global conference on climate change this week, discussions have focused on methane emissions from waste rather than fossil fuels. But tackling emissions from fossil fuels is...
TTF priced to attract LNG with narrow discount to EAX
European markets move to discount to East Asia as Russian flows persist Early storage withdraws due to higher demand supporting continental prices Discount may widen as British and EU berthing slots...
Chemical distributor Azelis expands with acquisition in Finland
LONDON (ICIS)--Azelis has agreed to acquire Haarla Oy, a Finnish specialty distributor of industrial chemicals and food ingredients. Haarla, based in Tampere, has 31 employees serving more than 300...
North Macedonia’s MEMO readies for SDAC coupling by end of 2025
MEMO talks to ICIS on its upcoming plans of taking steps for market coupling with neighboring EU countries The exchange aims for successful integration of the Macedonian electricity market into the...
Hexane bucks trend for Europe’s refinery solvents before destocking starts
LONDON (ICIS)--European refinery solvents markets are largely limping towards year-end – although hexane could be bucking the trend. Hexane demand bolstered by exports and oil extraction season...