Industry News
Chemical Industry News
Plant status: Vynova’s Mazingarbe, France PVC maintenance concluded in September
LONDON (ICIS)--Here is a plant status report: Name: Vynova Location: Mazingarbe, France Product: Polyvinyl chloride (PVC) Capacity (tonnes/year): 255,000 Event start: H2 September Event finish:...
Europe glycol ethers prices still under pressure as destocking period draws closer
LONDON (ICIS)--Spot prices for E&P series glycol ethers in Europe have slipped in November as relatively weak market fundamentals persist with few signs of things turning up anytime soon....
US Mosaic Q3 revenues down 21% year on year due to lower prices
LONDON (ICIS)--US fertilizer producer Mosaic announced financial results for Q3 2024, with revenues at $2.8 billion, down 21% year over year, which the company primarily attributed to lower selling...
Nippon Shokubai acquires JSR’s emulsion business
LONDON (ICIS)--Nippon Shokubai has agreed to acquire the shares of JSR’s emulsion business, Emulsion Technology (E-TEC), it said on Tuesday. E-TEC manufactures and sells construction, civil...
TTF-US FOB LNG spread could narrow in Q1 ’25
Low rates support some US FOB demand and stable spreads to TTF for now But this will erode into 2025 and could see spreads narrow Remains to be seen if lower seasonal spreads will also
Serbia and Azerbaijan to work on new gas-fired plant
Serbia and Azerbaijan announce gas cooperation plans The plans include a new plant of up to 1GW capacity, set to support local gas demand, aid Serbian power grid Both governments to release more...
MARGINS: Europe PE margins down on firmer naphtha costs, softer pricing
LONDON (ICIS)--Polyethylene (PE) margins in Europe fell week on week due to a combination of firmer feedstock costs and softer product and co-product credits, ICIS Margin Analysis showed on Tuesday....
CORRECTED: Rising demand, cold snap to keep centraleast European power spot bullish
(Correction: In the third paragraph, the price of the most expensive hour for 13 November delivery on HUPX has been amended) Hungarian exchange spot price clears at €355.32/MWh for 13 November...
INSIGHT: Mexico’s manufacturers hopeful USMCA renegotiation could spare them from tariffs
SAO PAULO (ICIS)--Policymakers and companies in Mexico are coming to terms with a potential shift in trade policies in the US after Donald Trump’s decisive victory in the presidential election last...
Brenntag Q3 sales flat, operating EBITDA falls amid pressure on selling prices
LONDON (ICIS)--Brenntag’s third-quarter sales were nearly unchanged year on year at €4.1 billion but operating earnings before interest, tax, depreciation and amortization (EBITDA) fell 7.1% amid...
Mexico in strong position to renegotiate USMCA, tariff panic premature – Braskem Idesa exec
SAO PAULO (ICIS)--A potential US import tariff of 10% on Mexican goods is looming large on the country's export and petrochemicals-intensive manufacturing sectors, but it is early days and the...
Mexico chem output flat in September amid wider manufacturing slowdown
SAO PAULO (ICIS)--Chemicals output in Mexico rose by 0.2% in September, year on year, amid an overall slowdown in manufacturing growth of just below 1%, the country’s statistics office Inegi said...
The race to commercialise nuclear-powered batteries
‘Radiovoltaic’ devices can deliver long-lasting power to pacemakers, planetary rovers and more
MARGINS: Europe naphtha-based MEG margins down, LPG-based contract margins rise
LONDON (ICIS)--Naphtha-based monoethylene glycol (MEG) margins in Europe dropped week on week while operators using liquefied petroleum gas (LPG) posted a slight increase in their contract margins,...
Brenntag sells India lubricants business to Shell
LONDON (ICIS)--Brenntag has agreed to sell its Indian lubricants business, Raj Petro Specialties, to Shell, the international chemicals distributor said on Tuesday. Raj Petro manufactures finished...
India October inflation at 14-month high, September industrial output up 3.1%
MUMBAI (ICIS)--Consumer inflation in India surged to a 14-month high of 6.21% in October due to a sharp rise in food and vegetable prices. The year-on-year increase in the consumer price index (CPI)...
OPEC cuts crude demand forecasts, Q3 inventories drop
LONDON (ICIS)--OPEC on Tuesday cut crude oil demand growth forecasts for 2024 and 2025, while global crude stocks fell slightly during Q3. The organization expects global crude demand to grow 1.8...
Nanoplastics found to interfere with activity of antibiotic
Microscopic polymer pieces can decrease efficacy of drug
Bayer: Strategic progress in challenging business environment
The Bayer Group has reported third-quarter sales that were level with the prior-year period on a currency- and portfolio-adjusted basis (Fx & portfolio adj.), while earnings declined. From a strategic perspective, the company made further progress.
New technology for solid state batteries
The start-up Qkera has developed new electrolyte components for solid state batteries. With high energy density, great stability and low production costs, the goal of the TUM spin-off is to achieve a breakthrough of this