Industry News
Chemical Industry News
Canada port strike could cost fertilizers C$9.7 million/day
HOUSTON (ICIS)--The strike at the ports in British Columbia province could cost the Canadian fertilizer industry Canadian dollars (C$) 9.7 million ($7.0 million) per day, according to the trade group...
INSIGHT: Pile of chemical assets under strategic review grows. Who’s buying?
NEW YORK (ICIS)--Dow’s announcement that it will put its European polyurethanes (PU) business under strategic review adds to the growing pile of assets being evaluated for sale, restructuring or...
PACKEXPO ’24: Pharmaceutical packaging expected to be largest growing sector between 2023 and 2028
HOUSTON (ICIS)--The pharmaceutical sector expects to be the largest growing sector in the packaging industry, with 7.3% expected growth between 2023 and 2028, according to Jorge Izquierdo, Vice...
PACKEXPO ’24: Steady growth expected for on-the-go food packaging – market participants
HOUSTON (ICIS)--On-the-go food packaging demand is expected to steadily grow in 2025, according to market participants at this year’s PackExpo. Recently, consumer buying trends have shifted to more...
Lower rates to prop up Chemours demand in 2025, portfolio changes discarded for now – CEO
SAO PAULO (ICIS)--Amid issues in many of the markets it serves, Chemours is hopeful lower interest rates in the US and Europe into 2025 could prop up demand, the CEO at the US-based titanium dioxide...
PACKEXPO ’24: Sustainability at forefront of market trends in packaging
HOUSTON (ICIS)--Sustainable packaging continues to be at the forefront of market trends in the packaging industry, according to Jorge Izquierdo, Vice President of Market Development at PMMI. Many...
PACKEXPO ’24: Bottled beverage sector remains resilient making up 15% of packaging revenue in 2023
HOUSTON (ICIS)--The bottled beverage sector continues to be resilient through macroeconomic headwinds, making up 15% of total revenue for the packaging industry in 2023, according to data from Jorge...
PACKEXPO ’24: Food packaging sector expected to grow 6.3% between 2023 and 2028
HOUSTON (ICIS)--The food packaging sector is expected to grow 6.3% between 2023 and 2028, according to data from Jorge Izquierdo, Vice President, Market Development at PMMI. The drivers for growth in...
Americas/EMEA base oils supply outlook: Week of 4 Nov
SINGAPORE (ICIS)--US base oils premium to vacuum gasoil (VGO) steadies after sustained slide since mid-September 2024. Premium remains at level that curbs pressure on refiners to adjust output in...
MOVES: Braskem appoints Roberto Ramos as CEO
SAO PAULO (ICIS)--Braskem is to appoint Roberto Ramos CEO, effective 1 December, the Brazilian petrochemicals major said on Monday. Ramos was nominated to the post by Braskem’s largest shareholder...
Americas/EMEA base oils demand outlook: Week of 4 Nov
SINGAPORE (ICIS)--US domestic base oils demand likely to weaken further from late-November 2024 and stay muted well into Q1 2025. Seasonal slowdown in demand puts additional pressure on overseas...
Global base oils arb outlook: Week of 4 Nov
SINGAPORE (ICIS)--Europe’s Group III base oils prices fall in recent weeks amid weaker supply-demand fundamentals. Source: ICIS Europe’s Group III price premium to prices in Asia falls to...
Japan ammonia imports up by 39% year on year in January-September 2024
LONDON (ICIS)--Imports of ammonia into Japan increased by 39% in January-September 2024 compared with the same period last year, according to customs data. More than half of Japan’s ammonia imports...
Global base oils margins outlook: Week of 4 Nov
SINGAPORE (ICIS)--Base oils price premium to vacuum gasoil (VGO)/competing fuel prices holds in narrower range in Europe and Asia over past month. Steadier premiums at firm levels incentivize...
FBMC WEEKLY: Weak wind, hydro to support spot power prices through week 45
LONDON (ICIS)-- Low wind and precipitation forecasts in Europe are expected to add support to spot prices across the flow-based market coupling (FBMC) region through week 45. France continues its...
India Q4 phos acid price settles at increase in subdued market
LONDON (ICIS)--The settlement of the Q4 phosphoric acid price in India at an increase failed to spark any activity in the country, as imported diammonium phosphate (DAP) prices remain high. India...
New database highlights gaps in plastic monitoring efforts
Certain types of plastic products are rarely studied in detail, while many monitoring campaigns focus on a small number of well-known hazardous chemicals
Skeletal editing technique removes nitrogen atoms from rotaxanes
Reaction breaks and repairs a rotaxane’s axle without allowing its ring to slide off
Porsche may acquire stake in Varta and majority stake in e-mobility division “V4Drive”
The German Federal Cartel Office has approved the acquisition of a non-controlling interest in Varta AG by Porsche AG. The acquisition of the majority of shares in and sole control over V4Drive Battery GmbH by
Fundamental quantum model recreated from nanographenes
Quantum technologies exploit the unusual properties of the most fundamental building blocks of matter. They promise breakthroughs in communication, computing, sensors and much more. However, quantum states are fragile, and their effects are difficult to