Industry News
Chemical Industry News
APLA ’24: Ecopetrol undertaking 21 road projects with asphalt made from recycled plastic waste – exec
CARTAGENA, Colombia (ICIS)--Colombia-based energy company Ecopetrol is providing asphalt produced from recycled plastic waste in 21 road projects in the country, an executive said. “A year ago,...
APLA ’24: Ecopetrol produces first batch of SAF, begins testing – exec
CARTAGENA, Colombia (ICIS)--Colombia-based energy company Ecopetrol has produced its first 20,000 barrels (bbl) of jet fuel with a sustainable aviation fuel (SAF) component and is starting to test it...
Europe glycol ethers prices steady in subdued market
LONDON (ICIS)--Spot prices in Europe for E&P series glycol ethers were steady into mid-November with stagnant market fundamentals largely persisting from the beginning of the month. Sentiment...
MOVES: Former LANXESS exec to lead SGL Carbon
LONDON (ICIS)--SGL Carbon has appointed Andreas Klein as its new CEO, effective 1 January 2025, the Germany-based carbon products company said on Tuesday. Klein is head of SGLs largest business unit,...
APLA ’24: Argentina’s Vaca Muerta development signals energy sector transformation – economist
CARTAGENA, Colombia (ICIS)--Argentina's Vaca Muerta oil and gas formation is showing significant progress, with current oil production reaching 747,000 barrels/day, marking an 18% increase from...
Plant status: Thailand’s PTTGC updates 2025 turnaround plan for No 2 cracker
SINGAPORE (ICIS)--Here is a plant status report: Name: PTT Global Chemical (PTTGC) Location: Map Ta Phut, Thailand Product: Ethylene, propylene Capacity (tonnes/year): 515,000 ethylene, 295,000...
Plant status: S Korea’s Hyundai Chemical cancels 2025 cracker overhaul
SINGAPORE (ICIS)--Here is a plant status report: Name: Hyundai Chemical Location: Daesan, South Korea Product: Ethylene, propylene Capacity (tonnes/year): 850,000 (ethylene), 500,000 (propylene)...
Canada chemical industry capacity utilization inches down to 74.8% in September
TORONTO (ICIS)--Canada’s manufacturing capacity utilization fell month on month in September, as did utilization in the country’s chemical industry, according to the latest data by federal agency...
Shippers book capacity at Lanzhot amid stable supplies from the east
Bookings at the Lanzhot Slovak-Czech interconnector to flow Russian supplies to Slovakia via Ukraine remained stable at start of week 47 Russian volumes reaching the EU on this route did not decrease...
APLA ’24: Women face persistent workplace and travel safety challenges – chems execs
CARTAGENA, Colombia (ICIS)--A discussion among industry leaders has highlighted ongoing challenges women face in workplace equality and business travel safety, with experts warning that salary parity...
APLA ’24: Latin America poised for strategic growth amid global shifts – economist
CARTAGENA, Colombia (ICIS)--Latin America stands at a crucial turning point as global economic and political dynamics shift, with significant opportunities in energy, food security and technological...
Europe orthoxylene buyers worry over uncertain Asian supply for 2025
LONDON (ICIS)--Orthoxylene (OX) imports from northeast Asia have become a key topic in the European market, as material flows from the region may be more restricted in 2025. According to several...
Canada CPI inflation accelerates to 2.0% in October
TORONTO (ICIS)--Canada’s inflation, as measured by the consumer price index (CPI), accelerated to a 2.0% year-on-year pace in October, from 1.6% in September, according to data by federal agency...
Exchange agreement to aid Montenegro’s EU power market coupling plans
Montenegrin Power Exchange signed agreement with BSP Exchange This could boost spot liquidity across Montenegro and CEE Montenegro and Italy could couple their power spot markets by 2026 WARSAW...
Europe styrene spot trade ticks up as offers decrease
LONDON (ICIS)--Spot market activity increased late in the week ended 15 November, as players took advantage of reduced offers. "It has been quiet, but then the phones go crazy," one market...
Europe benzene spot trade thin as reduced supply balances weak demand
LONDON (ICIS)--Spot activity slowed in the Europe benzene market in the week ended 15 November, although trade for November and December was reported. "I do not see any supply issues," one...
US housing starts fall 3.1% in October, led by single-family starts
HOUSTON (ICIS)--US housing starts fell 3.1% month on month to an annual rate of 1.311 million, led by a 6.9% decline in the more plastics-intensive single-family housing segment, to 970,000,...
Iran ammonia exports up 26% year on year in January-October
LONDON (ICIS)--Exports of ammonia from Iran increased by 26% in January-October 2024 year on year, according to customs data. Most of the product was shipped to India, followed by Turkey. Recently...
APLA ’24: Brazil’s chemicals, industry likely to need more protectionism in 2025 – Abiquim
CARTAGENA, Colombia (ICIS)--Brazilian chemicals producers may require yet more protectionist measures in 2025 to cushion them from the global oversupply of industrial goods as China - the most...
APLA ’24: AI the next frontier in chemical distribution – Pochteca CEO
CARTAGENA, Colombia (ICIS)--Artificial intelligence (AI) holds great promise to make chemical distribution more efficient and profitable as it can tap into a tremendous amount of data that...