Industry News
Chemical Industry News
US September chem production falls slightly
HOUSTON (ICIS)--US production of basic chemicals and synthetic materials fell by less than 1% month on month and year on year, according to statistics released on Wednesday by ICIS. The following...
CRUDE SUMMARY: Crude prices rally on US inventory draw, OPEC+ production hike delay
US crude inventories edged down last week US labor softened in September as job openings fall OPEC+ production increase likely delayed until January as demand remains weak LONDON (ICIS)--Crude oil...
N American weekly chemical rail traffic rises 1.7% year on year, US up 4.8%
HOUSTON (ICIS)--North American chemical rail traffic rose 1.7% year on year to 46,603 loadings for the week ended 26 October, according to the latest freight rail data from the Association of...
US pending home sales jump 7.4% on lower mortgage rates, more inventory
HOUSTON (ICIS)--US pending sales of existing homes rose 7.4% month on month in September, as buyers took advantage of lower mortgage rates in late summer and more inventory choices, the National...
UK to accept fuel-exempt mass balanced chemical recycling in UK plastic packaging tax
LONDON (ICIS)—The UK government will support the use of mass balance for chemical recycling under the UK plastic packaging tax using a fuel-exempt accounting approach at site-level, it published in...
Poland’s Azoty Pulawy expresses interest in Skodowski renewable ammonia project
LONDON (ICIS)--Grupa Azoty Pulawy said on Wednesday that it had signed a letter of intent expressing interest in cooperating with fellow Polish company Sklodowski in a project that will produce...
US GDP growth slows to 2.8% annual pace in Q3
HOUSTON (ICIS)--The US economy expanded at an annualized 2.8% pace in the third quarter, according to an “advance estimate” by the Bureau of Economic Analysis (BEA) on Wednesday. Growth was below...
Axalta sees raw material markets ‘balanced’, updates guidance
HOUSTON (ICIS)--Axalta Coating Systems sees most raw material markets as “balanced at this time", chief financial officer Carl Anderson said in an update on Wednesday. Although pockets of inflation...
UK budget statement fails to answer most energy questions
Reeves first budget raises windfall taxes but offers minimal detail on energy It confirms funds to set up GB Energy company and nascent technologies Funding for renewables and infrastructure remain...
GLM COMMENT: All eyes on US election as Trump talks LNG
HOUSTON (ICIS)--The upcoming US presidential election will signal long-term shifts for the LNG industry depending on outcome. In the near term, market conditions will remain a key factor in...
Poland’s largest CCGT to cover more than 5% of power demand
Poland’s new Gryfino Dolna Odra 1,366MW CCGT will cover 5% of the country’s national electricity demand This could support gas demand for power generation, help balance the grid in time of need...
Cepsa rebrands as Moeve to promote its low-carbon transformation
BARCELONA (ICIS)--Spanish energy and chemicals group Cepsa has rebranded as Moeve in a move which aims to highlight its transformation into a sustainable energy and mobility company. The company is...
US butac prices decline in October on feedstock costs, demand
HOUSTON (ICIS)--US butyl acetate (butac) contract and distributor prices declined from September to October due to declining feedstock prices and lackluster demand. Both spot export and distributor...
Stepan’s US Pasadena alkoxylation site 99% complete, on track for December start-up
HOUSTON (ICIS)--Stepan’s Pasadena, Texas, alkoxylation site is 99% complete and is on track to start up in December 2024, according to the company’s Q3 earnings report released on Wednesday. The...
Stepan’s Q3 adjusted EBITDA growth carried by strong surfactants demand
HOUSTON (ICIS)--Stepan’s adjusted EBITDA growth was driven by growth in several end markets in surfactants including agricultural chemicals, oilfield, construction and industrial solutions,...
US styrene market outlook steady to softer through Q4
HOUSTON (ICIS)--The US styrene market outlook appears steady through Q4 as maintenance activities wind down and the hurricane season concludes. Spot prices are under downward pressure due to...
Sanofi spins out its consumer healthcare business
US-based investment firm takes controlling stake in Opella, while France’s government moves to ensure the company remains in the country
Did AI just win the Nobel prizes in physics and chemistry?
The importance of the expert eye in scientific progress
Bi-fuel hydrogen injection in conventional diesel engines as an option for the use of green hydrogen in shipping
In autumn 2024, the Maritime, Plant Engineering and Logistics department at the Warnemünde site achieved a key sub-goal in the research project "Use of offshore H2 in coastal shipping" - known as OH22KuesSe for short.
Are Indian higher education institutes gaming the ranking system?
Concerns continue to be raised about students being misled by the Indian government’s flagship scheme