Industry News
Chemical Industry News
Old becomes new – how new chemical products are made from used frying oil
Every year, 119 million tons of used vegetable oil are produced worldwide, mainly from commercial kitchens and restaurants. Only a small proportion of this is reused, for example in the production of fuels such as
US John Deere announces upcoming layoffs at Illinois and Iowa facilities
HOUSTON (ICIS)--US equipment manufacturer John Deere has announced it is undertaking layoffs effective 3 January 2025 at facilities in Illinois and Iowa. The company said this action is the result of...
MOVES: Sage Potash Corporation appoints Reum as CFO
HOUSTON (ICIS)--Canadian potash developer Sage Potash Corporation announced it has appointed Rod Reum as chief financial officer (CFO) effective immediately. The company, which holds the Sage Plain...
US Phillips 66 hit with $604.9 million verdict in fuel trade secrets case
HOUSTON (ICIS)--Phillips 66 faces a $604.9 million jury verdict in a case over renewable fuels trade secrets, the US-based refiner said on Thursday. Phillips 66 was sued by Propel Fuels in the...
Plant status: Braskem shuts down Alagoas PVC plant for maintenance
HOUSTON (ICIS)--Here is a plant status report: Name: Braskem Location: Maceio, Alagoas, Brazil Product: Polyvinyl chloride (PVC) Capacity (tonnes/year): 460,000 (Plants 1 and 2) Event start: 12...
Plant status: Braskem Alagoas caustic soda, chlorine plant under maintenance
HOUSTON (ICIS)--Here is a plant status report: Name: Braskem Location: Maceio, Alagoas, Brazil Product: Caustic soda and chlorine Capacity (tonnes/year): 448,000 caustic soda; 400,000 chlorine Event...
Aerospace backlog more than offsets disruption from Boeing strike – PPG
HOUSTON (ICIS)--The strike at Boeing has not slowed down PPG's aerospace business because of its large backlog of orders, the US-based paints and coatings producer said on Thursday. The International...
CRUDE SUMMARY: Mixed supply and demand fundamentals results in volatile oil trading
Expectations of global interest rate cuts brighten 2024 demand outlook US EIA reveals declines in US crude, gasoline and distillate stocks US dollar index continues on upward trajectory following US...
US gasoline supplies drop despite rise in refinery utilization rates
HOUSTON (ICIS)--US gasoline supplies declined for the week ended 11 October, despite a rise in refinery utilization rates. Gasoline stocks fell week on week, according to the US Energy Information...
US PPG starts 2025 raw material talks amid ample supply chains
HOUSTON (ICIS)--PPG has started negotiations with suppliers for its 2025 contracts at a time when supply chains for its raw materials are ample, the CEO of the US-based paints and coatings producer...
INSIGHT: Decarbonized chemicals, plastics gain momentum with multiple production pathways
NEW YORK (ICIS)--Momentum is building in the zero-to-low carbon chemicals and plastics space with many different pathways to production that will give customers more options to reduce their carbon...
Auto builds to rise in 2025 after decline in 2024 – US PPG
HOUSTON (ICIS)--PPG expects auto production will increase year on year in 2025 after declining in 2024 because of unscheduled downtime by producers, particularly in the US and Europe, the CEO of the...
Europe PET/PTA markets poised for possible shift in freight costs
LONDON (ICIS)--Costs of transhipments to Europe continue to slip, but talk of them potentially bottoming out has caused another whirl of uncertainty in the European polyethylene terephthalate (PET)...
Europe HSFO, VLSFO barge values for September slide further amid crude softness
LONDON (ICIS)--Weaker Brent crude oil prices have pushed down barge average values of European high-sulphur fuel oil (HSFO) and very-low sulphur fuel oil (VLSFO), according to ICIS data. European...
US home builder confidence improves, but affordability remains low
HOUSTON (ICIS)--US builder confidence in the market for newly built single-family homes improved for a second consecutive month in October, the National Association of Home Builders (NAHB) reported...
EU Council agrees to delay EUDR implementation, vote on Nov 13-14
HOUSTON (ICIS)--On 16 October the European Council agreed to the proposal from the European Commission to postpone the implementation of the EU Deforestation Regulation (EUDR) by one year. “This...
UK gas-for-power demand likely to rise in November amid interconnector outages
An unplanned outage on the IFA2 interconnector between the UK and France has been extended until 17 November The UK’s interconnector capacity with France will be reduced from 4GW to 2GW for the...
US industrial production falls 0.3% in September amid Boeing strike, hurricanes
HOUSTON (ICIS)--US industrial production fell 0.3% month on month in September, partly because of the strike at Boeing and the effects of two hurricanes, the US Federal Reserve reported on Thursday....
Europe SBR October contract prices drop on upstream styrene, spot prices slip
LONDON (ICIS)--European styrene butadiene rubber (SBR) October contract prices have been assessed at double-digit decreases following upstream styrene price losses this month. October SBR contracts...
This year’s chemistry Nobel proves it’s hard to make predictions
It’s been a long journey from the myoglobin model