Industry News
Chemical Industry News
Argentina poised to announce first deal for proposed LNG export project
YPF to announce MOU for long term agreement Techpetrol plans separate LNG project Argentina expands gas production and transport capacity Argentina’s state-run YPF will soon announce a memorandum...
Warmer winter forecasts could pressure European energy prices
Warmer winter season expected - MetDesk This is likely to cap European heating demand and energy price spikes while warmer conditions in Asia could also limit competition for global LNG supply Strong...
Peru July PP imports higher month on month
SAO PAULO (ICIS)--Peru polypropylene (PP) imports increased by 10% in July month on month, totaling 23,291 tonnes, according to the latest figures from the ICIS Supply & Demand database. On an...
FAKUMA ’24: Foggy path ahead for Europe polymers
FRIEDRICHSHAFEN (ICIS)--A thick morning mist hung over Lake Constance, as thousands gathered at the lakeside city of Friedrichshafen, Germany, for the Fakuma plastics trade fair. It is a fitting...
Plant status: Shell Europe MEK production to close in H1 2025
LONDON (ICIS)--Here is a plant status report: Name: Shell Location: Pernis, the Netherlands Product: Methyl ethyl ketone (MEK) Capacity (tonnes/year): 90,000 Event start: March-May 2025 Event finish:...
PODCAST: Players face up to reinvention of chems sector post-EPCA
LONDON (ICIS)--Chemicals sector executives are increasingly facing up to the idea that the sector is going through a process of reinvention, with no big recovery on the horizon and a return to...
US retail and food services sales rise 0.4% month on month, year-on-year pace slows
HOUSTON (ICIS)--Headline US retail and food services sales for September were $714.4 billion – up 0.4% from August and up 1.7% year on year from September 2023, according to US Census Bureau data...
Twenty ways AI is advancing chemistry
List reveals how machine learning is already changing the central science
How AI protein structure prediction and design won the Nobel prize
David Baker, Demis Hassabis and John Jumper won this year’s Nobel prize in chemistry. Jamie Durrani investigates the origins of a biochemistry revolution
The CaSE for engagement in research
Discussions shed light on how the public would like to contribute to R&D
BASF receives funding approval for the construction of the world’s largest industrial heat pump for CO2-free steam generation
BASF has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s most powerful industrial heat pump. In the coming months, the company will therefore
Bee-friendly protection for plants
The increasing global demand for plant-based foods makes the use of pesticides necessary in order to protect crops from pests and ensure crop yields. However, there is one major disadvantage: among others, the widespread use
A quick and easy way to produce anode materials for sodium-ion batteries using microwaves
The research team led by Dr. Daeho Kim and Dr. Jong Hwan Park at the Nano Hybrid Technology Research Center of the Korea Electrotechnology Research Institute (KERI) has developed a groundbreaking process technology that enables
US PPG expects 2024 earnings to be on low end of guidance
HOUSTON (ICIS)--PPG expects 2024 adjusted earnings to be on the low end of its guidance, the US paints and coatings producer said on Wednesday. The following table shows the company's 2024 guidance....
US Phillips 66 to shut down Los Angeles refinery in California
HOUSTON (ICIS)--Phillips 66 plans to shut down its refinery in Los Angeles, California, in the fourth quarter of 2025, the US-based refiner said on Wednesday. “With the long-term sustainability of...
Gasification stalled: Why common pitfalls are holding back the next wave of facilities
NEW YORK (ICIS)--The gasification* of mixed waste, including plastics and non-plastics, has consistently faced various challenges. The end of 2022 was a significant confidence booster for the...
SHIPPING: Asia-US container rates tick lower as backlog at EC ports lingers
HOUSTON (ICIS)--Rates for shipping containers from east Asia and China to the US continue to face downward pressure after an early end to the peak pre-holiday shipping season, but backlogs at some...
CRUDE SUMMARY: Volatility grips oil benchmarks as market assesses Middle East conflict
Market participants gripped by uncertainty regarding Middle East conflict US dollar index climbs, limiting buying activity US EIA oil inventory data out on Thursday LONDON (ICIS)--Oil prices were...
SPOTLIGHT: Most popular stories – polyols shutdown, Europe restructuring, recycling bankruptcy, hurricanes and China stimulus
NEW YORK (ICIS)--Here are the Top 5 most-read news stories and key themes in the past week to 15 October, captivating our readers in today’s dynamic market. In an increasingly competitive market,...
Brazil’s Senate approves EU Reach-like rules to increase chemicals control
LIMA (ICIS)--Brazil’s Senate approved on 15 October the creation of a National Inventory of Chemical Substances aiming at “reducing negative impacts” of toxic chemicals on human and...