Industry News
Chemical Industry News
Argentina August PE imports higher 11% month on month
SAO PAULO (ICIS)--Argentina polyethylene (PE) imports increased by 11% month on month in August, reaching more than 24,500 tonnes, according to the latest ICIS Supply & Demand database figures....
Argentina’s Rio Tercero shuts TDI plant on global oversupply
SAO PAULO (ICIS)--Petroquimica Rio Tercero has shut its toluene di-isocyanate (TDI) plant in Cordoba on the back of global oversupply, a spokesperson for the Argentinian producer confirmed to ICIS on...
Benzene, styrene, xylenes are candidates for US chem safety review
HOUSTON (ICIS)--Benzene, styrene and xylenes are among the chemicals that US regulators could select to undergo a review process under the nation's chemical-safety law. All three xylene isomers are...
New York state manufacturing activity contracts in October
HOUSTON (ICIS)--After expanding in September, manufacturing activity in New York state contracted in October, according to the Federal Reserve Bank of New York’s monthly “Empire State...
Germany wholesale prices fall for 17th month, chemicals down 4.3%
LONDON (ICIS)--Germany’s wholesale prices fell 1.6% year on year in September, for a 17th consecutive month of year-on-year price declines, according to statistical data released on Tuesday. The...
MOVES: OCI Global CEO to step down in leadership reshuffle
LONDON (ICIS)--OCI Global’s CEO Ahmed El-Hoshy is stepping down after four years in the role as part of a wider leadership reshuffle, the Dutch chemicals and fertilizers major said on Tuesday....
New import tariff for PET comes into effect in Brazil
HOUSTON (ICIS)--On 14 October 2024, the Diario Official da Uniao published resolution GECEX No 648, which establishes new regulations for the import of polyethylene terephthalate (PET) into Brazil....
Europe’s LNG discounts remain narrow and stable
Europe’s LNG discounts stable and narrow Market not signalling need for additional spot cargoes More activity heard in Poland, Italy, Brazil, Egypt LONDON (ICIS)--LNG spot discounts for cargoes...
Europe BDO October contracts decrease on ongoing low demand, economic attractiveness of Asia material
LONDON (ICIS)--European butanediol (BDO) contracts for October settled at a decrease of €75/tonne from September, as demand remains lackluster, and import offers from Asia being cost effective....
BASF receives government funding for climate project at Ludwigshafen
LONDON (ICIS)--BASF has received German government funding approval for the construction of a large industrial heat pump for carbon dioxide (CO2)-free steam generation at its Ludwigshafen...
Brazil’s higher chemicals import tariffs kick off
SAO PAULO (ICIS)--Brazil’s higher import tariffs on dozens of chemicals kicked off on Tuesday after the government published them on the Official Gazette late on Monday. Among some of the products...
Geopolitics to weigh on Egypt power and gas export plans
Plans for 3GW Greece-Egypt cable, LNG exports to CEE move ahead New cable, more LNG could boost European security of supply, energy transition long term; Greece and Egypt will provide their support...
Asia base oils demand outlook: Week of 14 Oct
SINGAPORE (ICIS)--Asia base oils demand outlook: Week of 14 Oct Asia’s base oils demand could get support from signs of more limited surplus supply and higher feedstock costs More limited surplus...
Asia isomer MX to be plagued by dismal upstream conditions
SINGAPORE (ICIS)--Consecutive declines in upstream crude oil futures, on the back of downbeat sentiment over the bearish global demand outlook, are poised to be the theme underpinning this week’s...
Silgan completes acquisition of Weener Plastics
HOUSTON (ICIS)--Silgan Holdings has completed its previously announced €838 million acquisition of Weener Plastics, it said on Tuesday. Netherlands-based Weener Plastics provides packaging and...
Europe MA poised to tighten as delays on imports compound with hampered production but buyers still weighing options
LONDON (ICIS)-- At the EPCA in Berlin last week, a number of players echoed expectation of tightening in the coming weeks as it became clearer that the works on Huntsman's plants in Germany were...
ADNOC completes purchase of majority Fertiglobe stake
LONDON (ICIS)--The Abu Dhabi National Oil Corporation (ADNOC) has completed the purchase of a majority stake in Fertiglobe, bringing its stake in the fertilizer producer to 86.2%, the companies said...
Sunlight-powered device harvests lithium from salty water
Low-energy device is a ‘step forward’ for sustainable lithium mining
UK sanctions Russian troops for deploying chemical weapons in Ukraine
The UK government has announced sanctions on Russian troops for their role in Russia’s use of chemical weapons in Ukraine.
Atom-swapping reaction turns furans into pyrroles
Skeletal-editing technique offers easy way to modify heterocyclic structures