Industry News
Chemical Industry News
Plant status: Lithuania’s PET plant output reduced as per forecasts
LONDON (ICIS)--Here is a plant status report: Name: Neo Group Location: Klaipeda, Lithuania Product: PET Capacity (tonnes/year): 480,000 (total) Event start: October Event finish: Unknown Reason:...
ADNOC ditches initial plans for Das Island LNG, focuses on Ruwais
ADNOC will not go ahead with plans to improve efficiency and output at its Das Island LNG plant This likely reflects lower returns on investment than its Ruwais project which reached FID this year...
Atlantic hurricane season has limited LNG impact to date
Atlantic hurricane season has limited LNG impact to date HOUSTON (ICIS)--US LNG infrastructure has seen limited storm impacts in 2024 despite an active Atlantic hurricane season. After Hurricane...
Romania’s Chimcomplex in talks to acquire Ameropa’s Azomures
LONDON (ICIS)--In Romania, the country’s largest chemicals producer Chimcomplex, is in talks to acquire fertilizers maker Azomures which is owned by the Swiss trading group Ameropa, company sources...
Geopolitics, oil prices boost selling sentiment for base oils in UAE
RIYADH (ICIS)--Refiners offering Group I and Group II base oils to the United Arab Emirates (UAE) have started to nurse firmer targets for cargoes as regional geopolitical turmoil sends oil prices...
Germany domestic auto sales fall 7% in September, production rises 9%
LONDON (ICIS)--Germany’s domestic new car sales fell by 7% year on year in September, whereas production rose by 9%, according to data from the German Association of the Automotive Industry (VDA):...
Eyes on Dutch TTF gas options markets as open interest climbs
TTF options activity booms in 2024, ICE says Options activity reflects market perception and provides profit opportunities Expiry days can trigger volatility in the futures market LONDON (ICIS)--TTF...
EPCA ’24: EQUATE sees double-digit demand growth driven by downstream polyester: CEO
BERLIN (ICIS)--Kuwaiti producer EQUATE is seeing double-digit demand growth as downstream polyester markets continue to enjoy healthy operating rates. The group, which has low production cost assets...
German chemical industry sentiment worsens as poor demand hurts producer prices
LONDON (ICIS)--After an unexpected uptick in August, sentiment in Germany’s chemical industry worsened again in September, according to the latest survey by Munich-based research group ifo...
Storage injections to cap NBP downside for rest of October
LONDON (ICIS)--Low storage fullness will likely cap downside for prompt contracts delivering at the British NBP through the rest of October, despite an expected uptick in supply. Low storage fullness...
Azoty receives €33m in EU funds for railway hub construction at Polish seaport
LONDON (ICIS)--Poland’s Grupa Azoty said on Wednesday that it has received more than €33 million in funding from the EU’s European Climate, Infrastructure and Environment Executive Agency...
India’s RCF attracts more interest after agreeing to buy at higher price for east coast
LONDON (ICIS)--Sellers in India have become more eager to commit to urea cargoes after Rashtriya Chemicals and Fertilizers (RCF) issued counter offers for the east coast earlier today. Previously,...
SPOTLIGHT: Most popular stories – green plastics, US port strike, Japan-Europe M&A
NEW YORK (ICIS)--Here are the Top 5 most-read news stories and key themes in the past week to 8 October, captivating our readers in today’s dynamic market. Fascinating to see these major...
Explainer: Why have protein design and structure prediction won the 2024 Nobel prize in chemistry?
Research that has taken us from sequence to structure and back again
Nobel Prize in Chemistry for computational protein design and for protein structure prediction
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2024 with one half to David Baker (University of Washington, Seattle, WA, USA) “for computational protein design” and the other
Protein design and structure prediction wins chemistry Nobel prize
David Baker, Demis Hassabis and John Jumper were rewarded for creating computational tools to design proteins and predict their structures that have ‘revolutionised biological chemistry’
Nobel prize crossword 2024
If your Nobel knowledge is second to none, our 2024 Nobel prize crossword is just the puzzle for you
The 2024 Nobel prize in chemistry as it happens – live
Join us as we follow all the developments in the run-up to the awarding of chemistry’s biggest prize
Integrals Powers makes energy density breakthrough in Lithium Manganese Iron Phosphate cell chemistry
Integrals power has made a breakthrough in Lithium Manganese Iron Phosphate (LMFP) cathode active materials for battery cells. Applying its propriety materials technology and patented manufacturing process, the company has overcome the drop in specific