Industry News
Chemical Industry News
Saudi Arabia to lead in global lubricants’ market transformation
RIYADH (ICIS)--Saudi Arabia is at the cusp of leading on transformative changes in the global lubricants’ market that is projected to grow at a compound annual growth rate (CAGR) of 3.8% through...
NextChem and KazMunayGas-Aero partner to boost SAF production in Kazakhstan
LONDON (ICIS)--NextChem and KazMunayGas-Aero (KMG AERO) have signed an agreement to collaborate on the development of sustainable aviation fuel (SAF) in Kazakhstan. The partnership was formalized...
EPCA ’24: Impossible to imagine European chems future without sustainability – consultant
BERLIN (ICIS)--The level of commitment to addressing the climate challenge in Europe is such that it is almost impossible to imagine a future for the region’s chemicals sector without addressing...
Italian TSO’s energy forecast scenarios for 2030-2040 may be ambitious to achieve
Additional reporting by Martina Losi Terna and Snam presented long term energy forecast scenarios, with gas expected to decrease and renewables to increase in the energy mix Power generation...
US trade deficit shrinks in August as exports rise and imports fall
HOUSTON (ICIS)--The US goods and services deficit fell 10.8% month on month to $70.4 billion in August as exports rose while imports fell, according to US Census Bureau data released on Tuesday:...
TDMA supports EU Green deal, but transition will not be easy for TiO2
Vienna (ICIS)--The Titanium Dioxide Manufacturers Association (TDMA) supports the EU Green Deal and its aim to reach climate neutrality by 2050, but said the TiO2 industry is likely take longer and...
World paints demand to grow, most potential in emerging markets – industry expert
VIENNA (ICIS)--Global demand for paints, a key end-use sector for titanium dioxide (TiO2), is expected to grow by 2.6% in 2024, marginally better than in 2022 and 2023, with most potential for growth...
EPCA ’24: New approach to funding projects required as transition, competition gather pace – ING
BERLIN (ICIS)--Chemical companies will need to find innovative ways to source debt and equity for new projects as the transformation of the industry gathers pace, an executive from banking group ING...
Adequate British gas and power supplies expected through winter
National Gas confident in winter supply, expecting a scenario similar to 2023 NESO expects adequate supply margins, with a base case de-rated margin forecast of 5.2GW Exposure to LNG means similar...
US small business sentiment improves slightly
HOUSTON (ICIS)--Sentiment among US small businesses improved slightly in September amid hopes for sales in the upcoming holiday season, the National Federation of Independent Business (NFIB) reported...
Florida ports close as Hurricane Milton approaches Tampa fertilizer hub
HOUSTON (ICIS)--Ports along Florida's Gulf Coast are closed to vessel traffic as Milton approaches the state's fertilizer hub in Tampa as a Category 4 hurricane. Port Tampa Bay and the nearby SeaPort...
Global plastics consumption growth at risk due to legislation
VIENNA (ICIS)--Global plastics consumption, a key sector for titanium dioxide (TiO2), has grown exponentially over the past 50 years, but legislation could hamper future growth, said key industry...
German chlor-alkali spot margins fall in week as energy costs rise
LONDON (ICIS)--Chlor-alkali spot margins in Germany fell in the week ending 4 October, on the back of higher energy costs. Electrochemical unit (ECU) values were almost 3% higher, but this was offset...
Brazil AN imports up 7% in January-September
LONDON (ICIS)--Brazil's imports of ammonium nitrate (AN) in the first nine months of the year increased by 7% year on year to 814,978 tonnes, led by rise in shipments from Russia and Sweden, as shown...
Concern over Florida’s phosphates facilities mounts as Hurricane Milton approaches
LONDON (ICIS)--According to the latest reports, Hurricane Milton is expected to make landfall near Tampa, Florida on Wednesday, posing a significant risk to phosphates production in the state. The...
German August production rises, new orders fall
LONDON (ICIS)--Total production from German industry, construction and energy rose 2.9% month on month in August, led by the auto sector, according to statistical data released on Tuesday. Auto...
Brazil AS imports up 10% in Jan-Sep on arrivals from China, US
LONDON (ICIS)--Imports of ammonium sulphate (AS) increased 10% year on year in the first nine months of 2024 due to a rise in demand for the Safrinha crop season, and led by more imports from
India’s urea imports decline 24% in January-July as local production increases
LONDON (ICIS)--In India, urea imports were at 2.5 million tonnes from January to July, down 24% from 3.3 million tonnes in the same period of 2023, and in line with the increase in domestic...
Physics Nobel prize goes to artificial neural networks and machine learning
Research inspired by how brains learn now powers cutting-edge technology in smartphones and scientific research
Nobel Prize in Physics for foundational discoveries and inventions in machine learning
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Physics 2024 to John J. Hopfield (Princeton University, NJ, USA) and Geoffrey E. Hinton (University of Toronto, Canada) “for foundational discoveries