Industry News
Chemical Industry News
INTERVIEW: Univar to speed up M&A under private ownership
BARCELONA (ICIS)--Univar Solutions, the world's second-largest chemical distributor, plans to move up a gear in mergers and acquisitions (M&A) now it has the freedom and flexibility that private...
Softer PET prices in Europe apply pressure on R-PET flake and pellet producers
LONDON (ICIS)--Virgin polyethylene terephthalate (PET) prices have dropped €90/tonne since the start of August and sentiment is bearish, adding pressure to recycled PET (R-PET) producers and prices...
‘Stealth corrections’ uncovered in scientific journals, raising transparency concerns
Scientific integrity sleuths discovered 131 cases of publishers making unacknowledged changes
Emerging routes to new therapeutics: Highlights from winning Horizon Prize teams
Join us on 13 November to discover how new therapeutics have the potential to address unmet medical needs
Scientific freedom lacking in Africa, Unesco finds
Africa represents 12.5% of world’s population but less than 1% of its research output
Covestro signs an Investment Agreement with ADNOC
Covestro AG signed an Investment Agreement with certain entities of the ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its subsidiary, ADNOC International Germany Holding AG (“Bidder”). The agreement stipulates, among other items, that
Change of CEO at ZEISS in 2025
After almost 20 years at ZEISS, the President and CEO of Carl Zeiss AG, Dr. Karl Lamprecht, has decided not to extend his contract. Therefore, the Supervisory Board of Carl Zeiss AG has decided to
Stahl completes acquisition of WEILBURGER Graphics
Stahl has completed the acquisition of WEILBURGER Graphics GmbH. The transaction significantly strengthens Stahl’s new packaging coatings division and supports its strategy to broaden its franchise for coatings for flexible materials. The acquisition of WEILBURGER
Researchers crack a key problem with sodium-ion batteries for electric vehicles and grid energy storage
Lithium-ion batteries have long dominated the market as the go-to power source for electric vehicles. They are also increasingly being considered for storage of renewable energy to be used on the electric grid. However, with the rapid
SHIPPING: ILA ports strike to weigh on US PE, PVC exports; carriers set congestion surcharges
HOUSTON (ICIS)--Participants in the US chemical industry worry that a prolonged strike by US Gulf and East Coast dock workers will hurt exporters and lead to supply surpluses, and some carriers are...
US fertilizer industry watching but not immediately concerned over port strike
HOUSTON (ICIS)--As port operations along the East Coast and Gulf Coast came to a halt amid a union strike underway, the US fertilizer industry was carefully watching the labor developments but is not...
Fertilizer producer Nutrien restarting Augusta facility in Georgia
HOUSTON (ICIS)--Canadian fertilizer major Nutrien confirmed it is in the process of restarting its Augusta, Georgia, facility. The operation which produces several products including ammonia and urea...
US construction season to revive polyurethanes prospects
ATLANTA (ICIS)--The recovery in demand for polyurethanes could take place when the US construction season starts in 2025, and it should continue in a gradual pace, an executive with Huntsman said....
CRUDE SUMMARY: Crude oil rallies as conflicts in Middle East intensify
Middle Eastern tensions increase as Iran launches missile to Israel OPEC’s Joint Ministerial Committee to meet 2 October Port strikes across the US start, likely to impact supply chains LONDON...
Brazil’s manufacturing expands healthily again in September on stronger demand
SAO PAULO (ICIS)--Brazil’s manufacturing sectors posted a significant improvement in September on the back of an increase in production, stronger job creation, and accelerated sales growth,...
US construction spending rises 4.1% year on year in August, pace in manufacturing slows
HOUSTON (ICIS)--US construction spending rose 4.1% year on year in August but inched down 0.1% sequentially from July, according to the latest Census Bureau data on Tuesday: Annual rate, billion US$...
Europe soda ash weak fundamentals expected stable in Q4 but positive signals for the mid-term emerge in September
LONDON (ICIS)--Europe's soda ash market may finally see an end to the flat glass demand hemorrhage. Demand seems to have stabilized for most players in September, save for a few exceptions....
Chinese urea exports remain miniscule on government controls
LONDON (ICIS)--Urea exports from China totaled a mere 25,000 tonnes in August, down 92% from the 314,015 tonnes exported in August 2023, according to customs data, after the government continued to...
US acetone ADDs scheduled for sunset reviews in November
HOUSTON (ICIS)--US acetone antidumping duties (ADDs) for several countries are scheduled for sunset reviews in November 2024, according to the Federal Register. The reviews will be initiated and...
Canada manufacturing sector expands for first time in 17 months
TORONTO (ICIS)--Canadian manufacturing sector activity expanded in September, marking is first expansion since April 2023, according to the latest purchasing managers’ index (PMI) survey by...