Industry News
Chemical Industry News
Complex Europe PTA conditions make for tough 2025 contract discussions
LONDON (ICIS)--The purified terephthalic (PTA) market in Europe is focusing on 2025 contract discussions, but these are tough due to the multiple complexities facing the industry. Amid the...
US industrial production falls in October on Boeing strike, hurricanes
HOUSTON (ICIS)--US industrial production (IP) fell 0.3% month on month in October, after a 0.5% September decline, according to Federal Reserve data released on Friday. The Boeing strike held down...
Europe’s acetone spot prices extend downward spiral in poor demand
LONDON (ICIS)--Acetone domestic spot prices in Europe continued on a downward trend this week, with demand appearing progressively weaker and supply more than covering buyers' needs. Acetone values...
Russian gas supply to Austria’s OMV to halt from 16 November
LONDON (ICIS)--Russia's Gazprom Export will halt deliveries to Austria under a contract with OMV from Saturday 16 November, the latter company announced on Friday. OMV announced late Friday afternoon...
EU able to meet winter demand – ENTSO-E
ENTSO-E says capacity sufficient to meet winter demand Imports may be needed to cover peaks during periods of low renewables Non-market resources mitigate or minimise most risks LONDON (ICIS)-- EU...
WEEKLY POWER OUTLOOK: Above average wind output coupled with a cold spell, presents a mixed outlook for spot prices in week 47
LONDON (ICIS)-- While above average wind output in Europe could put downwards pressure on spot prices, colder temperatures may counteract some of this bearish trend for countries dependent on gas...
Europe MPG players say 2024 over as spot prices, demand stagnate
LONDON (ICIS)--Prices in the European mono propylene glycol (MPG) spot market plateaued this week as demand is flat and sellers see no chance for improvement in 2024. “I don’t see the market...
Transatlantic west spot chemical tanker freights soften
LONDON (ICIS)--Chemical tanker spot freight rates on transatlantic westbound routes softened for all cargo sizes in the week ending 15 November compared with the previous week, based on market...
US retail and food services sales rise 0.4% in Oct, pace slows
HOUSTON (ICIS)--Headline US retail and food services sales rose 0.4% month on month to $718.9 billion in October, slowing down from a 0.8% September increase, according to US Census Bureau data on...
H2med pipeline partners launch call for interest
LONDON (ICIS)--On 7 November, H2med project partners launched a call for expressions of interest for use of the link, which is expected to transport hydrogen from Portugal to Germany. The call for...
Romanian Black Sea gas resilient to competition and price fluctuations – upstream expert
LONDON (ICIS)--Romania’s offshore Black Sea gas could be one of the most competitive regionally thanks to its below-average operating and capital expenditure, a senior independent oil and gas...
Europe oxo-alcohols spot prices stable to soft, demand languishes
LONDON (ICIS)--Prices in the European oxo-alcohols spot market were stable to decreasing this week as demand, which has been persistently low, softened further. N-butanol (NBA) spot prices slipped at...
Europe faces early test in heating season
LONDON (ICIS)--Europe experienced its first test of the winter heating season with extended bouts of below-average temperatures and wind speeds, forcing a larger call on gas-fired power generation....
GIF INSIDE STORY: Ukraine gas transit in 2025: what do we know?
Discussions related to a new gas transit deal via Ukraine have been drawing significant interest from energy traders. Recent news related to the discussions have triggered steep price movements and...
Greece’s PPC targets coal exit by 2026, 12GW renewable capacity by 2027
Greece's PPC's management updates the strategic plan targets for the 2025-2027 period The update shows growing renewable fleet, faster lignite exit, key drivers for regional spot prices The company...
GIF COMMENT: Trump’s presidential victory is expected to end the regulatory pause on US LNG but tariff policy may affect project costs
HOUSTON (ICIS)--Donald Trump’s term will lift regulations on US LNG, but market conditions and project costs could prevent some projects from moving forward. Although Trump will not take office...
Thyboron port selected to build 1.1GW Danish offshore wind farm
Thyboron port selected as the offshore construction base for Denmark’s largest offshore wind farm to date The port could increase the development of offshore wind farms in the region Denmark will...
Plant Status: Poland’s Orlen schedules PTA maintenance in spring 2025
LONDON (ICIS)--Here is a plant status report: Name: Orlen Location: Wloclawek. Poland Product: Purified terephthalic acid (PTA) Capacity (tonnes/year): 690,000 Event start: March 2025 Event finish:...
Chemistry wordoku #069
Solve the sudoku-style puzzle and find the Canadian chemist within
Cryptic chemistry crossword #062
Dive into the world of chemistry by solving this cryptic crossword!