Industry News
Chemical Industry News
New electrocatalytic strategy enables ultrafast-charging lithium-ion battery
A team led by Prof. JI Hengxing and Prof. WU Xiaojun from the University of Science and Technology of China (USTC), in collaboration with Prof. DUAN Xiangfeng's team from the University of California, Los Angeles,
CRUDE SUMMARY: Stronger US dollar index, Chinese demand concerns weigh on crude benchmarks
Market fearful more Chinese economic stimulus measures may be needed US dollar index strengthened ahead of US PCE data later this week US crude, gasoline and distillate stocks decline, limiting...
US gasoline supplies fall as refinery run rates decline
HOUSTON (ICIS)--US gasoline supplies declined for the week 20 September as refinery utilization rates fell. Gasoline stocks dropped week on week, and did so by more than analysts were expecting,...
Firms shut in nearly 30% of US Gulf production output on Helene
HOUSTON (ICIS)--Companies have shut in nearly 30% of US oil production in the Gulf of Mexico because of Hurricane Helene, which meteorologists expect will strengthen into a powerful Category 4 storm...
N American weekly chemical rail traffic rises 1.8%
HOUSTON (ICIS)--North American chemical rail traffic rose 1.8% year on year to 47,061 loadings for the week ended 21 September, after falling 2.6% the week before, according to the latest freight...
Arctic LNG 2 cargoes confined to Russian storage sites
New Russian LNG storage used for first time Sanctions hurting Arctic LNG 2 exports More questions on whether the new plant may have to halt production LONDON (ICIS)--Deliveries from Russia’s Arctic...
US refiner Vertex files for bankruptcy after renewable bet goes bad
HOUSTON (ICIS)--US-based refiner and re-refiner Vertex Energy filed for Chapter 11 bankruptcy protection after it ran into problems entering the renewable diesel market, it said on Wednesday....
US September PX contracts drop on falling upstream prices, demand
HOUSTON (ICIS)—US September paraxylene (PX) contracts were settled at a 6 cent/lb drop to 51 cents/lb ($1,124/tonne). The drop can be attributed to falling upstream mixed xylenes (MX) prices as a...
US sales of new houses fall 4.7% in August
HOUSTON (ICIS)--Sales of new single-family houses in the US were at a seasonally adjusted annual rate of 716,000 in August – down 4.7% from July but up 9.8% year on year from August 2023, according...
Helene becomes hurricane as it heads towards northwestern Florida
HOUSTON (ICIS)--Helene strengthened into a hurricane on Wednesday while maintaining its course to make landfall in a sparsely populated region of northwestern Florida later in the week,...
European refinery solvents spot prices mixed
LONDON (ICIS)--Refinery solvents free delivered (FD) spot prices were mixed this week, with average hexane numbers lower and average solvent naphtha prices slightly higher. White spirit levels,...
Petrobras Tres Lagoas fertilizers plant 85% completed; talks on Unigel’s leased plants ongoing – exec
SAO PAULO (ICIS)--Petrobras may allocate between Brazilian reais (R) 3.0-3.5 billion ($548-639 million) to finish building its fertilizers plant in Tres Lagoas, in the state of Mato Grosso do Sul,...
INSIGHT: Weak volumes, geopolitical uncertainty hold back chemical M&A
NEW YORK (ICIS)--The lack of a meaningful recovery in volumes amid a weak macroeconomic backdrop along with geopolitical uncertainty are key factors hindering mergers and acquisitions (M&A)...
INSIGHT: Mexico phosphates litigation reignites LatAm extractivism debate
SAO PAOLO (ICIS)--Mexico has been ordered to pay $37.1 million to Odyssey Marine Exploration after losing a years-long arbitration case against the US marine miner over its Don Diego phosphate...
Plant Status: Arkema’s acrylate ester plant in Carling, France, offline for planned maintenance
LONDON (ICIS)--Here is a plant status report: Name: Arkema Location: St. Avold/Carling, France Product: Acrylic acid (AA), butyl acrylate (butyl-A), methyl acrylate (methyl-A), ethyl acrylate...
Trans-Balkan gas pipeline TSOs can find creative solutions to reduce tariffs – study
Trans-Balkan transit route could become competitive if capacity and tariff obstacles are addressed Energy Community-commissioned study finds creative leverage points on Ukraine and Moldova border...
US September butac prices ease, distributor prices decline as supply remains ample
HOUSTON (ICIS)--US butyl acetate (butac) contract and distributor prices both declined from August to September by 4 cents/lb ($88/tonne). US export prices also followed the same downtrend in prices....
Origin Materials cuts jobs at Canada renewable chemicals plant
TORONTO (ICIS)--Origin Materials has decided to operate its “Origin 1” renewable chemicals plant at the Sarnia petrochemicals production hub in Canada’s Ontario province at an “on demand”...
Logistics major CMA CGM to acquire 48% of Brazil’s Santos port
SAO PAULO (ICIS)--CMA CGM has agreed to acquire a 48% stake at Santos Brasil, the operator of the Santos port, Sao Paulo’s door to the sea and the largest port in Latin America, the French...
Romania readies plans for 3GW offshore wind power by 2032
Romania plans to join Global Offshore Wind Alliance (GOWA) meeting, announces offshore wind plans and targets This means investors could start to plan and develop offshore wind projects, bearish...