Industry News
Chemical Industry News
REGULATION OUTLOOK 2026: EU energy security vital amid geopolitical turmoil
Energy security and affordability to dominate 2026 Key legislation includes improving infrastructure, deepening energy union Geopolitical movements likely to impact policy plans LONDON (ICIS)--The EU...
Germany-Denmark green light on 3GW Bornholm Energy Island unlikely to drive German power prices – traders
Germany and Denmark have given a green light to the 3GW Bornholm Energy Island offshore wind project, agreeing on distribution of costs The additional supply capacity is likely to have a limited...
US commodity chemical imports from S Korea shrink amid new 25% tariff threat
NEW YORK (ICIS)--As US President Trump threatens South Korea with higher tariffs of 25% for not finalizing the trade agreement struck in July 2025, US commodity chemical imports from the country have...
Chems duties to fall as India, EU agree trade pact
MUMBAI (ICIS)--India and the EU have finalised a free trade agreement (FTA) where the two countries have agreed on tariff cuts and eliminations that are expected to boost exports to the Indian market...
EU-India trade deal a ‘game-changer’ for some chems – source
LONDON (ICIS)--The trade deal between the EU and India agreed on Tuesday could have a substantial impact on some European markets, with duties on most chemicals and plastics set to fall to zero. The...
Poland’s Orlen inks renewable hydrogen agreements with three Finnish partners
LONDON (ICIS)--Poland’s Orlen said on Tuesday that it had signed cooperation agreements with three Finnish partners for the production and supply of renewable hydrogen and its derivatives. The...
GAS ALERT: Industrial action at French Dunkirk LNG terminal unlikely to disrupt commercial service – Fluxys
LONDON (ICIS)--Fluxys, owner of the Dunkirk LNG terminal’s operating company Gaz-Opale, told ICIS it “does not anticipate any disruptions to the terminal’s commercial service in the coming...
Iran’s urea exports decline 24% in 2025 after production disruptions
LONDON (ICIS)--Urea exports from Iran declined by 24% to 4.4 million tonnes in 2025 compared to nearly 5.8 million tonnes in 2024, according to customs data, after production was hit by war and a...
Brazil’s chemical distribution sales fall in 2025 as industrial stagnation takes hold – Associquim
SAO PAULO (ICIS)--Brazil's chemical distribution sector posted falling sales in 2025, year on year, as the country's industrial activity stagnated, according to the head of the chemicals...
Canada 2026 chemical sales projected to rise 1-3%, absent new trade shocks
TORONTO (ICIS)--Canada’s shipments (sales) of industrial chemicals should grow by 1-3% in 2026, following a 8% decline in 2025 due to weak prices, trade group Chemistry Industry Association of...
Czech gas supply risks loom on fast depleting stocks, potential cold snap
Czech Summer '26 flips to a premium to Winter '26 in second half of January Supply risks loom amid fast depleting stocks and potential cold snap in second half of February, early March Czech OTC...
Spain’s plastics industry demands tax relief, import controls as competitiveness fades
SAO PAULO (ICIS)--Spain's plastics industry has called for urgent government measures including tax exemptions and stricter import controls after Europe's share of global plastics production plunged...
Brazil’s chemical employers, workers warn government over plant closures, demand tax reliefs
SAO PAULO (ICIS)--Brazilian chemical industry unions and the trade group representing producers have jointly urged the government to resolve uncertainty over a key tax regime, warning that plant...
Saudi Arabia’s Ma’aden issues 20,000 tonne sulphuric acid purchase tender
LONDON (ICIS)--Saudi chemical and fertilizer major Ma’aden is closing a purchase tender this week for 20,000 tonnes of spot sulphuric acid for March arrival to Ras-al Khair (RAK). The tender, which...
LNG Compass: US freeze cuts LNG exports
LNG Compass is a new column from the ICIS LNG analyst team highlighting key factors impacting supply, demand and prices; helping traders navigate their way through volatile global markets. US cold...
Environment agency vow to end animal testing in US by 2035 receives mixed reaction
Toxicologists and research advocates worry that EPA’s goal to end animal testing for chemicals is premature
Europe isocyanates February contract discussions are underway
LONDON (ICIS)--Market participants have begun negotiations for February monthly contracts covering various isocyanate products, including methylene diphenyl diisocyanate (MDI) and toluene...
Germany’s VCI welcomes EU-India trade deal
LONDON (ICIS)--German chemical producers’ trade group VCI has welcomed Tuesday's EU-India trade agreement. For Germany's chemicals and pharmaceuticals industry, the agreement would open up...
Europe styrene spot prices hit six-month high on restocking demand, upstream lift
LONDON (ICIS)--Europe styrene spot prices are now at their highest levels since July 2025. Despite the gains, spot activity was comparatively limited in the Europe styrene market in the week ended 23...
Europe polyol February contract talks have started
LONDON (ICIS)--Negotiations for February slabstock conventional flexible polyether polyols contracts have started between certain market players in the European market. A key focus for the...