Industry News
Chemical Industry News
Europe ethylene and propylene December spot markets muted, little sign of life for January
LONDON (ICIS)--December ethylene and propylene spot markets in Europe are not surprisingly very subdued, but with some sellers still keen to clear out excess volumes, a few opportunistic spot...
Plant status: S Korea’s S-Oil to restart No 1 RFCC unit in H2 Dec – sources
SINGAPORE (ICIS)--Here is a plant status report: Name: S-Oil Corp Location: Onsan, South Korea Product: Propylene Capacity (tonnes/year): 210,000 Event start: 12 December 2025 Event finish: H2...
HYDROGEN: Updated PCI and PMI list offers pathway to reduced power volatility and lower hydrogen prices
Projects on lists receive planning priority and can bid for funding Infrastructure projects include a range of volatility-reducing assets, such as pumped hydro Hydrogen and ammonia projects could...
China’s average PX plants’ run rate flat; ZPC to cut operations
SINGAPORE (ICIS)--China’s para-xylene (PX) plants posted an unchanged average operating rate due to stable operations at domestic units. In the week ended 12 December, the plants’ average run...
Legislators provisionally agree ELVR with new vehicle recycled content targets
LONDON (ICIS)--The European Council and European Parliament have reached a provisional agreement on the proposed End of life Vehicle Regulation (ELVR) which will introduce mandatory recycled plastic...
China’s average PTA plants’ run rate to rise in late Dec
SINGAPORE (ICIS)--China’s purified terephthalic acid (PTA) plants are expected to post a higher average operating rate in late December from current 74%, due to the planned restarts of three units....
Plant status: GS Caltex to restart No 1 RFCC around H2 Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: GS Caltex Location: Yeosu, South Korea Product: Propylene Capacity (tonnes/year): 230,000 Event start: 10 December 2025 Event finish: H2...
Germany misses opportunity to reform offshore wind auction design, risking 2026 failure
Amendments to Germany’s WindSeeG allow more flexible 2026 tender volumes, but with no change to the auction design, BWO told ICIS another failure is likely A second failed offshore wind tender...
UK GDP slips in October
LONDON (ICIS)--UK GDP sank 0.1% for the second consecutive month in October, increasing the odds of an interest rate cut when the Bank of England’s monetary policy committee convenes next week...
HYDROGEN: Third round of hydrogen bank launched, €3 billion allocated across EU, German and Spanish contributions
Member states and European Commission allocate billions to fund hydrogen, decarbonization of heat Funding can result in a progressive shift in power and gas demand Immediate market impact minimal,...
India inflation rises marginally to 0.71% in November
MUMBAI (ICIS)--India’s annualized inflation rate in November rose to 0.71%, up from a multi-year low in October on a modest increase in fuel and food prices, official data showed. The increase in...
GAS ALERT: Germany’s Deutsche ReGas advances second Mukran LNG FSRU plans – spokesperson
LONDON (ICIS)--Germany’s Deutsche ReGas is currently in a competitive tender process to bring a second floating storage and regasification unit (FSRU) back to the Mukran LNG import terminal, a...
WEEKLY POWER OUTLOOK: Well below average wind output in German likely to boost spot prices in week 51
LONDON (ICIS)--German power spot prices through week 51 could rise due to well below average wind output. This could also lead to an increase in German power imports from neighboring countries. On 11...
Plant status: China’s Grand Resource restarts PP units
SINGAPORE (ICIS)--Here is a plant status report: Name: Grand Resource Science and Technology Location: Dongguan, Guangdong, China Product: Polypropylene (PP) Capacity (tonnes/year): 300,000 each for...
Plant status: China’s Sinopec Guangzhou restarts PP units
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinopec Guangzhou Petrochemical Location: Guangdong, China Product: Polypropylene (PP) Capacity (tonnes/year): 50,000 ( No 2), 200,000 (No 4)...
Plant status: China’s Fujian Refining and Petrochemical restarts PP line 2
SINGAPORE (ICIS)--Here is a plant status report: Name: Fujian Refining and Petrochemical Location: Quanzhou, China Product: Polypropylene (PP) Capacity (tonnes/year): 360,000 (line 2) Event start:...
INSIGHT: French carrier to resume Suez route; pressure on Europe grows
BARCELONA (ICIS)--French container group CMA CGM plans to return to the Suez Canal route from Asia and the Middle East to the West, becoming the first major carrier to do so since the current...
German cabinet approves EU RED III
LONDON (ICIS)--The German cabinet has approved a comprehensive draft law to implement the EU's Renewable Energy Directive III (RED III) into national law, signalling a significant overhaul of the...
Plant status: Thai’s Bangkok Synthetics to shut two of three Map Ta Phut BD lines
SINGAPORE (ICIS)--Here is a plant status report: Name: Bangkok Synthetics Location: Map Ta Phut, Thailand Product: Butadiene (BD) Capacity (tonnes/year): 140,000 (No 1 and 2) Event start: H1 January...
Plant status: Indonesia’s Petrokimia eyes Anyer BD maintenance in Jan
SINGAPORE (ICIS)--Here is a plant status report: Name: Petrokimia Location: Anyer, Indonesia Product: Butadiene (BD) Capacity (tonnes/year): 137,000 Event start: Around mid-January 2026 Event finish:...