Industry News
Chemical Industry News
225 million euros for start-ups of the Max Planck Society
A successful business year for Max Planck Innovation includes increasing investment sums for the start-ups managed. Especially life sciences start-ups with a high degree of maturity provided a record sum of 225 million euros. Companies
MEG margins driver higher by softer feedstock costs
LONDON (ICIS)--Contract margins at monoethylene glycol (MEG) producers in Europe rose in the week driven higher by cheaper feedstock costs, ICIS Margin Analysis showed on Tuesday. Operators using...
Ukraine and donors work on war risk-insurances for investments
LONDON (ICIS)--Ukraine is working with international financial institutions and western governments to provide war risk insurance to companies expecting to invest or do business in the country....
GCC PP and PE prices stable ahead of Ramadan
DUBAI (ICIS)--Polyethylene (PE) and polypropylene (PP) prices remained stable last week to reflect the minimal trade activity that took place ahead of Ramadan. The cautious buying stance and slow...
Germany economic sentiment cools in March on financial market pressure
LONDON (ICIS)--Economic sentiment in Germany soured in March while remaining in positive territory amid financial market pressure and perceptions of a more bearish outlook for the banking sector,...
EU construction bounces back in January – Eurostat
BARCELONA (ICIS)--EU construction activity enjoyed a revival in January 2023, according to initial estimates from Eurostat, the EU's statistical office. Seasonally adjusted production in the...
First Congo LNG to come in December – Lukoil
SINGAPORE (ICIS)--First LNG from the 600,000tonne/year floating Congo project is expected in December 2023, according to Ivan Romanovsky, Vice President of Russian independent energy company Lukoil....
Europe cracker margins up on lower feedstock costs
LONDON (ICIS)--Cracker margins in Europe went up week on week on the back of softer feedstock costs, ICIS margin analysis showed on Tuesday. In the week to 17 March: Naphtha values were down by...
East Med sees little PE, PP market activity ahead of Ramadan
DUBAI (ICIS)--Little market activity has taken place in the past week in the East Mediterreanean (East Med) as buyers and sellers prepare for Ramadan. Activity in the region is expected to remain...
European PE and PP buyers pause following upstream drop
LONDON (ICIS)--The European polyethylene (PE) and polypropylene (PP) market has slowed down slightly this week, after a stronger start to March. Contract discussions are ongoing, with sellers...
India PP, PE see slowdown in trade activity ahead of fiscal year’s end
DUBAI (ICIS)--Polypropylene (PP) prices in India decreased in the week ending 17 March, tracking lower Asia offers and concluded deals for Saudi Arabia-origin cargoes, amid a slowdown in trade...
Early Apr MTBE bid at $926/tonne FOB Singapore
SINGAPORE (ICIS)--A spot bid for methyl tertiary butyl ether (MTBE) stood at $926/tonne in the open market on Tuesday. The buyer is bidding for 3,000 tonnes of product loading in 5-9 April on FOB...
Air Liquide invests €60m electrifying two ASUs in Tianjin, China
LONDON (ICIS)--Air Liquide will invest around €60m to electrify two of its air separation units (ASUs) in Tianjin, China, the industrial gases major said on Tuesday. The investment follows the...
EU passenger car registrations up 11.5% in February
LONDON (ICIS)--Passenger car sales in the EU rose by 11.5% in February, year on year, with electric vehicles continuing to gain market share, according to the latest data from the European Automobile...
Plant status: China’s ZPC shuts No 1 HDPE unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Zhejiang Petroleum & Chemical (ZPC) Location: Zhoushan, Zhejiang, China Products: High density polyethylene (HDPE） Capacity (tonnes/year):...
China reviews ADDs on MIBK imports from Korea, Japan & South Africa
SINGAPORE (ICIS)--China will launch an expiration review regarding its anti-dumping duties (ADDs) on imports of methyl isobutyl ketone (MIBK) from South Korea, Japan and South Africa, the Ministry of...
ICIS TTF Early Day assessments: 21 March 2023
- The front-month ICIS TTF dipped below €40/MWh, the first time since July 2021. This comes amid high LNG flows, European gas storages flipping to a net injection from 18 March and expectations of...
Intra-Asia chemical tanker demand hampered by aromatics plant turnarounds
SINGAPORE (ICIS)--Aromatics plant turnarounds in Asia and cargo diversions to the US gasoline blending sector are expected to continue to curtail intra-regional shipping demand into the second...
Plant status: Taiwan’s Nan Ya restarts No 1 MEG unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Nan Ya Plastics Location: Mailiao, Taiwan Products: Monoethylene glycol (MEG) Capacity (tonnes/year): 460,000 (No 1) Event start: 7 July 2022...
Asia polyacetal offers stable in quiet market
SINGAPORE (ICIS)--Polyacetal (POM) offers in Asia held steady in a thinly discussed market. A northeast Asian producer rolled over its offers week on week at $2,150-2,200/tonne FOB (free on board) NE...