Industry News
Chemical Industry News
Insolvency overcome: DOMO site in Premnitz finds investor
The DOMO Engineering Plastics GmbH site in Premnitz has a future again: Insolvency administrator Prof. Dr. Lucas F. Flöther from the law firm Flöther & Wissing has reached an agreement with an investor to take
Start-ups as drivers of innovation in the tire circular economy
Allianz Zukunft Reifen (AZuR) is further expanding its unique European network for a sustainable circular tire economy - and is specifically focusing on networking innovative start-ups with established industry partners. While the young founders contribute
Self-optimising catalysts boost the efficiency of water electrolysis
To what extent can self-activating catalysts enhance hydrogen production in electrolyzers? Researchers at Johannes Gutenberg University Mainz (JGU) have investigated this question, and their findings were recently published in the renowned scientific journal Advanced Energy
China’s Wanhua plans polyols expansion in Yantai and Penglai
SINGAPORE (ICIS)--China’s Wanhua Chemical is planning to upgrade and expand its polyether polyols capacities at two sites in Shandong – Yantai and Penglai – to meet rising demand, the company...
Plant status: China’s PetroChina Jilin restarts BD plant
SINGAPORE (ICIS)--Here is a plant status report: Name: PetroChina Jilin Petrochemical Location: Jilin, China Product: Butadiene (BD) Capacity (tonnes/year): 200,000 Event start: Mid April Event...
Plant status: China’s Bohua Yongli shuts oxo-alcohol plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Tianjin Bohua Yongli Location: Tianjin, China Product: N-butanol (NBA), isobutanol (IBA), 2-ethylhexanol (2-EH) Capacity (tonnes/year): 85,000...
Oil prices dip ahead of US president Trump’s visit to China
SINGAPORE (ICIS)--Oil prices retreated on Wednesday as investors weighed up the upcoming US-China summit against lingering supply fears fueled by the ongoing Iran conflict and the near closure of the...
S Korea’s isomer MX export prices extend gains on strong upstream
SINGAPORE (ICIS)--South Korea’s export prices for isomer grade mixed xylenes (MX) were higher on 12 May amid firm upstream values, but faced deterrence from downstream paraxylene (PX). ICIS data...
Plant status: China’s Sinopec Hainan to shut BD plant for maintenance in June
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinopec Hainan Petrochemical Location: Yangpu, Hainan, China Product: Butadiene (BD) Capacity (tonnes/year): 130,000 Event start: Early June...
Plant status: China’s ZPC restarts PDH plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Zhejiang Petroleum & Chemical (ZPC) Location: Zhoushan, Zhejiang, China Product: Propylene Capacity (tonnes/year): 600,000 Event start:...
Bayer reports solid start to the year and confirms currency-adjusted Group guidance for 2026
The Bayer Group has reported a solid performance across all divisions for the first quarter of 2026. “We’re pleased with how our businesses started the year and we’re confirming our currency-adjusted outlook for 2026,” CEO
NYMEX: Henry Hub prices fall as supply grows
Front-month US natural gas futures reversed some of the prior session’s gains on 12 May as the market refocused on the growing length in supply during shoulder season The June Henry Hub contract on...
Venture Global cites CP2 expansion after TotalEnergies and Vitol LNG deals
VG signed a new five-year 0.85mtpa LNG agreement with TotalEnergies, starting in 2026 VG expanded its existing five-year deal with Vitol to 1.7mtpa from 1.5mtpa VG expanded the planned CP2 bolt-on...
Millennial Potash begins Phase 3 drilling at Gabon project
HOUSTON (ICIS)--Canadian fertilizer developer Millennial Potash announce that it has initiated its Phase 3 drilling campaign at its flagship Banio Potash Project in Gabon. These efforts will consist...
Crude oil prices could increase in ‘a very big way’ as inventories falling fast – UBS
NEW YORK (ICIS)--Crude oil prices could see a big surge higher as inventories are being depleted rapidly and approaching 35-year lows, said UBS. Pre-Iran conflict, around 20.5 million bbl/day of...
Rising diesel costs spur fuel surcharges as crude prices remain elevated from Iran conflict
HOUSTON (ICIS)--US on-highway diesel fuel prices are up by almost 63% compared with the same week a year ago amid the US war in Iran and the closure of the Strait of Hormuz, spurring fuel
USDA May WASDE projecting corn at 16 billion bushels across 95.3 million planted acres
HOUSTON (ICIS)--The corn crop is projected at 16 billion bushels, down 6% year on year, with soybeans estimated to increase by 173 million bushels from the 2025 crop, the USDA of Agriculture (USDA)...
CRUDE SUMMARY: Crude’s climb continues as US-Iran ceasefire weakening
US and Iran rejected each other’s terms for peace Iran’s claim of sovereignty over Strait of Hormuz looks insurmountable Faint optimism about Chinese diplomatic assistance when Trump and Xi meet...
Chem trade groups support regulator’s final rule to improve rail service reporting
HOUSTON (ICIS)--The largest US chemical trade groups said they support a final rule from the government’s rail regulator that should strengthen freight railroad service reporting and increase...
Canadian firm gets govt support for biofuels project
TORONTO (ICIS)--Canadian firm Greenwater Technology has secured Canadian dollar (C$) 5.5 million (US$4 million) in Ontario provincial government support for a C$15.5 million demonstration project to...