Industry News
Chemical Industry News
UK could exceed 2030 interconnector capacity target but unlikely to be net power exporter until 2035
UK government targets 12-14GW of electricity interconnector capacity as part of clean power 2030 strategy ICIS Analytics forecasts the UK to exceed its interconnector target, with 16.7GW of capacity...
Dutch regulator proposes to revise discounts on key gas import routes for 2027
ACM plans 2027 revisions to discounts for interruptible capacity and LNG entry points, based on updated interruption data and 2024 LNG volumes Reduced Gate‑terminal discounts may raise shipper...
Europe PA liquid spot prices move down, flake stable on slow activity
LONDON (ICIS)--European phthalic anhydride (PA) liquid spot prices have declined notionally in the week ending 16 January to reflect the January PA contract price reduction. There has been limited...
Envalior to end glass fiber production at Kallo, Belgium
LONDON (ICIS)--Envalior plans to end glass fiber production at its Kallo site in Belgium by the end of 2026, affecting 220 jobs, the Germany-based engineering materials producer said on Tuesday. A...
Trump’s attack on science is shaking industry’s foundations
By dismantling scientific enterprise, the US risks ’taking a hammer to our miracle machine’
Hungary’s MOL signs provisional deal to acquire majority of Serbia’s NIS
LONDON (ICIS)—Hungary’s MOL Group said late on Monday that is has signed a provisional binding heads of agreement with Russia’s Gazprom Neft to acquire its 56.15% stake in Serbian refiner...
Covestro and partner break ground on ‘heat battery’ at German MDI site
LONDON (ICIS)--Covestro and energy equipment manufacturer Rondo Energy have broken ground on a “heat battery” project at Covestro’s methylene diphenyl diisocyanate (MDI) production site at...
Romania’s electricity, gas production set to rise but plans may face challenges – part 1
Romania expecting to double its gas-fired power generation capacity by 2030 Renewable capacity expected to expand at a fast pace New capacity comes online as nuclear plant will stop for maintenance...
Hungary’s MOL eyes Gazprom Neft’s majority stake in Serbia’s NIS
Hungary’s MOL gets a step closer to acquiring Gazprom Neft’s majority share in Serbia’s NIS Serbian state hopes to increase its NIS ownership by 5%, while UAE's ADNOC is negotiating with MOL to...
Europe LDPE and HDPE injection prices firm on low ends
LONDON (ICIS)--Prices have firmed on the low ends of the ICIS assessments for low density polyethylene (LDPE) and high density polyethylene (HDPE) injection grade on the back of reduced availability....
Plant status: Keyera in unplanned outage at Canadian iso‑octane plant
LONDON (ICIS)--Here is a plant status report: Company: Keyera Plant location: Alberta Envirofuels (AEF) Edmonton plant in Alberta province, Canada Product: Iso-octane Capacity: 14,000 barrels/day...
German gas exports through Transitgas to persist in February PRISMA auctions show
Capacity of 1.7mcm/day booked at 'VIP Germany-CH' interconnector for February amid strong Italian premiums Mazara del Vallo saw the biggest booking overall at 17mcm/day Full uptake of 2.2mcm/day...
Europe styrene spot activity hits multi-month record on supply concerns
LONDON (ICIS)--Spot activity peaked in the Europe styrene market in the week ended 16 January, with trade for January, February, and March loading reported. Reported spot volume traded for January...
Plant Status: Egypt’s OPC PP production shut until end of February
LONDON (ICIS)--Here is a plant status report: Name: Oriental Petrochemicals Company (OPC) Location: Ain Sokhna, Egypt Product: Polypropylene (PP) Capacity (tonnes/year): 225,000 Event start: Late...
Henkel in talks to acquire specialty chemicals company Stahl
LONDON (ICIS)--German adhesives producer Henkel is in discussions to acquire Netherlands-based specialty chemicals and coatings company Stahl Holdings. Stahl is majority-owned by French investment...
Tariff fears continue to roil Europe chems as EU President calls for more integration
LONDON (ICIS)--Renewed trade tensions and the fear of fresh tariffs on some European nations continue to weigh on the region's chemical stocks, as Commission President Ursula von der Leyen is calling...
Instability in Iran boosts urea prices again
LONDON (ICIS)--Heightened instability in Iran has raised fresh concerns about the availability of urea exports and if plants will be able to restart as planned in late February. At the same time,...
UREA: Algeria’s AOA sells 25,000 tonnes at $461/tonne FOB
In Algeria, AOA Edeola/Bahwan is understood to have sold a 25,000 tonne cargo of granular urea to Europe at $461/tonne FOB. During the previous trading week, the Algerian urea and ammonia producer...
MOVES: Trinseo expands board after talks with financial stakeholders
HOUSTON (ICIS)--Trinseo has added two independent directors to its board after talks with financial stakeholders about its capital structure, the US-based styrenics and engineered materials producer...
New reagents take the burn out of butyllithium
Merck KGaA’s non-pyrophoric butyllithium in poly(α-olefin) oil make BuLi stable to air and water