Industry News
Chemical Industry News
Plant status: Hungarian MOL’s base oils units to return to full capacity in H2 October
LONDON (ICIS)--Here is a plant status report: Name: MOL Group Location: Szazhalombatta, Hungary Products: Base oils, Group I Capacity (tonnes/year): 195,352 Event start: 20 October 2025 (loss of...
CRUDE SUMMARY: Crude benchmarks slip on improved Middle East oil flows, possible US-Iran talks
Crude supply outlook from the Middle East improves Possible resumption of US-Iran talks this week Saudi East-West Pipeline resumes flows LONDON (ICIS)--Oil prices continued to edge down during...
Caution outweighs confidence in PP & PE GCC, European and Indian markets
DUBAI (ICIS)--Polyethylene (PE) and polypropylene (PP) markets across the Gulf Cooperation Council (GCC), Europe and India remained under pressure in September, with rising costs, logistics...
October gas capacity bookings across CEE jump with Ukrainian exports in focus
Monthly gas capacity bookings for October rise across CEE region Ukrainian bookings are the main focus for many traders in the region Healthy interest in bookings along TurkStream suggest strong...
POWER FORESIGHT PREVIEW: Lignite extensions to reshape Romanian flows more than power prices
Extending three Romanian lignite-fired units is set to provide a limited and highly seasonal reduction in domestic power prices over their remaining operating lives. Although the decision was...
Hungarian prompt power prices remain elevated despite improved supply outlook
Hungarian Day-ahead and front-week power prices are yet to return to early-July levels, despite return of nuclear capacity in the country The Week 39 contract averaged €191.2/MWh between 14-18...
GAS ALERT: VNG Gasspeicher fully allocates storage year 2028/29 capacity
FRANKFURT (ICIS)--Germany’s VNG Gasspeicher (VGS) fully allocated 1TWh, equivalent to around 93 million cubic meters (mcm), of storage capacity for storage year 2028/29, the company said on 22...
Wells Fargo cuts LyondellBasell earnings estimates but positive on Q4 PE hike
NEW YORK (ICIS)--Wells Fargo took down profit forecasts on LyondellBasell, most significantly for 2027 and 2028, on prospects for faster normalization in a challenging demand environment...
BeyondPoly’s new polyolefin elastomer plant in China operating at capacity
LONDON (ICIS)--BeyondPoly's “Version 2.0” 100,000 tonne/year polyolefin elastomer (POE) plant at Binzhou City in China’s Shandong province has reached its planned production capacity, Swiss...
INEOS to mothball all three world-scale UK acetyls units as high energy costs bite
LONDON (ICIS)--INEOS will mothball all three of its world-scale chemical plants in Hull, UK, as European gas prices are 12 times higher than those in the US, the chemicals major said on Tuesday....
Asia ACN market faces continued upstream cost pressure
SINGAPORE (ICIS)--The Asia acrylonitrile (ACN) market is likely to face continued upstream cost pressure as the US-Iran war drags on, although ample supply and weak downstream demand are serious...
Brazil’s Amazonas drought expands sharply, rising risks to Manaus chemicals logistics
SAO PAULO (ICIS)--Drought conditions in Brazil's Amazonas state intensified sharply between July and August, with the affected area jumping from 60% to 94% of the state's territory, according to the...
INSIGHT: Majority of Europe petchem prices to fall in September amid softer building block costs
LONDON (ICIS)--European petrochemical prices are set to decline across most markets in September as a slight fall in the average naphtha cost in August versus July dragged key feedstock prices down....
Canada bill aims to speed up project approvals
TORONTO (ICIS)--Canada’s federal government has introduced legislation to speed up the approval of new projects. Under the “Building Canada Strong Act” (Bill C-39) companies could get approvals...
Feeding AI’s appetite for data
Tapping companies’ archives makes for better predictions of how proteins bind drugs, but any data inputs need to be transparent and attributed
Europe BD October contract price settles €50/tonne higher on feedstock costs
LONDON (ICIS)--The European butadiene (BD) contract reference price for October has been set at €1,185/tonne, an increase of €50/tonne compared with September. Six suppliers and five consumers...
New US sanctions law raises questions over EU’s Russian gas exposure
President Trump can impose tariffs up to 100% ad valorem on countries buying Russian oil or gas Law may also have implications for EU France, Hungary may face scrutiny By Aura Sabadus and Gretchen...
Brazil launches national reverse logistics tracking system as recycled-content rules take shape
SAO PAULO (ICIS)--Brazil's Ministry of Environment and Climate Change (MMA) has created Sisrev-BR, a national platform designed to monitor, track and support enforcement of reverse logistics systems...
Italy ready to challenge Brussels over energy decree
Italy could bypass EU approval to implement DL Bollette after six months of inconclusive talks Energy minister Gilberto Pichetto Fratin urges government intervention as energy prices are skyrocketing...
PFAS chemicals represent a human rights threat, UN told
The UN’s current and former toxics advisers are urging an immediate ban on all non-essential uses of these chemicals