Industry News
Chemical Industry News
N America chemical rail traffic rises for eighth week, led by 5.9% US increase
HOUSTON (ICIS)--North American chemical railcar traffic rose 3.3% year on year, to 51,610 loadings for the week ended 28 March, marking an eighth consecutive increase, according to freight rail...
M&G Polimeros seeking temporary 6.5 cent/lb surcharge on North American PET
HOUSTON (ICIS)--M&G Polimeros is seeking a temporary 6.5 cent/lb surcharge on all formula-based and spot polyethylene terephthalate (PET) in North America, effective 1 April. The key drivers of...
India announces green ammonia deals, aims to cut imports
LONDON (ICIS)--India’s Ministry of Chemicals and Fertilizers on Wednesday announced green ammonia purchase and supply agreements between fertilizer companies and green ammonia producers, covering...
Mexico manufacturing contracts in March on persistent weak demand, global woes
SAO PAULO (ICIS)--Mexico's manufacturing sector contracted for a seventh consecutive month in March on the back of declines in new orders, exports, and production, according to S&P Global on...
Plant status: Indorama Ventures maintenance at US ethanolamines unit
LONDON (ICIS)--Here is a plant status report: Name: Indorama Ventures Location: Plant No 1, Port Neches, Texas, US Product: Ethanolamines Capacity (tonnes/year): 186,000 Event start: 1 April Event...
Hexane and white spirit average truck prices up but C9 levels stable on lower demand
LONDON (ICIS)--The European refinery solvents markets saw average truck prices for hexane and white spirit jump again this week as feedstocks remained at elevated levels and tightness kept buyers...
Venezuela investment hinges on reform credibility, executives say
Venezuela is attracting renewed industry interest, but investment hinges on credible reforms, contract security, and resolution of legacy disputes Opposition leader Machado proposes privatization,...
Europe April propylene CP talks to continue into third day
LONDON (ICIS)--European propylene contract reference price discussions will continue into Thursday, 2 April after failing to find the necessary 2+2 producer-consumer consensus to establish the new...
Energy price tools coming soon, but expect prolonged disruption – Commission
LONDON (ICIS)--The European Commission will present a toolbox of measures to help mitigate rising energy prices “quite soon”, EU energy commissioner Dan Jorgensen said on 31 March, but warned of...
Europe base oils Group III spot prices continue to hike with no relief in sight for ongoing shortages
LONDON (ICIS)--European base oils Group III spot values jumped triple digits again this week, with tightness in the region set to continue into the second quarter. Spot prices for all grades moved up...
APG Polytech seeking 6 cent/lb surcharge due to higher crude oil, natural gas prices
HOUSTON (ICIS) – APG Polytech has announced a 6 cent/lb surcharge on all US polyethylene terephthalate (PET) purchases, for both formula-based and non-formula-based accounts, effective 1 April. The...
US manufacturing expands for third month in March, raw material prices jump
HOUSTON (ICIS)--Economic activity in US manufacturing expanded for a third consecutive month in March, according to the latest purchasing managers’ index (PMI) survey released by the Institute for...
Brazil’s manufacturing still shrinking, albeit at lower pace; costs rise on Middle East conflict
SAO PAULO (ICIS)--Brazil's manufacturing sector remained in contraction for an eleventh consecutive month in March, though activity rose slightly compared with February, analysts at S&P Global...
Europe CX April contract climbs with feedstock, higher Q2 delta contract
LONDON (ICIS)--The European cyclohexane (CX) April contract price has settled at €1,252/tonne, up by €279/tonne from March, following an increase in upstream benzene costs and a higher delta...
Hedge fund net long on ICE TTF reaches all-time high on Iran war disruption
Hedge fund net long on ICE TTF reaches new all-time high Commercial undertakings continue to cut open interest Iran war continues to disrupt global gas supply, European fundamentals unchanged LONDON...
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30 Million Euros for Catalyst Research Using AI-Controlled Laboratories
Six partners from research and industry, including Helmholtz-Zentrum Berlin (HZB), the Fritz-Haber-Institute of the Max Planck Society (FHI), BASF, Dunia Innovations, Siemens Energy, and the Technical University Berlin are launching a joint project to accelerate
Innovative coating for hydrogen components
The hydrogen industry requires large quantities of reliable and cost-effective components. Bipolar plates in fuel cells and electrolyzers play a central role in this regard. Researchers at the Fraunhofer Institute for Electron Beam and Plasma
Capturing CO2 Using Wastewater: Hereon Study Demonstrates Industrial Potential
Alkaline industrial wastewaters from steel or cement production are ideally suited to bind and sequester carbon dioxide (CO₂) chemically, safely, and for the long term. This is the result of a study conducted by the