Industry News
Chemical Industry News
VEGA Opens New Plant in China
VEGA Grieshaber KG, a measurement technology manufacturer based in Schiltach, is continuing to expand its international presence. At the end of May, the company officially launched and celebrated the grand opening of a new facility
System in US Gulf could be first named storm of 2026 Atlantic hurricane season
HOUSTON (ICIS)--Meteorologists are watching a tropical depression along the US Gulf Coast that could become the first named storm of the 2026 Atlantic hurricane season and bring heavy rainfall and...
NYMEX: US natural gas futures gain supported by stronger US LNG feedgas demand
Front-month US natural gas futures gained on 16 June despite strong production and cooler temperatures The July 2026 Henry Hub contract on NYMEX settled at $3.239/MMBtu, up nearly 2.9% from the...
Braskem’s US shares fall nearly 11% on Alagoas legal action
HOUSTON (ICIS)--US-listed shares of Brazilian petrochemical producer Braskem fell by nearly 11% on Tuesday following reports that a federal judge will allow legal proceedings to proceed against the...
CRUDE SUMMARY: Crude maintains three-month low prices as market waits for peace agreement
Brent reaches $79/barrel, lowest since 2 March Russian exports pressured amid ongoing Ukraine drone attacks US Federal Reserve to meet 16-17 June LONDON (ICIS)--Oil prices continued to hold their...
MOVES: Intrepid Potash names Tremblay as CFO
HOUSTON (ICIS)--US fertilizer producer Intrepid Potash announced the appointment of Jason Tremblay as CFO effective 15 June. The company said Tremblay brings nearly three decades of leadership...
AIS data shows no material change to traffic through Strait of Hormuz – analyst
HOUSTON (ICIS)--The US and Iran will officially sign a memorandum of understanding (MoU) on Friday, allowing for the immediate reopening of the Strait of Hormuz, but a shipping analyst said that...
US corn planting concluded with soybeans at 95%
HOUSTON (ICIS)--Planting of the corn crop is completed with soybean sowings nearly finished at 95%, according to the latest US Department of Agriculture (USDA) Crop Progress Report. Wet weather...
Plant status: Innova shuts Manaus, Brazil PS plant for maintenance
SAO PAULO (ICIS)--Here is a plant status report: Name: Innova Location: Manaus, Brazil Product: Polystyrene (PS) Capacity (tonnes/year): 195,000 Event start: 15 June Event finish: 22 June Reason:...
INSIGHT: Olin-Huntsman merger could reshape North America polyurethane landscape
HOUSTON (ICIS)--The proposed merger between Olin and Huntsman may not immediately alter polyurethane (PU) pricing or supply, but industry participants should not underestimate its long-term...
Canada manufacturing sales rise 4.2% from March to April, led by oil products; chemicals rise 1.1%
TORONTO (ICIS)--Canada’s manufacturing sales rose 4.2% month on month to Canadian dollars (C$) 77.1 billion ($55.1 billion) in April, following a 3.4% March increase, according to data by federal...
GSK agrees $10 billion deal for Nuvalent cancer drugs
Deal includes two late-stage molecules to augment GSK’s renewed cancer therapy pipeline
Helium shortages caused by the US–Iran war haven’t got UK chemistry departments worried yet
Helium recovery systems have helped universities avoid impacts from supply issues
FCFC issues prompt PX buy tender for delivery into Ningbo
SINGAPORE (ICIS)--Formosa Chemicals & Fibre Corp (FCFC) has issued a tender for paraxylene (PX) for prompt delivery, according to market sources. The company is looking for PX for June delivery...
Asia MEG prices continue to tumble on supply recovery expectation
SINGAPORE (ICIS)--Asia’s monoethylene glycol (MEG) prices extended the decline as worries on supply recovery after the reopening of Strait of Hormuz have weighed on spot discussions. Most sellers...
Plant status: S Korea’s Hanwha Total mulls No 2 EVA plant shutdown in July
SINGAPORE (ICIS)--Here is a plant status report: Name: Hanwha Total Petrochemical Location: Daesan, South Korea Product: Ethylene vinyl acetate (EVA) Capacity (tonnes/year): 280,000 (No 2) Event...
Water, Clay and Carbon: A New Route to Sustainable Energy Storage
Can pure water store electrical energy? A research team led by Dr. Vasily Artemov within the Cluster of Excellence “BlueMat – Water-Driven Materials” at Hamburg University of Technology has now shown that it can. By
A new route to safe and sustainable synthetic chemistry
Oxidation reactions are indispensable to the chemical industry, but from a process safety perspective they are among the most challenging transformations. A research team at the University of Bayreuth, working in collaboration with international partners,
Malaysia’s TMK Chemical to acquire CCM for $222 million
SINGAPORE (ICIS)--Malaysian-listed investment holding firm Batu Kawan Berhad (BKB) has accepted in principle the offer by chlor-alkali derivatives producer TMK Chemical to acquire Chemical Company of...
Bank of Japan raises interest rates to highest level since 1995
SINGAPORE (ICIS)--The Bank of Japan (BoJ) raised its benchmark policy rate to a 31-year high of 1.0% on Tuesday as it battles growing inflationary pressures caused by the Middle East war and a weak...