Industry News
Chemical Industry News
Commission to publish key energy-market reports by end of March
European Commission to report on gas market alongside commodity derivatives review Reports will underpin any legislative proposals requiring energy firms to comply with financial trading rules...
GAS ALERT: Germany’s Katharina storage facility to change operator from April ’26
LONDON (ICIS)—Storage operator VNG said on 5 February that as of 1 April 2026, the operation of the Katharina underground gas storage facility will be transferred from Erdgasspeicher Peissen GmbH...
Storengy offers Peckensen LTO bundles to enable bids into THE special balancing tenders
Storengy will auction 50 Peckensen “LTO” bundles (10MWh/h each) on 6 February to enable bids into THE’s new short-term RoD LTO balancing tenders It wraps storage withdrawal into tender-eligible...
Falling LNG prices hit Shell’s earnings, as it talks up European demand
Shell's LNG sales up on LNG Canada start Lower LNG prices hit wider company earnings LNG production outlook broadly stable for Q1 LONDON (ICIS)--Energy major Shell attributed a 22% fall in 2025...
German FUCHS to take full control of Turkish lubricants JV
LONDON (ICIS)--German lubricants producer FUCHS Group has agreed to acquire the remaining 50% stake of its OPET FUCHS joint venture in Turkey for an undisclosed sum. On completion of the deal in...
World first for clinical trial of skin patch to monitor therapeutic drugs in real time
Sensor could soon help doctors to prevent overdoses of drugs
Embodying polymer chemistry with a purpose by upcycling plastics and trapping PFAS
For Frank Leibfarth, focussing on reactivity and selectivity helps him bridge the gap between fundamental and applied research
BP awards work for green hydrogen project at German refinery
LONDON (ICIS)--BP has awarded a contract for work on its green hydrogen project at the company’s Lingen refining site in northwest Germany to industrial services company Bilfinger. Bilfinger’s...
Commission ‘confident’ SUPD vote will pass, impacting rPET imports to Europe
ROME (ICIS)--The European Commission is ‘confident’ that member states will vote in favor of passing a new draft Implementing Act that will delay imports of recycled polyethylene terephthalate...
GAS ALERT: Dutch TAQA seeks optimisers for Bergermeer capacity for storage year 2026
LONDON (ICIS)--The operator of Dutch store Bergermeer, TAQA Gas Storage BV (GSB), said it will allocate new volumes under the Optimisation Agreement for Storage Year 2026 (OA26) in February. The...
Europe AA, acrylate esters stable amid ongoing sluggish start to 2026
LONDON (ICIS)--The Europe acrylic acid (AA) and acrylate ester markets have seen spot prices remain unchanged this week. Prices for AA are unchanged for an eleventh week, with underlying fundamentals...
Daicel reviews COC business, delays startup of German project
LONDON (ICIS)--Daicel has decided to review its business plan for cyclic olefin copolymer (COC) as demand is increasing slower than expected, the Japanese chemicals company said on Thursday. The...
US LNG output marks slight monthly drop following winter freeze
January US monthly LNG production down for first time since September '25 Feedgas nominations rebound to pre-freeze levels Cargoes could be delayed or considered cancelled, depending on various...
Plant status: Kazakhstan’s KPI to resume PP production next week – source
LONDON (ICIS)--Here is a plant status report: Name: Kazakhstan Petrochemical Industries Location: Karabatan, Kazakhstan Product: Polypropylene (PP) Capacity (tonnes/year): 500,000 Event start: 19...
Strong demand for near-term Croatia’s Krk LNG slots at auction but none for late 2030s
LONDON (ICIS)--There was strong demand at annual auctions for capacity at Croatia’s Krk LNG terminal for slots out until 2030, with auctions closing at significant premiums, but no interest in...
INSIGHT: Storm Leo brings chaos to Spain and Portugal; shipping delays across Europe
BARCELONA (ICIS)--Storm Leo has brought high winds and torrential rain across large parts of Spain and Portugal, forcing ports and shipping companies to suspend operations. The severe weather system...
China‘s domestic sulphur trading subdued
SINGAPORE (ICIS)--Trades in China's domestic sulphur market were subdued approaching the Lunar New Year holiday. Spot deals almost came to a halt recently with prices in both the spot market and...
GAS ALERT: Dutch Eneco signs gas supply deal with Equinor for five years
LONDON (ICIS)--Norway’s energy producer Equinor said on 5 February it entered into a five-year agreement with Dutch utility Eneco for the supply of up to 0.5 billion cubic meters of natural gas per...
Dutch offshore wind CfD may lower power prices, but unlikely to aid 2040 target
The new Dutch government has proposed to introduce a CfD support mechanism to support its 40GW target of offshore wind by 2040 If introduced, it could boost tender success and weigh on long-term...
China’s sulphur port inventories down 54,000 tonnes on more trading
SINGAPORE (ICIS)--China’s sulphur port inventories fell to around 1.81 million tonnes on 5 February, because of more trading in the domestic market, ICIS data showed. This marks a decrease of...