Industry News
Chemical Industry News
Netherlands to fully empty Norg and Grijpskerk gas storage by April 2026
Gasterra is set to empty Norg and Grijpskerk by April 2026 as part of its phaseout and handover to NAM Government acknowledges supply risks and reiterates plans to expand EBN’s filling mandate from...
Plant status: Cross Oil plans naphthenic base oils plant maintenance in late February
LONDON (ICIS)--Here is a plant status report: Name: Cross Oil & Refining Location: Smackover, Arkansas, US Product: Naphthenic base oils Capacity (bbl/day): 5,000 (267,000 tonnes/year) Event...
Plunging TTF prices lead Winter ’26 to return to a premium to Summer ’26
By Ethan Tillcock and Brendan A'Hearn TTF Winter ’26 premium to Summer ’26 returned amid market selloff Traders split on if Summer ’26 discount can hold / widen Inversion risk remains as...
US Valtris sells French renewable business
HOUSTON (ICIS)--US-based Valtris Specialty Chemicals has sold its Champlor Renewables business at Baleycourt, Verdun, in northeast France, to French agri-food group Avril Industrie for an undisclosed...
Dramatic reductions proposed for US science agencies by Trump administration evaporate
Final 2026 budget figures, passed by Congress and signed into law, reject significant cuts that the White House had proposed
Europe styrene spot market extends rally as multiple issues add support
LONDON (ICIS)--Europe styrene spot activity was fairly modest in the week ended 30 January, ahead of monthly contract settlements and as the focus on the current month switched to February. Market...
Italian Energy Release 2.0 scheme assigns 94% of available electricity volumes – GSE
94% of electricity volumes available assigned by Italian Energy Release mechanism Energy‑intensive consumers will receive electricity at a discounted price of €65/MWh, in exchange for committing...
Plant status: SABIC plans maintenance at MTBE unit in Beek from mid-March
LONDON (ICIS)--Here is a plant status report: Name: SABIC Europe Location: Beek, Netherlands Products: methyl tertiary butyl ether (MTBE) Capacity (tonnes/year): 150,000 tonnes/year Event start:...
Brazil’s Finance Ministry says tax reform will not raise recycling sector burden
SAO PAULO (ICIS)--Brazil’s Ministry of Finance has rejected claims that the country’s tax reform will increase the tax burden on the recycling chain, although it did not provide estimates of...
MOVES: INVISTA appoints new CEO
HOUSTON (ICIS)--INVISTA has appointed Nancy Kowalski as its new president and CEO, effective 1 March. Kowalski was until recently executive vice president for INVISTA’s global nylon business In her...
NBP March ’26 discount to TTF likely to drive exports to continent
British gas hub's discount to Europe to drive exports Net flows in March had been limited last two years Downward temperature revision could see spread narrow rapidly LONDON (ICIS)--A widening NBP...
Eni and Q8 Italy to build a biorefinery at Priolo, Sicily
LONDON (ICIS)--Eni and Kuwait Petroleum Corp's Q8 Italy affiliate plan to build a 500,000 tonne/year biorefinery at Priolo, near Syracuse, Sicily, Eni said on Tuesday. The biorefinery will be able to...
US Enterprise Products’ Q4 profit, op margins rise on strong volumes
US Enterprise Products’ Q4 profit, op margin rise on strong volumes HOUSTON (ICIS)--Enterprise Products’ Q4 net income and operating income rose year on year as strong volume growth drove...
‘Living biosensor’ lights up to detect wine spoilage in real time
Genetically modified bacteria glow in high levels of acetic acid, a common signal that wine has gone bad
GAS ALERT: Czech utility CEZ eyes extending capacity at Dutch Eemshaven LNG terminal
LONDON (ICIS)--The Czech government tasked utility CEZ with extending capacity at the Dutch Eemshaven LNG terminal, Karel Havlicek industry and trade minister has said. The current contracted...
GAS ALERT: UAE’s XRG acquires stake in Southern Gas Corridor
LONDON (ICIS)--XRG, the international investment arm of the UAE’s state-owned producer Adnoc, officially signed the documents to purchase a part of the Azeri government’s shares in the Southern...
Plant status: Calumet plans naphthenic base oils plant maintenance in H1 April
LONDON (ICIS)--Here is a plant status report: Name: Calumet Location: Princeton, Louisiana, US Product: Naphthenic base oils Capacity (barrels/day): 7,000 (373,800 tonnes/year) Event start: H1 April...
German players agree MoU for Saudi green ammonia imports
LONDON (ICIS)--A consortium of Germany-based companies have agreed a memorandum of understanding (MoU) to transport green hydrogen from Saudi Arabia to Germany, the companies said. The terms of the...
Plant status: S Korea’s Hanwha Total restarts Daesan BD plant
SINGAPORE (ICIS) – Here is a plant status report: Name: Hanwha Total Energies Petrochemical Location: Daesan, South Korea Product: Butadiene (BD) Capacity (tonnes/year): 150,000 Event start: H2...
Indonesia sulphur imports up by nearly half in 2025
LONDON (ICIS)--Indonesia’s sulphur imports amounted to more than 5.3 million tonnes in 2025, growing by 47.6% year on year and exceeding the 2024 full-year total of a little over 3.6 million...