Industry News
Chemical Industry News
PetroChina identifies 19 “aging” refining, petrochemical units in China
SINGAPORE (ICIS)--Chinese petrochemical major PetroChina has identified 19 of its domestic refining and petrochemical plants are "aging", with decision on what would be done to these units resting on...
Japan Mitsui Chemicals Apr-Sept net profit falls 65% amid lower selling prices
SINGAPORE (ICIS)--Mitsui Chemicals’ April-September net profit plunged by 64.7% to yen (Y) 7.8 billion, weighed by inventory valuation losses at its chemical units stemming from the drop in raw...
Pfizer wins bidding war for Metsera and its weight-loss drugs
US firm matched Novo Nordisk’s rival bid and had backing of competition regulator
Plant status: China’s Sichuan Yongying shuts BDO plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Sichuan Yongying New Material Location: Nanchong, Sichuan, China Product: 1,4-butanediol (BDO) Capacity (tonnes/year): 180,000 Event start: 11...
IVL, Jiaren Chemical Recycling form JV for rPET
SINGAPORE (ICIS)--Indorama Ventures Ltd's (IVL) fibers business has formed a joint venture (JV) with China-based Jiaren Chemical Recycling, a firm specializing in chemical polyester recycling...
Singapore Aster, Aether Fuels sign deal to build SAF facility
SINGAPORE (ICIS)--Singapore-based Aster Chemicals and Energy (Aster) on Tuesday said that it has signed an agreement with Aether Fuels on Tuesday to develop a commercial-scale sustainable aviation...
Plant status: China Yihai Kerry to restart ECH units in H2 Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: Yihai Kerry Location: Lianyungang, China Product: Epichlorohydrin (ECH) Capacity (tonnes/year): 50,000 + 50,000 + 50,000 Event start: 7 November...
Residential consumption, CCGTs drive increase in Italian gas demand in 2025
Italian gas demand in the Q4 '25 forecast at 20 bcm, 5% higher year on year The recovery showed in 2025 expected to remain in the coming years Snam added details about possible new LNG
INEOS readies sheaf of Europe antidumping filings
LONDON (ICIS)--INEOS is preparing to file 10 antidumping cases with the European Commission as the producer warned of increasing flows of low-cost material into the region from Asia, the US and the...
China domestic OX prices create fresh year low
SINGAPORE (ICIS)--Chinese domestic orthoxylene (OX) continue its downtrend, with supply outstripping demand. OX prices in the local China markets declined by yuan (CNY) 100/tonne week on week to...
S Korea 1-10 Nov PX exports up 22.6% month on month
SINGAPORE (ICIS)--South Korea exported a total of around 173,297 tonnes of paraxylene (PX) during the period 1-10 November, up by 22.6% compared with the same period in the previous month, according...
Asia SAN markets see mixed momentum in region, echoing recent PMI trends
SINGAPORE (ICIS)--Styrene acrylonitrile (SAN) discussion levels in China dipped, with players struggling to close spot import deals. In India, a deal was closed following the Diwali holiday. Offers...
Plant status: China’s Sinopec ZRCC restarts No 2 MEG unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinopec Zhenhai Refining & Chemical Company (Sinopec ZRCC) Location: Ningbo, Zhejiang, China Product: Monoethylene glycol (MEG) Capacity...
Long-term stability for perovskite solar cells: a big step forward
Perovskite solar cells are inexpensive to produce and generate a high amount of electric power per surface area. However, they are not yet stable enough, losing efficiency more rapidly than the silicon market standard. Now,
More energy from every battery
The start-up project ‘DOYAM-LiONEis’ at the Institute for Electrical Machines, Traction and Drives (IMAB) at Technische Universität Braunschweig is being funded for two years with almost one million euros by the exist Research Transfer programme
Executive board change at Hosokawa Alpine AG as at 1 January 2026
On 1 January 2026, Hosokawa Alpine AG will undergo a significant change in the company's management. The current executive board – CEO Dr Antonio Fernández and CFO/COO Jürgen Wilde – will step down from their
Plant status: China’s Henan Yongjin to restart Puyang MEG unit in end Nov
SINGAPORE (ICIS)--Here is a plant status report: Name: Henan Yongjin Chemical Location: Puyang, Henan, China Product: Monoethylene glycol (MEG) Capacity (tonnes/year): 200,000 Event start: June 2025...
Enilive, PETRONAS and Euglena start construction of biorefinery in Pengerang
SINGAPORE (ICIS) -- Enilive, a subsidiary of Italy’s Eni, alongside Malaysian state oil and gas firm PETRONAS and Japan’s Euglena marked the start of construction of a new biorefinery in...
Asia ABS trades mixed, mirroring recent regional market indicators
SINGAPORE (ICIS)--Acrylonitrile butadiene styrene (ABS) discussion levels in northeast Asia have dipped, while those in India are moving in the opposite direction, in tandem with recent trends in...
Saudi Arabia’s Petro Rabigh narrows Q3 net loss on lower expenses
SINGAPORE (ICIS)--Rabigh Refining and Petrochemical Co (Petro Rabigh) narrowed its Q3 net losses by 4.9% year on year to Saudi riyal (SR) 1.24 billion ($331 million) amid lower financial charges, the...