Industry News
Chemical Industry News
Germany’s Wacker experiences €500m toll in 2021 of high raw materials, energy costs
MADRID (ICIS)--Wacker Chemie's earnings took a hit of €500m in 2021, compared with 2020, on the back of high raw material and energy costs, the German chemicals producer said on Wednesday. Earnings...
Worldwide wastewater analysis reveals rise of designer drugs during lockdowns
Replacement of banned mephedrone found for the first time in New Zealand over 2020 Christmas period
ICGB to market 1.43bcm/year of IGB gas pipeline capacity on PRISMA
LONDON (ICIS)--Half of the yearly capacity on the 3 billion cubic meter (bcm) per year Greece-Bulgaria Interconnector (IGB) will be offered on PRISMA gas trading platform, marking a major step in the...
DMT Europe January contract price increases on back of PX, methanol
LONDON (ICIS)--January contract prices for Europe dimethyl terephthalate (DMT) increased, according to ICIS calculations. The assessed January contract range was up by €49/tonne on both ends at...
Technip Energies acquires corn-based MEG technology
HOUSTON (ICIS)--Technip Energies has acquired the Iowa Corn Promotion Board’s (ICPB) patents, technology and rights for a process technology to produce monoethylene glycol (MEG) from corn...
INVISTA’s ADN project in China set for mid-year startup
HOUSTON (ICIS)--INVISTA's adiponitrile (ADN) project in Shanghai, China is on track for a mid-year 2022 startup, the US-based producer said in an update on Wednesday. Construction on the 400,000...
GLM FOCUS BOX: Greens to object if Commission puts green label for gas back on table
LONDON (ICIS)--As European nations wait to hear a decision on whether natural gas and nuclear power will be awarded green labels to facilitate infrastructure investment, the move faces wider...
GLM FOCUS: Green label for gas divides Europe, stalls LNG investment
LONDON (ICIS)--The European Commission’s delayed decision on whether to include natural gas in its green taxonomy is already slowing LNG investment plans, showing just how effective removing the...
Martin Shkreli fined and banned from pharma for life
‘Pharma Bro’ must pay back $65m in profits for anticompetitive behaviour while leading Turing Pharmaceuticals
EU commercial vehicle sales rise 9.6% in 2021
LONDON (ICIS)--EU commercial vehicles sales increased in 2021, despite a fall in demand in December, according to the European Automobile Manufacturers’ Association (ACEA) on Wednesday. Commercial...
Romania lowers electricity, gas tariff cap as market prices soar
LONDON (ICIS)--The Romanian government has lowered a cap on electricity and gas tariffs and expanded the compensation scheme to more consumers as spot prices have been spiralling to record levels....
Novel hybrid nanocages for faster catalysis
A novel hybrid ferritin nanocage with histidine residues shows 1.5 times higher metal ion uptake and improved catalytic efficiency for alcohol production, find researchers from Tokyo Tech in a new study. Their findings suggest that
A transition metal handyman
Using nickel templating to promote a large molecule for organic electronics
Start-up works to transform the hydrogen economy
Ionomr Innovations Inc. has closed a $15 million US Series A funding round with lead investors Shell Ventures and Finindus, joined by Chevron Technology Ventures (CTV), NGIF Cleantech Ventures and Pallasite Ventures. "This strategic investment
Rusting iron can be its own worst enemy
Iron that rusts in water theoretically shouldn’t corrode in contact with an “inert” supercritical fluid of carbon dioxide. But it does. The reason has eluded materials scientists to now, but a team at Rice University has a
Switchable smart window coating can heat or cool a room
Phase-change material can convert sunlight into heat or reflect it while staying transparent
Coronavirus pandemic, vaccine issues add to European logistical challenges in January
LONDON (ICIS)--The coronavirus pandemic has caused unprecedented problems with transport in Europe. A combination of illness, isolation and regulations around vaccines has greatly increased logistics...
Italy’s new renewable tax to create uncertainty for developers – lobby
LONDON (ICIS)--A measure approved in Italy last week to tax renewable generation to raise funds for slashing energy bills would hinder developers’ appetite to build new capacity and ultimately harm...
General Motors, South Korea’s LG to build $2.6bn EV battery cell plant in Michigan
HOUSTON (ICIS)--General Motors' (GM) batteries joint venture with South Korea’s LG Energy Solution, Ultium Cells, will invest $2.6bn in a new battery cell manufacturing plant in Lansing, Michigan,...