Industry News
Chemical Industry News
Bullish outlook for northwest Europe tightens THE, TTF spreads to other hubs
Additional reporting by Eduardo Escajadillo, Marko Tymoshchuk and Martina Losi Bullish NW Europe weather forecasts weigh on THE and TTF discounts to other hubs German and Dutch storage concerns...
Carlyle agrees to purchase Lukoil’s international assets
LONDON (ICIS)--Carlyle has agreed to purchase the bulk of international assets owned by Russia-based oil major Lukoil, after the US Treasury said last year it would oppose an attempt by Gunvor to...
Azoty says Orlen seeks immediate repayment of $29 million loan
LONDON (ICIS)—Grupa Azoty said late on Wednesday that its subsidiary Grupa Azoty Polyolefins (GAP) has received a formal demand from fellow Polish state-owned company Orlen for the immediate...
Germany’s decision to delay offshore wind auction to 2027, allows time for potential CfD reform, but adds uncertainty
German Federal cabinet has postponed its 2.5GW offshore wind tenders from June 2026 to 2027 BWO welcomed the move, but, continues to stress need for urgent action on CfD-based reform This is likely...
INSIGHT: Europe distributors contend with margin pressure as uncertainty bites
LONDON (ICIS)--The European chemicals distribution sector has proven resilient through the difficult last few years, but earnings and margins have come under pressure as competition remains high and...
US November durable goods orders up 5.3%, core orders up 0.4%
HOUSTON (ICIS)--New orders for US-manufactured durable goods rose 5.3% month on month to $323.8 billion in November, following a 2.1% October decrease, according to delayed US Census Bureau data on...
Dow integrated PE margins to improve in Q1 with $150 million EBITDA tailwind – CEO
NEW YORK (ICIS)--Dow should see improved polyethylene (PE) margins in Q1 2026 versus Q4 2025, leading to around a $150 million tailwind for earnings before interest, tax, depreciation and...
CORRECTED GAS ALERT: Deutsche ReGas to offer additional 2bcm regasification capacity at Mukran
CORRECTION: The alert below has been updated to clarify that the offer of 2 bcm/year represents only a portion of the company’s broader plan to expand total site capacity to 13.5 bcm/year....
RWE’s 400MW/800MWh BESS German project started construction, likely to ease negative power prices from 2028
RWE’s 400MW/800MWh BESS project has begun construction in Germany Growth in BESS will likely dampen the number of negative prices during hours when renewable output is high and demand is low The...
US natural gas futures surge on Winter Storm Fern
Henry Hub futures soar this week on US Winter Storm Fern Early February forecasts indicated below normal temperatures for the eastern half of the US Storage data shows inventories decreased to 5.3%...
Multiple purchase tenders put Q1 sulphuric acid availability to the test
LONDON (ICIS)--A flurry of purchase tenders are set to put Q1’s sulphuric acid availability under pressure. Tenders issued by buyers in Saudi Arabia, Indonesia and India totalling a potential...
LNG Weekly Market Report: TTF maintains big premium over Asia, as front-month Henry Hub contract rolls
OUTLOOK The market will closely follow the weather after US Winter Storm Fern drove Henry Hub prices Traders are monitoring US Golden Pass LNG for start up indications, as first production was...
Europe PO demand expected to hold steady
LONDON (ICIS)--Demand for propylene oxide (PO) in Europe was mainly stable in January, with similar conditions expected to continue next month. Foam imports pressure European comfort sector New car...
Brazil steps up circular‑economy push with new consultations, public investments
SAO PAULO (ICIS)--Brazil’s federal government continues to strengthen its circular‑economy framework following the October plastics reverse logistics decree, with new rulemaking processes and...
Tight supply prompts acetone price surge in Europe, but structural oversupply remains for phenol/acetone
LONDON (ICIS)--2026 has started with a bang for the European acetone market, with the DOMO insolvency news kick-starting sales amid concerns of a tighter market. Meanwhile, broader changes are...
US November trade deficit jumps up as imports rise, exports fall
HOUSTON (ICIS)--After shrinking in October, the US goods and services deficit rose 94.6% month on month to $56.8 billion in November, the US Census Bureau reported on Thursday. Imports rose 5.0% to...
Indonesia’s Pupuk awards max-150,000 tonne potash import tender
LONDON (ICIS)--Indonesian holding group Pupuk has awarded a purchase tender that first closed 8 January for approximately 145,000-150,000 tonnes of muriate of potash (MOP) fertilizer: Delivery month...
Dow greenlights Path2Zero cracker project after delay, Phase 1 start-up for end-2029
NEW YORK (ICIS)--Dow will proceed with its Path2Zero integrated cracker and polyethylene (PE) project in Fort Saskatchewan, Alberta, Canada after a delay, pushing back the Phase 1 start-up by two...
European jet finds floor as upstream strength offsets seasonal demand lull
LONDON (ICIS)--European jet fuel markets have undergone a sharp correction as the industry moves into the seasonal aviation slowdown, although values are beginning to stabilize on the back of firm...
In 2023, the UK was the first country to approve a Crispr therapy. How’s it doing?
Disconnect exists between the media hype around gene-editing treatment and the reality for patients