Industry News
Chemical Industry News
Otto’s ozoniser and the value of nurturing inventors
Marius-Paul Otto (1870–1939) patently used his entrepreneurial spirit to clean up
Global cooperation essential to cut carbon emissions in lithium-ion battery supply chain
Emissions could be cut a third by 2060
Taiwan October propylene contract price down
SINGAPORE (ICIS)--These are the settlements between a key producer and its end-users: Month Contract Prices ($/tonne, DEL) October 2025 Around 780 (provisional) September 2025...
Asia MEG rebound momentum capped by long supply, slowing demand
SINGAPORE (ICIS)--Long spot supply and slowing demand have capped the recent monoethylene glycol (MEG) price rebound in Asia. Crude gains support MEG market Long supply, slowing demand cap price...
ANALYSIS: One year US-China trade truce has limited impact on LNG and shipbuilding
Minimal impact on US-China LNG trade Trump hopes China to purchase US LNG Limited impact on shipbuilding industry SINGPAORE (ICIS)--The LNG market reacted calmly to the October 30 meeting between...
East China DEG inventories rise on low consumption
SINGAPORE (ICIS)--Diethylene glycol (DEG) inventories at Jiangsu in east China increased by around 25% from 24 October, due to soft consumption. The total inventories were 42,400 tonnes on 31...
East China acetone inventories down by 14% to 21,500 tonnes
SINGAPORE (ICIS)--Acetone inventories at Jiangsu ports in east China have decreased to 21,500 tonnes in the week ended 31 October, ICIS data showed on Friday. The inventories were down by 14% from...
China PET export prices up on firm feedstocks, but oversupply may limit gains
SINGAPORE (ICIS)--China’s polyethylene terephthalate (PET) export prices have rebounded on firm upstream feedstock prices and the country’s determination to curb pricing wars in the industry....
Plant status: China’s Fujia Dahua Petrochemical restarts PX plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Fujia Dahua Petrochemical Location: Dalian, Liaoning, China Product: Paraxylene (PX) Capacity (tonnes/year): 700,000 Event start: 16 September...
Plant status: China’s Shandong Lihuayi restarts PDH unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Shandong Lihuayi Group Location: Dongying, Shandong, China Product: Propylene Capacity (tonnes/year): 600,000 Event start: 3 October 2025 Event...
China phenol suffers intensified supply-demand wrestle, weaker cost support
SINGAPORE (ICIS)--China’s phenol market failed to sustain its September bullishness into October, with prices fluctuating downwards amid muted demand and weakening cost-side support. Sluggish...
LNG sentiment still sour amid faltering Chinese demand
China’s demand drag weighs on LNG sentiment Bearish mood prevails at Singapore energy summit Russian gas pipeline deal adds long-term pressure SINGAPORE (ICIS)--The exuberance that swept the...
PetroChina Q3 profits drop 3.9% as weaker prices bite into margins
SINGAPORE (ICIS)--China’s biggest oil and gas producer PetroChina posted a 3.9% year-on-year decrease in net profits in the third quarter, as a general price decline eroded margins. -million yuan...
Austrian OTC gas liquidity trumped by rising exchange trades
OTC liquidity on the Austrian VTP trumped by rising exchange trading in gas year 2024 Regional trading patterns shifted amid cessation of Russian gas via Ukraine Liquidity likely to remain vulnerable...
Plant status: Celanese Singapore restarts VAM unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Celanese Location: Pulau Sakra, Singapore Product: Vinyl acetate monomer (VAM) Capacity (tonnes/year): 210,000 Event start: 20 October Event...
AI models for drug design fail in physics
State-of-the-art AI programs can support the development of drugs by predicting how proteins interact with small molecules. However, researchers at the University of Basel have shown that these programs only memorize patterns, rather than understanding
Patented technology against plastic waste
The Leipzig-based chemistry start-up aevoloop has raised around €3.25 million in a seed investment round. Together with just under €5 million in funding from the EU and the Free State of Saxony, the company can
Illinois researchers convert food waste into jet fuel, boosting circular economy
Airplane travel is more popular than ever, and our desire for fast transportation means jet fuel has become a major contributor to greenhouse gas emissions. Now, researchers at the University of Illinois Urbana-Champaign have discovered
Tightened supply may support Asia polyols, despite feedstock declines
SINGAPORE (ICIS)--Despite recent weakness in feedstock propylene oxide (PO), tightened supply may lend support to polyols prices as regional demand stays largely flat. Buying activity remains flat...
Asia MEK market finds support as China domestic price recovers
SINGAPORE (ICIS)--China’s domestic methyl ethyl ketone (MEK) prices have rebounded as selling pressure on producers eased slightly, recovering from a 2025 low in the previous week stemming from...