Industry News
Chemical Industry News
INEOS Rheinberg ECH plant to close on high costs, unfavorable conditions
LONDON (ICIS)-–INEOS’ epichlorohydrin (ECH) production at Rheinberg in Germany is part of the proposed asset closures at the site, due to significant structural cost and market challenges facing...
FBMC WEEKLY: Wind speeds to ramp up from 9 October, pressuring spot power prices
LONDON (ICIS)--Low wind speeds should support power spot prices across the flow-based market coupling (FBMC) region in the first half of week 41, however spot prices are expected to decline from 9...
Ukraine, CEE demand-supply balance stable despite Russian attacks, colder spell
By Aura Sabadus, Tatjana Jovanovic, Marko Tymoshchuk Ukraine, CEE countries face upside risk in February, March if Russian attacks on Ukraine persist No supply imbalances reported for now as regional...
Update: INEOS Inovyn to close chlor-alkali, allylics capacity at Rheinberg, Germany
LONDON (ICIS)--INEOS Inovyn will close chlor-alkali and allylics capacity at Rheinberg, Germany, according to a press release sent 6 October. The press release attributed the closure of two units at...
Americas/EMEA base oils demand outlook: Week of 6 October
SINGAPORE (ICIS)--US base oils demand likely to stay muted. Buyers could cover more of any seasonal pick-up in demand at start of Q4 with unused stocks. Lack of weather-related supply disruptions in...
Hungary’s MVM to receive Engie LNG cargoes at various European terminals
MVM to have flexible delivery options for Engie LNG cargoes The two companies signed an LNG agreement on 2 October Engie to supply 400mcm/year to MVM from 2028 LONDON (ICIS)--Hungary’s MVM...
Europe MTBE prices decline aligning with lower Eurobob gasoline values
LONDON (ICIS)--European methyl tertiary butyl ether (MTBE) average spot prices declined in the week ending 3 October, mirroring the Eurobob gasoline average price, which also fell. The market remains...
Global base oils arbitrage outlook: Week of 6 October
SINGAPORE (ICIS)--Global base oils arb outlook: Week of 6 October. Global Group I brightstock prices stay unusually high relative to other grades. Source: ICIS Brightstock price-strength helps to...
Americas/EMEA base oils supply outlook: Week of 6 October
SINGAPORE (ICIS)--Americas/EMEA base oils supply outlook: Week of 6 October US Group II base oils prices edge up versus vacuum gasoil (VGO) as crude prices correct lower. Firm, rangebound base oils...
Beyond selfies with Nobel laureates
Why young scientists must lead a new era of global collaboration
Medicine Nobel prize recognises discovery of protective ‘security guard’ regulatory T cells
Research explained how body protects itself from the immune system, offering new ways to treat autoimmune disease
BASF begins building huge industrial heat pump for low-carbon steam
When powered by renewable electricity, BASF says system will cut carbon emissions by up to 98%
Asia MEG market likely to stay bearish after China’s holiday
SINGAPORE (ICIS)--The bearish monoethylene glycol (MEG) market in Asia is likely to be sustained after China’s National Day holiday from 1-8 October amid the anemic demand. Most market participants...
Asia PMMA sees sentiment boost, Oct import offers mostly stable
SINGAPORE (ICIS)--Asia polymethyl methacrylate (PMMA) sees healthier sentiment amid recent gains in feedstock methyl methacrylate (MMA), with yuan-denominated PMMA pricing also seeing increase in the...
India Oct domestic LAB offers higher on feedstock costs
SINGAPORE (ICIS)—Producers of linear alkyl benzene (LAB) in India announced higher offers for October domestic cargoes at Indian rupees (Rs) 163-170/kg ex-works, up from Rs162-168/kg ex-works for...
Japan chemical shares up sharply on Sanae Takaichi ruling party election win
SINGAPORE (ICIS)--Shares of petrochemical firms in Japan rose sharply on Monday after Sanae Takaichi was elected to lead the Liberal Democratic Party (LDP) on 4 October, paving the way for her to...
BASF, Porsche, and BEST successfully complete pilot project on chemical recycling
Porsche AG and BASF SE, in collaboration with technology partner BEST - Bioenergy and Sustainable Technologies GmbH, have successfully completed a pilot project on recycling mixed waste from end-of-life vehicles. The pilot project demonstrates the
Tea polyphenol-powered strategy revives retired LiFePO₄ cathodes
Researchers from the Institute of Solid State Physics at the Hefei Institutes of Physical Science, Chinese Academy of Sciences, together with the Shenzhen International Graduate School of Tsinghua University and Suzhou University of Technology, have
The ‘black box’ of precursor chemistry cracked open
A team of scientists led by the Paul Drude Institute for Solid State Electronics (PDI) in Berlin has cracked open the “black box” of precursor chemistry, revealing—for the first time—the hidden reaction pathways of a
US Trinseo to indefinitely suspend its 1 cent/share dividend
HOUSTON (ICIS)--Trinseo will indefinitely suspect its 1 cent/share dividend, which should save it $1.5 million/year, the US-based engineered materials producer said on Friday. The suspension follows...