Industry News
Chemical Industry News
KN Energies allocates majority of Lithuanian Klaipeda LNG terminal capacity through 2044
Finland’s Gasum, Ukraine’s Naftogaz book first time long-term terminal capacity Terminal capacity to reach 75% utilization rate Remaining capacity to be reoffered through long-term or annual...
Indonesia sets GDP growth targets of 5.6% for 2026, 6.5% for 2027
SINGAPORE (ICIS)--Indonesia has set a target to reach 5.4-5.6% GDP growth in 2026, before accelerating to 5.8-6.5% in 2027 through aggressive state spending. Government targets state revenue at...
Asia BD sentiment down with tumbling domestic China prices
SINGAPORE (ICIS)--As losses pile up in the yuan-denominated butadiene (BD) market in China, sentiment for Asia’s BD imports are turning more distinctly bearish. “End-users in wider Asia are...
Plant status: China’s Nanjing Chengzhi No 1 MTO plant under maintenance
SINGAPORE (ICIS)--Here is a plant status report: Name: Nanjing Chengzhi Clean Energy Location: Nanjing, Jiangsu, China Product: Methanol-to-olefin (MTO) Capacity (tonnes/year): 135,000 ethylene +...
Japan chems May PPI surges 13.4% on year; wholesale inflation up 6.3%
SINGAPORE (ICIS)--Japan’s producer price index (PPI) for chemicals and related products surged 13.4% year on year in May, central bank data showed on 10 June. The May PPI figure accelerated from...
East China’s SM inventory increase 5.7% on week
SINGAPORE (ICIS)--Styrene monomer (SM) inventory level in east China increased by 5.7% week on week, ICIS data showed on Wednesday. The total stock was at 96,800 tonnes, increasing by 5,200 tonnes...
PFAS detection in minutes rather than weeks: deep-tech start-up Grapheal secures €2.5 million in EU funding
Grapheal, a deep-tech startup developing specialized biosensors, announces the award of a €2.5 million ($2.9M) grant in the latest round of the European Innovation Council (EIC) Accelerator program. This grant will support the development of
Faster and more energy-efficient: Catalysts boost hydrogen-based steel production
Steel and metal production are among the largest contributors to global greenhouse gas emissions, accounting for approximately 10% of global CO2 emissions. At the same time, modern technology fully relies on having tailored steels and
Baden-Württemberg has potential for its own sustainable fuel production
How can Baden-Württemberg reduce greenhouse gases in the transport sector and produce sustainable fuels itself? The "E-Fuels fürs LÄND" project, coordinated by the Fraunhofer Institute for Solar Energy Systems ISE, investigated the production of e-fuels
Major Northeast Asian PVC producer slashes July India offer
MUMBAI (ICIS)--A major northeast Asian producer has reduced its July 2026 polyvinyl chloride (PVC) offer to India by $115/tonne from its June offer amid continued weakness in the Indian market. The...
China’s Guangxi Huayi gets on-spec products from new VAM plant
SINGAPORE (ICIS)--China’s Guangxi Huayi has successfully commissioned its new 300,000 tonne/year vinyl acetate monomer (VAM) plant and achieved on-spec products on 8 June, a source close to the...
China May factory inflation jumps, PPI nearly 4-year high at 3.9%
SINGAPORE (ICIS)--China sees faster wholesale inflation in May, with producer price index (PPI) accelerating to 3.9% year-on-year in the month, the highest since July 2022, data from the official...
INSIGHT: Rebalancing Asia’s styrenics value chain
SINGAPORE (ICIS)--Margins across the styrenic polymer value chain remain under considerable pressure, reflecting a combination of structural oversupply and heightened external demand uncertainty. The...
South Korea LNG demand may rise in peak summer as coal headroom narrows
Coal economics cap June gas burn Nuclear delays, heat may lift July-August LNG demand Inventories curb near-term spot buying pressure SINGAPORE (ICIS)--South Korea’s LNG demand is likely to stay...
S Korea MX export prices decline amid weaker offers for July cargoes
SINGAPORE (ICIS)--Spot export prices for South Korea-origin isomer-grade mixed xylenes (MX) moved lower on 9 June, pressured by falling offers during the trading session. Lower prices in the Chinese...
Oil gains as US strikes Iran over downed helicopter
SINGAPORE (ICIS)--Oil prices increased in early trade on Wednesday on fresh US military strikes against Iran following downing of a US attack helicopter in the Strait of Hormuz. Brent crude may...
Plant status: Toray Plastics Malaysia runs ABS production at 65%
SINGAPORE (ICIS)--Here is a plant status report: Name: Toray Plastics Malaysia Location: Penang, Malaysia Products: Acrylonitrile butadiene styrene (ABS) Capacity (tonnes/year): 425,000 Event start:...
China’s May phenol, acetone combined output falls 9.3% month on month
SINGAPORE (ICIS)--China’s combined output of phenol and acetone was down by 9.3% month on month to 653,500 tonnes in May 2026, according to ICIS data. A total of 404,900 tonnes of phenol and...
Mini labs for lightning-fast food inspections
Rancid nuts in chocolate, undetected mold in production: quality defects are an enormous risk for food manufacturers - from expensive recalls to loss of image. Current testing methods are often slow and expensive. The SENT-GC-MOS
NYMEX: US natural gas futures edge lower on competing fundamentals
Front-month US natural gas futures decreased on 9 June as the temperature cooled down, LNG feedgas demand gained and production stood strong The July 2026 Henry Hub contract on NYMEX settled at...