Industry News
Chemical Industry News
The ICIS LNG Year in Review, 2025
LONDON (ICIS)--2025 was marked by a record number of final investment decisions (FIDs) on US LNG projects as outright US LNG production hit new record levels. The EU moved forward timelines to end...
GPCA ’25: Indorama CEO urges co-ordinated state-private action to tackle petrochemical overcapacity
MANAMA, Bahrain (ICIS)--Governments and the private sector must collaborate on rationalizing petrochemical capacity to resolve global oversupply, as unchecked expansions driven by sovereign...
Plant status: Thailand’s Continental to restart plasticizers unit H2 Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: Continental Chemical Corp Location: Samut Prakan, Thailand Product: Plasticisers Capacity (tonnes/year): 35,000 Event start: 5 December 2025...
GAS ALERT: Italy’s Snam is taking a 48.2% stake in OLT Offshore LNG Toscana
LONDON (ICIS)--Italian energy infrastructure company Snam is buying a 48.2% stake in Italian company OLT Offshore LNG Toscana, which operates the FSRU offshore Livorno, according to a release. Snam...
Nutrien completes sale of 50% stake in Argentina’s Profertil for $600 million
LONDON (ICIS)--Nutrien has completed the sale of its 50% equity stake in Argentina-based nitrogen producer Profertil to Adecoagro through a joint acquisition, it said on Thursday. Total proceeds from...
WEEKLY CRUDE OUTLOOK: Russia-Ukraine peace deal progress to lead market sentiment
LONDON (ICIS)--Despite a sentiment-boosting US interest rate cut, any upside in the oil price remains counterbalanced by hopes that a Ukraine-Russia ceasefire could release additional Russian barrels...
Asia MEG prices lowest since pandemic as weak fundamentals sustain
SINGAPORE (ICIS)--Asia spot monoethyle glycol (MEG) prices have plummeted to the lowest level since the pandemic as the weak market fundamentals continue to slam discussions. Spot discussions fell to...
Europe December MDI contract price assessments vary on spec
LONDON (ICIS)--Methylene diphenyl diisocyanate (MDI) contract prices in Europe for December were assessed this week with rollovers to increases for polymeric MDI and pure MDI at rollovers. Polymeric...
Inorganic homologous series forms solids with predictable structures
Newly uncovered structure–composition relationship could help to improve AI’s ability to predict new inorganic materials
A unifying force for African medicines
The new African Medicines Agency is hugely important but faces significant challenges
Europe December TDI contract price assessments at decreases
LONDON (ICIS)--Toluene diisocyanate (TDI) contract prices in Europe for December were assessed this week at decreases from the previous month. Final December prices were assessed at decreases which...
Europe December polyols contract price assessments at rollovers
LONDON (ICIS)--Slabstock conventional flexible polyether polyols contract prices in Europe for December were assessed this week at rollovers. Prices for December were assessed in line with feedback...
East China xylene port inventories down on no cargo arrivals
SINGAPORE (ICIS)--Xylene inventories at east China ports decreased to 41,800 tonnes in the reporting period ended 11 December due to no arrivals, according to ICIS data. The inventories were down by...
East China toluene port inventories higher on more arrivals
SINGAPORE (ICIS)--Toluene inventories at east China ports increased to 50,700 tonnes in the reporting period ended 11 December on more arrivals, according to ICIS data. The inventory was up by around...
ICIS TTF Early Day assessments: 11 December 2025
- The wide ICIS TTF discount to the East Asia Index (EAX) increases the chance of US LNG swinging to Asia, despite Europe currently receiving record-breaking US volumes, as continued supply growth...
Plant status: China’s Shanxi Lu’an to restart Group III base oils unit in late Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: Shanxi Lu’an Group Location: Changzhi, Shanxi, China Product: Group III coal-based base oils Capacity (tonnes/year): 350,005 Event start: 27...
China Nov vehicles sales rise 3.4% to 3.43 million units amid policy stimulus
SINGAPORE (ICIS)--China’s vehicle sales reached 3.43 million units in November, up by 3.4% year on year and 3.2% month on month, data from China Association of Automobile Manufacturers (CAAM)...
Plant status: India’s TPL plans LAB maintenance and expansion in Mid-Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: Tamilnadu Petroproducts Limited (TPL) Location: Chennai, India Product: Linear alkylbenzene (LAB) Capacity (tonnes/year): 145,000 (to add...
Plant status: China’s Sinopec Shanghai restarts PP Line 3
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinopec Shanghai PC Location: Jinshanwei, China Product: Polypropylene (PP) Capacity (tonnes/year): 200,000 Event start: 21 November Event...
Plant status: Taiwan’s FPCC eyes base oils maintenance in Q4 2026
SINGAPORE (ICIS)--Here is a plant status report: Name: Formosa Petrochemical Corp (FPCC) Location: Mailiao, Taiwan Product: Group II base oils Capacity (tonnes/year): 600,000 Event start: Q4 2026...