Industry News
Chemical Industry News
Brazil’s Congress approves $2-billion subsidy program to boost fertilizer production
SAO PAULO (ICIS)--Brazil's Congress has approved a bill granting up to Brazilian reais (R) 10 billion ($1.93 billion) in subsidies over five years to encourage the construction of new fertilizer...
CRUDE SUMMARY: Brent hits nine-week low as China demand weakens, Iran-Israel agree to a truce
Crude tumbles on optimism for peace deal in coming days Chinese crude demand falls to lowest in eight years US dollar index falls from two-month high but US economy resilient LONDON (ICIS)--Oil...
Oil shipments through Strait of Hormuz to resume in Q3, inventories to fall – EIA STEO
HOUSTON (ICIS)--The US Energy Information Administration (EIA) expects the Strait of Hormuz to remain effectively closed in the near term, with crude oil flows resuming in the third quarter of this...
INSIGHT: Seasonality splits Brazil, Mexico PET bale markets
SAO PAULO (ICIS)--Brazil and Mexico polyethylene terephthalate (PET) bale market values are moving in opposite directions, as weather-driven shifts in consumption patterns and collection rates...
Dow’s Alberta project could beat midcycle returns of 8-10% – CFO
HOUSTON (ICIS)--Dow's Path2Zero polyethylene (PE) project in Alberta province, Canada, could achieve midcycle returns that exceed its forecasts of 8-10%, the company's chief financial officer (CFO)...
US Dow raises Q2 guidance by 10% on strength in PE, PU chems
HOUSTON (ICIS)--Dow raised its Q2 guidance for operating EBITDA by 10% to $2.2 billion because the war in the Middle East has disrupted supplies of polyethylene (PE) and because plant shutdowns have...
Mexico inflation falls to 3.94% in May, returns within Banxico’s target
SAO PAULO (ICIS)--Mexico's annual rate of inflation stood at 3.94% in May, down from 4.45% in April and dropping back within the central bank's target range for the first time since earlier this...
US trade deficit narrows in April, exports rise faster than imports
HOUSTON (ICIS)--The US goods and services trade deficit was $55.9 billion in April, down $0.7 billion or 1.2% from $56.6 billion in March, the US Census Bureau reported on Tuesday. April exports rose...
Ukraine war sanctions straining Russia’s chemistry sector
Domestic producers are adapting to fill gaps in supply chains
Extreme weather likely to increase methane emissions from landfills
Observations and models reveal precipitation and temperature linked to 13% of emissions from these sites
Plant status: China’s Sichuan Yongying restarts BDO plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Sichuan Yongying New Material Location: Nanchong, Sichuan, China Product: 1,4-butanediol (BDO) Capacity (tonnes/year): 180,000 Event start: 26...
Major NE Asian PVC producer lowers July offer to China
SINGAPORE (ICIS)--A major producer of polyvinyl chloride (PVC) in northeast Asia has adjusted its offers for July shipments to China effective 9 June, market sources said. The producer’s offer is...
Plant status: China’s Xinjiang Xinye shuts BDO plants
SINGAPORE (ICIS)--Here is a plant status report: Name: Xinjiang Xinye Energy Chemical Location: Urumqi, Xinjiang, China Product: 1,4-butanediol (BDO) Capacity (tonnes/year): 60,000+70,000 Event...
East China benzene inventories fall on lack of arrivals
SINGAPORE (ICIS)--Benzene inventories at shore tanks along eastern China decreased to 101,500 tonnes on 9 June, according to ICIS data, due to a lack of cargo arrivals. Inventories at local ports...
China’s April EPDM imports slip with slower demand
SINGAPORE (ICIS)--China imported under 15,500 tonnes of ethylene propylene diene-monomer (EPDM) in April, down by more than 32% from March, data from ICIS Supply and Demand Database (SnDD) shows....
Qnami acquired by Quantum Design
Qnami, a Swiss pioneer in diamond-based quantum sensing technologies and a Venture Kick, Venture Leaders Technology, and Top100 Swiss Startup alumnus, has been acquired by Quantum Design International, a global provider of scientific instrumentation and
LiMA Technology at Full Scale Operation: Official Opening of Röhm’s Bay City MMA Plant
Röhm is marking a major milestone at its Bay City, Texas methyl methacrylate (MMA) plant, where the company’s proprietary LiMA technology has been operating at full industrial scale for the first time worldwide. Following start‑up,
TU Graz develops mobile device for the high-precision measurement of air pollutants
The UV dual-comb spectrometer detects harmful gases with unrivalled accuracy and sensitivity. The compact design allows mobile use for monitoring air quality with a range of several kilometres. Birgitta Schultze-Bernhardt and her team at the
Firm feedstocks, operation cuts buoy Asia polyester despite slowing demand
SINGAPORE (ICIS)--Firm feedstocks and reduced operations have buoyed Asia polyester market, although slowing demand has dampened buying activities. Spot discussions for polyester staple fiber (PSF)...
China’s Huafeng Huajin plans bio-based EG plant in Fujian
SINGAPORE (ICIS)--China’s Huafeng Huajin is planning to establish a 150,000 tonne/year bio-based ethylene glycol (EG) project at Putian in Fujian province, a source close to the company said....