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Chemical Industry News
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Merck & Co to cut 6000 jobs, Moderna to cut around 500
Both firms aiming to make significant reductions in annual costs by reorganising
More sustainable conductive carbon additives for lithium-ion batteries
Sustainable and high-quality conductive additives for lithium-ion batteries are one of the keys to e-mobility in Europe. In view of the increasing demand for rechargeable batteries due to the transition to electric vehicles and renewable
An intelligent catalyst for sustainable chemistry
A research team at the Politecnico di Milano has developed an innovative single-atom catalyst capable of selectively adapting its chemical activity. This is a crucial step forward in sustainable chemistry and the design of more
AI helps chemists develop tougher plastics
A new strategy for strengthening polymer materials could lead to more durable plastics and cut down on plastic waste, according to researchers at MIT and Duke University. Using machine learning, the researchers identified crosslinker molecules
Bayer posts positive second quarter and progress on strategic priorities
The Bayer Group is on track following an encouraging first half of the year. “We’re beginning an important second half of 2025, which will be marked by further progress on all strategic priorities, continued launches,
US Kronos swings to Q2 net loss on higher costs, lower sales
HOUSTON (ICIS)--US-based pigment producer Kronos Worldwide reported on Wednesday a Q2 net loss because costs rose and sales fell. The following table summarizes the company's Q2 financial results....
US gasoline supplies drop as export volumes rise
HOUSTON (ICIS)--US gasoline supplies declined during the week ended 1 August, due in part to a higher volume of gasoline exports. Gasoline stocks fell week on week, according to the US Energy...
NYMEX: US gas futures climb on strong LNG feedgas demand
Front-month US natural gas futures moved higher on 6 August ahead of the release of weekly US storage data from the Energy Information Administration (EIA) The September Henry Hub contract on NYMEX...
US Trinseo Q2 net loss deepens, expects full-year loss
HOUSTON (ICIS)--US-based engineering materials producer Trinseo reported on Wednesday a larger net loss and expects to report a loss for the full year. Trinseo is expecting no recovery during H2 of...
ExxonMobil producing on-spec base oil at new Singapore plant
HOUSTON (ICIS)--ExxonMobil is producing on-spec base oil at its Singapore Resid Upgrade project, CEO Darren Woods said during the company's Q2 earnings call. The company had targeted the end of 2025...
USTMA July 2025 tire forecast still optimistic
HOUSTON (ICIS)--The July US Tire Manufacturers Association (USTMA) tire shipment forecast for 2025 is still optimistic for a record year, surpassing 2019 by 750,000 units. Replacement truck tires are...
CSU researchers keep forecast of above-average hurricane season, with slight adjustments
HOUSTON (ICIS)--Researchers at Colorado State University’s (CSU) Weather and Climate Research department maintained their prediction of an above-average Atlantic hurricane season as the tropical...
CRUDE SUMMARY: Oil prices slump after US imposes additional tariff on India
Prices crash in afternoon after Trump announces further 25% tariff on India Latest US crude inventory data showed fall in crude stocks Iraqi exports of crude via Ceyhan pipeline could resume...
North America chemical rail traffic rises for fifth week
HOUSTON (ICIS)--North American chemical rail traffic rose 2.7% year on year to 50,060 railcar loadings for the week ended 2 August, marking a fifth consecutive increase, according to the latest...
US to raise tariffs on India to 50% over Russian oil imports
HOUSTON (ICIS)--The US plans to impose an additional tariff of 25% on shipments from Indian in response to that country's imports of Russian crude oil and petroleum products, the government said on...
Plant status: MCM plans Q4 turnaround at US MMA unit
HOUSTON (ICIS)--Here is a plant status report: Name: Mitsubishi Chemical Methacrylates (MCM) Location: Memphis, Tennessee, US Product: Methyl methacrylate (MMA) Capacity (tonnes/year): 155,000 Event...
DuPont and spin-offs settle with New Jersey over PFAS contamination
Proposed deal with the US state includes $875 million in damages, plus clean-up funds
Middle East producers set mixed August posted price adjustments
LONDON (ICIS)--Sulphur producers in the Arab Gulf have separately announced varied price adjustments for August volumes. In the UAE, ADNOC has set the August Official Selling Price (OSP) for sulphur...
Europe DMT July price indicator drops to align with PX and methanol
LONDON (ICIS)--The July contract indicator for Europe dimethyl terephthalate (DMT) decreased, according to ICIS calculations. The assessed July range was, therefore, down by €48/tonne on both ends...