Industry News
Chemical Industry News
Venture Global’s arbitration loss to BP exposes exporter to $1B-plus in damages
Arbitration tribunal sides with BP over Venture Global Decision highlights VG's risks with several pending arbitration decisions BP's damages hearing likely to occur in 2026 HOUSTON (ICIS)--Venture...
Mideast base oils Group III 4cSt ex tank UAE talks up on limited supply
DUBAI (ICIS)--Group III 4cSt ex tank United Arab Emirates (UAE) spot discussions for the week ending 17 October have been heard at higher levels so far amid snug supply. Offers at $1,095/tonne...
Dutch Nouryon completes metal alkyls capacity expansion in China
SINGAPORE (ICIS)--Nouryon has completed a capacity expansion for metal alkyls production at its facility in the eastern Chinese city of Jiaxing, doubling its production capacity of co-catalyst...
INSIGHT: Risk aversion deepens as Asia’s chemical market weakens in Oct
SINGAPORE (ICIS)--Asia’s chemical markets are experiencing increased risk aversion as the fourth quarter unfolds, with sentiment and prices weighed down by intensifying trade tensions, slowing...
Plant status: Taiwan’s Taita Chemical runs ABS unit at 60%
SINGAPORE (ICIS)--Here is a plant status report: Name: Taita Chemical Location: Kaohsiung, Taiwan Product: Acrylonitrile butadiene styrene (ABS) Capacity (tonnes/year): 100,000 Event start:...
Plant status: Malaysia’s Lotte Chemical Titan shuts BTX on technical issues
SINGAPORE (ICIS)--Here is a plant status report: Name: Lotte Chemical Titan Location: Pasir Gudang, Malaysia Product: Benzene, toluene, xylenes (BTX) Capacity (tonnes/year): 157,000 (benzene);...
Malaysia’s Lotte Chemical Titan starts commercial ops at Indonesia LINE project
SINGAPORE (ICIS)--Lotte Chemical Titan (LCT) on 15 October commenced commercial operations at its $3.95-billion Lotte Chemical Indonesia New Ethylene (LINE) project at Merak, Cilegon, the...
Plant status: S Korea Hyundai Chem’s cracker overhaul begins
XI’AN (ICIS)--Here is a plant status report: Name: HD Hyundai Chemical (HDC) Location: Daesan, South Korea Product: Ethylene, Propylene Capacity (tonnes/year): 850,000 (ethylene), 500,000...
Laboratory innovations and expert knowledge at analytica 2026
From March 24 to 27, 2026, analytica will once again be the meeting place for the international laboratory world at the Munich exhibition center. The world’s leading trade fair for Laboratory Technology, Analysis and Biotechnology
NYMEX: US gas futures edge lower in anticipation of this week’s storage report release
Front-month US natural gas futures edged lower on 15 October, despite strong US LNG feedgas nominations The November Henry Hub contract on NYMEX settled at $3.016/MMBtu, down nearly 0.4% from the...
CRUDE SUMMARY: Benchmark crude prices face bearish pressure as supply and demand outlook weakens
ICIS forecasts 2025 supply glut to weigh on crude benchmarks US EIA inventory data delayed one day due to US federal holiday, due 16 October US-China trade ties come under threat LONDON (ICIS)--Crude...
Canada manufacturing sales fall in August, chemical sales rise 3.4%
TORONTO (ICIS)--Canada’s manufacturing sales fell 1.0% month on month to Canadian dollars (C$) 69.4 billion ($49.6 billion) in August, following a 2.5% July increase, according to data by federal...
How the pioneers of metal-organic frameworks won the Nobel prize
From wooden models to thousands and thousands of structures, Julia Robinson tells the story of how Richard Robson, Susumu Kitagawa and Omar Yaghi won the 2025 Nobel prize in chemistry
Nasa’s Jet Propulsion Lab and home of Mars rovers loses 10% of its staff
The dismissal of 550 JPL workers is the fourth round of recent layoffs at the lab, prompting fears of a brain drain
‘Making MOFs is the most fun I have ever had in the lab’
A personal connection to the 2025 Nobel prize in chemistry
At least 16 dead in factory and chemical warehouse fire in Bangladesh
Smoke and gas from chemical fire trapped and killed factory workers
Food and us: the incredible story of how food shapes humanity
Join us on 9 December to learn about the intricate interplay between our genetic and physical makeup and the food we eat
The chemistry community should ban drawing chemical structures with generative AI, chemists warn
AIs like Microsoft’s Copilot, Google’s Gemini and OpenAI’s ChatGPT still make serious errors rendering structural formulae
Saudi Arabia’s Petro Rabigh approves fuel oil upgrade project execution
SINGAPORE (ICIS)--Saudi Arabia's Rabigh Refining and Petrochemical Co (Petro Rabigh) on Wednesday said that it is moving ahead with its fuel oil upgrade project, just days after Saudi Aramco...
India, Saudi Arabia hold bilateral talks to boost petrochemical cooperation
SINGAPORE (ICIS)--India and Saudi Arabia held a bilateral meeting this week to solidify plans for stronger investment and collaboration within their respective petrochemical sectors. The dialogue...