Industry News
Chemical Industry News
Indorama Ventures US PET site in North Carolina named in water contamination litigation
HOUSTON (ICIS) – Indorama Ventures US polyethylene terephthalate (PET) site in Asheboro, North Carolina was named in a water contamination litigation stating the StarPET site releases 1, 4-dioxane...
Closure of UK Lindsey Oil Refinery could weigh on Europe chems production
LONDON (ICIS)--The closure of the Prax Group Lindsey Oil Refinery could have a detrimental effect on European chemicals output. The refinery is due to shut as the parent company Prax went into...
LNG MARKET REPORT: Asia’s price premium grows on temporary summer demand
OUTLOOK LNG arrivals in Europe should be plentiful in August, and lots of cargoes should come in September, due to demand from the continent for injection and Norway's pipe gas maintenance, but it is...
Europe melamine spot prices stable to soft on continued weak demand
LONDON (ICIS)--European melamine spot prices were stable to soft this week, according to sources. Prices were assessed at a decrease of €10/tonne on the low end and stable at the high enfd,...
US plastic resins importers agree to pay $6.8 million relating to unpaid customs duties
HOUSTON (ICIS) – Global Plastics LLC (Global Plastics) and Marco Polo International LLC (Marco Polo), both subsidiaries of MGI International, have agreed to pay $6.8 million to resolve their civil...
SHIPPING: US-Japan trade deal could see Japanese investments in American shipyards
HOUSTON (ICIS)--Japan pledged to invest $550 billion in the US to expand core American industries, including shipbuilding, according to a factsheet from the White House announcing a trade deal...
Croatia’s Petrokemija to pursue AN and other investments worth up to €78m
LONDON (ICIS)--Croatian mineral fertilizer producer Petrokemija is to invest €28m ($32.9m) in capacities this year, including €14m in the renovation and modernisation of its ammonium nitrate (AN)...
EC proposes five-fold increase in CEF Energy budget
LONDON (ICIS)--On 17 July, the European Commission proposed a significant expansion of the Connecting Europe Facility (CEF) as part of its draft Multi-annual Financial Framework for 2028–2034,...
UK government increases offshore wind strike price by 11% for upcoming CfD auction
UK government releases administrative strike prices for Allocation Round 7 of the Contracts for Difference scheme on 23 July Offshore wind strike price increases 11% from previous auction round The...
Brazil’s June base oils supply stays high
SINGAPORE (ICIS)--Brazil’s base oils supply stayed higher than usual in June for a third month even as the country’s demand extended its fall. The diverging trends left supply outpacing demand...
Global premium-grade base oil imports from Middle East fall in May
SINGAPORE (ICIS)--The delivery of premium-grade base oils from the Middle East to key global outlets fell to a three-month low in May amid a slump in shipments from the UAE and Bahrain. The US,...
ICIS Analyst View: Q2 2025 LNG Trade Flow Report
Strong LNG imports support Europe's storage injections Rapid Plaquemines LNG start is sign of more LNG to come China's LNG demand remained weaker compared to 2024 SUMMARY LONDON (ICIS)--The LNG...
Argentina’s macro indicators keep improving but currency pressures mount ahead of elections
MADRID (ICIS)--Argentina's economic indicators are showing mixed signals ahead of a mid-term election in which President Javier Milei puts many hopes to increase his party’s presence in parliament....
Germany’s gas system comfortable entering Q3, but faces risks from growing Asian demand, Norwegian maintenance plans
Germany’s gas supply rose 30% YoY in June from 6.2bcm to 8bcm Pipeline supply made up 92% of total imports so far in 2025, while LNG held an 8% share, echoing last year’s split Rising
UK hydrogen update – new strategy in autumn, HAR2 projects announced in early 2026
LONDON (ICIS)--On 23 July, the UK government announced that it will unveil a “revamped” UK hydrogen strategy in autumn, which will be “evidence-led, impact-focused, and designed to fast-track...
HYDROGEN INSIGHT: Platform update
LONDON (ICIS)--On 24 July 2025, ICIS added a new section to the Hydrogen Insight platform dedicated to summarising the Hydrogen and Decarbonised Gas Markets Packages, both the Directive and...
Britain’s largest storage facility to produce cushion gas this winter ahead of potential closure
Centrica plans to produce Rough’s cushion gas to offset losses at facility Tight seasonal spreads driving operating losses Management says facility may close after Winter ’25 LONDON...
National Science Foundation employees’ dissent declaration aired by House science committee
Letter warns that Trump administration actions represent a ‘systemic dismantling’ of the agency
Al-Biruni’s pyknometer
Accuracy transmitted through the ages
Springer Nature launches new AI tool to spot awkward, tortured phrases
This latest machine learning tool follows ones created earlier this year to detect AI-generated text and flag duplicate or manipulated images