Industry News
Chemical Industry News
INSIGHT: Indonesian tariffs leave US oleos few options to avoid higher costs
HOUSTON (ICIS)--The 19% tariffs that the US will impose on Indonesian imports will leave the nation's oleochemical industry with few options to avoid the higher rates, given the island's role as the...
CRUDE SUMMARY: Crude benchmarks choppy on news the EU is preparing retaliatory tariffs
European Commission may target over $80 billion worth of US goods President Trump has threatened 30% tariff on imports from the EU from 1 August Key inventory data showed crude stocks fell by nearly...
Chevron mulls blue hydrogen/ammonia project in Texas
HOUSTON (ICIS)--Chevron has applied for tax incentives for a possible low-carbon hydrogen and ammonia project at Port Arthur, Texas. Projects that produce hydrogen and ammonia with carbon dioxide...
OUTLOOK: US ethylene market set for continued snug inventory, rising cash costs
HOUSTON (ICIS)--Inventory build amid more maintenance, higher production costs, and stable demand are poised to drive the US ethylene market in the second half of this year. Inventory growing but...
Europe fatty acid Q3 contract prices see sharp drop amid softer feedstocks and rising competition
LONDON (ICIS)--European fatty acid contract prices for the third quarter have settled significantly lower, with reductions ranging from double-to-triple digits depending on the grade and starting...
N American chemical rail traffic rises for second week, US up 6.3%
HOUSTON (ICIS)--Following a 0.7% increase last week, North American chemical rail traffic rose 4.2% year on year to 47,680 railcar loadings for the week ended 12 July, according to the latest freight...
Plant status: Covestro declares force majeure on TDI after Dormagen fire
LONDON (ICIS)--Here is a plant status report: Name: Covestro Location: Dormagen, Germany Product: Toluene diisocyanate (TDI) Capacity (tonnes/year): 300,000 Event start: 16 July 2025 Event finish:...
Essent secures €30 million in OWE subsidy from Dutch government
LONDON (ICIS)--On 15 July energy company Essent announced it had secured €30 million in subsidies from the Dutch Ministry of Climate and Green Growth for two renewable hydrogen initiatives. The...
EU’s Russia phaseout untested legal ground, energy commissioner confirms
EU energy commissioner confirms legal basis for Russia phaseout untested Commmission legal services confident force majeure would apply MEPs to next meet on topic in October LONDON (ICIS)—The...
European refinery solvents FD spot prices largely flat, demand falling
LONDON (ICIS)--European refinery solvents free delivered (FD) spot numbers were largely stable this week, with white spirit seeing some slight upward push at the lower end of the range. While...
US manufacturing output up for second month in June
HOUSTON (ICIS)--US manufacturing output rose for a second consecutive month in June, inching up 0.1% month on month from May, according to Federal Reserve data released on Tuesday. The increase...
Plant status: Covestro declares force majeure on polyether polyols after Dormagen fire
LONDON (ICIS)--Here is a plant status report: Name: Covestro Location: Dormagen Product: Polyether polyol products Capacity (tonnes/year): 250,000 Event start: 16 July 2025 Event finish: unknown...
Hot weather lifts prompt Asian LNG demand; strong EU storage injections
Asian heatwave brings gas fundamentals back into focus Spot market shifts toward physical demand as portfolio optimization takes back seat European gas market balanced amid frontloaded injections and...
Stellantis cancels hydrogen fuel cell development
LONDON (ICIS)--On 16 July, automotive manufacturer Stellantis announced the termination of its hydrogen fuel cell technology development program, citing a lack of mid-term market viability and...
European Parliament delays decision on low-carbon hydrogen delegated act by two months
LONDON (ICIS)--On 14 July the European Parliament triggered a two-month extension to the scrutiny period on the delegated act for low-carbon hydrogen. The European Parliament and Council now have a...
US June producer prices flat month on month; up 2.3% year on year
HOUSTON (ICIS)--US producer prices remained unchanged month on month in June, following a 0.3% May gain and a 0.3% April decline, according to data from the Bureau of Labor Statistics (BLS) on...
South Korea’s base oils exports to India climb in June
SINGAPORE (ICIS)--South Korea’s base oils exports to India rose to a ten-month high in June. The shipments provided a valuable outlet for a pick-up in supplies as plant-maintenance work in the...
India’s Group I SN 500 imports fall in June
SINGAPORE (ICIS)--India’s imports of Group I heavy-neutrals fell to an eighteen-month low in June amid a slump in shipments from the Middle East. Total imports of around 5,000 tonnes of Group I...
Europe benzene spot market supported by Mediterranean tightness
LONDON (ICIS)--Europe benzene spot prices gained in the week ended 11 July as tightness in the Mediterranean region helped reduce a supply overhang. The week's gains were also supported by higher...