Industry News
Chemical Industry News
Plant status: Chevron Phillips US Port Arthur, Texas, cracker has upset
HOUSTON (ICIS)--Here is a plant status report: Name: Chevron Phillips Chemical Location: Port Arthur, Texas, US Products: Ethylene, propylene Capacity (tonnes/year): 835,000 ethylene, 355,000...
BASF slashes 2025 earnings outlook as US tariffs crimp global GDP growth
LONDON (ICIS)--BASF has cut its 2025 earnings outlook, it said in an update on Friday. Global gross domestic product (GDP) would grow less than previously assumed as the US tariffs resulted in...
CRUDE SUMMARY: Oil prices up as IEA points to strong summer demand, tighter prompt market
IEA July report points to tighter prompt crude market Paris-based agency remains bearish on demand growth in 2025 US set to make announcement on Russia, with potential for more sanctions US onshore...
Germany wholesale prices rise 0.9% year on year in June, chemicals up 1.5%
LONDON (ICIS)--Following a 0.4% May increase, wholesale prices in Germany rose at a 0.9% year on year pace in June, the country’s federal statistics office reported on Friday. Wholesale prices for...
WEEKLY GAS OUTLOOK: Bullish pressure building amid air conditioning demand, economic uncertainty
LONDON (ICIS)--European gas prices could find upward momentum next week as air conditioning demand and geopolitical factors combine to tighten fundamentals. Above-average temperatures are expected...
Plant status: Germany’s Equipolymers PET run rates aligned to market conditions
LONDON (ICIS)--Here is a plant status report: Name: Equipolymers Location: Schkopau, Germany Product: PET Capacity (tonnes/year): 335,000 Event start: Unknown Event finish: Unknown Reason: Commercial...
Plant status: Alpek Polyester UK running PET according to market conditions
LONDON (ICIS)--Here is a plant status report: Name: Alpek Polyester UK Location: Wilton, UK Product: Polyethylene terephthalate (PET) Capacity (tonnes/year): 220,000 Event start: July Event finish:...
ICIS POWER INSIGHT WEEK 28 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key power stories ICIS published in week 28. Heatwaves could drive French power demand and prices...
ICIS GAS INSIGHT WEEK 28 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key gas stories ICIS published in week 28. Gas flows in central Europe may shift amid busy annual...
Plant status: Spain’s Novapet aligns rates with PET market
LONDON (ICIS)--Here is a plant status report: Name: Novapet Location: Barbastro Product: PET Capacity (tonnes/year): 260,000 Event start: July Event finish: Unknown Reason: Commercial Comments:...
Plant status: JBF at reduced rates for PET in Belgium on market conditions
LONDON (ICIS)--Here is a plant status report: Name: JBF-RAK Location: Geel, Belgium Product: PET Capacity (tonnes/year): 432,000 Event start: Unknown Event finish: Unknown Reason: Commercial...
Canada employment rises in June, following four declines
TORONTO (ICIS)--Canada's economy added 83,000 jobs in June, from May, the first increase since January, according to data released on Friday by federal agency Statistics Canada (StatsCan). The bulk...
European acetone spot weaker on low demand, plentiful supply
LONDON (ICIS)--Average European acetone spot free delivered (FD) prices edged down this week as supply outweighed demand on the market. Some sources suggested that recent rumoured exports and lower...
Plant status: Spain’s Plastiverd continues to operate PET at reduced rates to align with market conditions
LONDON (ICIS)--Here is a plant status report: Name: Plastiverd Location: El Prat de Llobregat Product: PET Capacity (tonnes/year): 210,000 Event start: Q2 Event finish: Unknown Reason: Commercial...
Europe July phenol contract up on adder increase, firmer benzene
LONDON (ICIS)--European July phenol contract prices have increased by €41/tonne. This is a result of a €15/tonne increase in the Q3 adder versus Q2 and the €26/tonne rise in the benzene...
Plant status: Europe EG turnaround expected in November at BASF’s Antwerp, Belgium, plant
LONDON (ICIS)--Here is a plant status report: Name: BASF Location: Antwerp, Belgium Product: Ethylene glycol (EG) Capacity (tonnes/year): 325,000 Event start: Late October/early November Event...
Europe July BPA formula contract up for second month on upstream gains
LONDON (ICIS)--Europe bisphenol A (BPA) formula contract prices in July have edged up for the second month in a row, tracking feedstock phenol. The upward move in BPA formula contract prices in July...
ICIS HYDROGEN INSIGHT WEEK 28 NEWS IN BRIEF
LONDON (ICIS)--Please find below a short summary of the key hydrogen stories ICIS published in week 28. Summarized in order of publication. Hydrogen Policy: RED III Transport Obligations, Germany:...
Portugal allocates €70 million to 17 hydrogen and renewable gas projects
LONDON (ICIS)--On 4 June, Portugal’s Ministry of Environment and Energy announced that it had approved €70 million in funding for 17 projects focused on renewable hydrogen and other renewable...
Severity of US threat of 35% tariffs on Canada depends on USMCA exemption
NEW YORK (ICIS)--US President Trump’s threat of imposing 35% tariffs on Canada effective 1 August as outlined in a 10 July letter could have severe consequences, but only if this applies to USMCA...