Industry News
Chemical Industry News
CDI US June styrene prices finalized
HOUSTON (ICIS)--Prices for US styrene have been finalized for June 2025. Large buyer contract prices settled at 53.50 cents/lb. Blended prices settled at 46.80...
Another Rehden gas storage auction fails to attract bids amid weak German THE spread incentives
SEFE failed to allocate capacity again for Rehden 2025/26 storage year in 26 June auction Traders see little incentive to inject citing eroded value and risks Market participants still suggest...
BASF bases electronic materials business unit in Taiwan
LONDON (ICIS)--BASF’s global Electronic Materials business unit operations will be based in Taipei, Taiwan, effective 1 July, the international chemicals major said on Tuesday. With the move, BASF...
Cash-strapped Turkish converters set to confront July increase proposals with deafening silence
LONDON (ICIS)--Converters in Turkey are poised to keep the arm wrestle with suppliers going for as long as possible, as cashflow pressures mount amid a strict regime of high interest rates and...
‘Microlightning’ released by peeling tape can drive chemical reactions
Intense localised electric fields can break bonds
Bacterium engineered to produce paracetamol from plastic bottle waste
Research demonstrates new ways to remediate plastic and upcycle chemicals derived from waste
BASF completes two deals
LONDON (ICIS)--BASF on Tuesday announced the completion of two previously reported deals: The company finalized the purchase of DOMO Chemicals’ 49% share in the Alsachimie joint venture, making it...
Global oil demand to plateau by 2030 on EVs, but petrochemicals growth relentless – IEA
SAO PAULO (ICIS)--Between now and the end of this decade, the global oil market will undergo its most dramatic change yet with demand forecast to fall on transport electrification and supply expected...
MOVES: Ingevity appoints interim leader for Performance Materials business
HOUSTON (ICIS)--Ingevity has appointed Andrew Fox as interim leader of its Performance Materials segment, effective 1 July, the US-based company said on Tuesday. Fox, who is the segment's vice...
German chemical business climate improves on planned cut in electricity tax
LONDON (ICIS)--Sentiment in Germany’s chemical industry “improved considerably” in June, Munich-based research group ifo reported on Tuesday. The ifo index for the industry rose by 7.3 points...
INSIGHT: Crude prices return to earth as Iran fears cool
LONDON (ICIS)--Crude pricing has shifted back to its former footing after surging costs in a week of Middle East political unrest led some analysts to predict the return of triple-digit dollar...
Letters: July 2025
Readers ponder polymorphs, period products, PFAS and more
Merck Honors Alán Aspuru-Guzik with the Heinrich Emanuel Merck Award for Computational Sciences
Merck announced that the Heinrich Emanuel Merck Award has been bestowed upon Alán Aspuru-Guzik (48), professor of chemistry and computer science at the University of Toronto, Canada, in recognition of his groundbreaking innovations in computational
Edible algae-based cups, designed to reduce plastic waste at sporting events
More energy for athletes, less plastic waste in the environment – that is the goal of Maximilian Schmidt and Nico Wittmann, students at the Freie Josef-Schwarz-Schule in Heilbronn. With their business idea “AlgaSprint,” the two
Multi-million investment to drive the de-fossilization of the chemical industry
XiMo, a wholly owned subsidiary of Verbio SE, held a groundbreaking ceremony to mark the start of construction of the new production facility for the large-scale industrial production of metathesis catalysts in Gödöllő, Hungary. Starting
Pushing the resolution limits of scattering near-field optical microscopy
Researchers have developed a new microscope that can visualize the optical response of surfaces at an unprecedented spatial resolution of one nanometer. This paves the way for optical microscopy of atomic-scale structures, such as single
Braskem, LyondellBasell separately seek July price increase on US PP
HOUSTON (ICIS)--Braskem America has announced a price increase of 2 cents/lb ($44/tonne) for all polypropylene (PP) products in addition to any change in polymer grade propylene (PGP) prices as of 1...
CRUDE SUMMARY: Crude benchmarks steady as Middle East tensions remain stable
Crude risk premium eases, providing relief to prices Investors await OPEC+ meeting on 6 July Chinese PMI data shows third consecutive month of contraction August Brent contract expires Monday,...
US July methanol contract prices rise slightly
HOUSTON (ICIS)--US July methanol contract prices rose slightly from the prior month, as spot prices stabilized then rose during June. The increase halts a three-month downtrend for US methanol...
US chem firm warns of unprecedented destocking in comments to Fed
HOUSTON (ICIS)--An unnamed chemical company warned of unprecedented destocking in comments to one of the Federal Reserve's regional banks, according to a survey published on Monday. The Federal...