Industry News
Chemical Industry News
Solvay inaugurates Europe’s first bio-circular silica facility in Italy
Solvay inaugurated its new bio-circular silica facility at its plant in Livorno, Italy, marking a major milestone in Europe’s industrial transformation toward sustainability. This investment positions Solvay as a proactive partner in achieving the European
Sartorius achieves considerable profitable growth in 2025 and maintains positive outlook
According to preliminary figures, the life science group Sartorius continues its profitable growth path, closing fiscal year 2025 with a considerable increase in sales revenue and earnings as expected. Management forecasts further growth and continued
Mitsubishi Chemical to exit coke and carbon materials business
LONDON (ICIS)--Mitsubishi Chemical Group (MCG) has decided to withdraw from the coke and carbon materials (needle coke, pitch coke) business because of oversupply and weak demand, affecting about 600...
CDI US January ethylene contract prices finalized
HOUSTON (ICIS)--Contract prices for US ethylene have been finalized for January 2026. The contract price settled at 30.25 cents/lb, down 0.75 cents/lb from...
British front-month gas and power prices to remain sensitive to weather revisions despite SSW de-risk
By Anna Coulson and Harvey Bassett Risk of SSW and zonal wind reversal in February reduced from 80% to 40% - MetDesk Weather risk remains as market looks to fundamentals for price direction after 2...
Fire at Source One Plastics’ 70,000 tonne/year sorting and recycling center
LONDON (ICIS)--A fire broke out at Source One Plastics’ sorting and recycling facility in Ecklingen, Germany, on 27 January, LyondellBasell have confirmed on Tuesday. “The fire...
Canada manufacturing expands in January, following 11 declines
TORONTO (ICIS)--Canadian manufacturing activity expanded in January, following 11 consecutive months of decline, according to S&P Global’s latest purchasing managers’ index (PMI) survey....
Netherlands to fully empty Norg and Grijpskerk gas storage by April 2026
Gasterra is set to empty Norg and Grijpskerk by April 2026 as part of its phaseout and handover to NAM Government acknowledges supply risks and reiterates plans to expand EBN’s filling mandate from...
Plant status: Cross Oil plans naphthenic base oils plant maintenance in late February
LONDON (ICIS)--Here is a plant status report: Name: Cross Oil & Refining Location: Smackover, Arkansas, US Product: Naphthenic base oils Capacity (bbl/day): 5,000 (267,000 tonnes/year) Event...
Plunging TTF prices lead Winter ’26 to return to a premium to Summer ’26
By Ethan Tillcock and Brendan A'Hearn TTF Winter ’26 premium to Summer ’26 returned amid market selloff Traders split on if Summer ’26 discount can hold / widen Inversion risk remains as...
US Valtris sells French renewable business
HOUSTON (ICIS)--US-based Valtris Specialty Chemicals has sold its Champlor Renewables business at Baleycourt, Verdun, in northeast France, to French agri-food group Avril Industrie for an undisclosed...
Dramatic reductions proposed for US science agencies by Trump administration evaporate
Final 2026 budget figures, passed by Congress and signed into law, reject significant cuts that the White House had proposed
Europe styrene spot market extends rally as multiple issues add support
LONDON (ICIS)--Europe styrene spot activity was fairly modest in the week ended 30 January, ahead of monthly contract settlements and as the focus on the current month switched to February. Market...
Italian Energy Release 2.0 scheme assigns 94% of available electricity volumes – GSE
94% of electricity volumes available assigned by Italian Energy Release mechanism Energy‑intensive consumers will receive electricity at a discounted price of €65/MWh, in exchange for committing...
Plant status: SABIC plans maintenance at MTBE unit in Beek from mid-March
LONDON (ICIS)--Here is a plant status report: Name: SABIC Europe Location: Beek, Netherlands Products: methyl tertiary butyl ether (MTBE) Capacity (tonnes/year): 150,000 tonnes/year Event start:...
Brazil’s Finance Ministry says tax reform will not raise recycling sector burden
SAO PAULO (ICIS)--Brazil’s Ministry of Finance has rejected claims that the country’s tax reform will increase the tax burden on the recycling chain, although it did not provide estimates of...
MOVES: INVISTA appoints new CEO
HOUSTON (ICIS)--INVISTA has appointed Nancy Kowalski as its new president and CEO, effective 1 March. Kowalski was until recently executive vice president for INVISTA’s global nylon business In her...
NBP March ’26 discount to TTF likely to drive exports to continent
British gas hub's discount to Europe to drive exports Net flows in March had been limited last two years Downward temperature revision could see spread narrow rapidly LONDON (ICIS)--A widening NBP...
Eni and Q8 Italy to build a biorefinery at Priolo, Sicily
LONDON (ICIS)--Eni and Kuwait Petroleum Corp's Q8 Italy affiliate plan to build a 500,000 tonne/year biorefinery at Priolo, near Syracuse, Sicily, Eni said on Tuesday. The biorefinery will be able to...
US Enterprise Products’ Q4 profit, op margins rise on strong volumes
US Enterprise Products’ Q4 profit, op margin rise on strong volumes HOUSTON (ICIS)--Enterprise Products’ Q4 net income and operating income rose year on year as strong volume growth drove...