Industry News
Chemical Industry News
Canada announces new target for industrial carbon price
TORONTO (ICIS)--Canada’s federal and the Alberta provincial government have agreed to set the industrial carbon emission price target in Alberta at Canadian dollar (C$) 130/tonne ($95/tonne), to be...
Colombia Q1 growth rebounds but strong consumer demand raises rate hike fears
SAO PAULO (ICIS)--Colombia's economy grew 2.2% year on year in Q1 2026, statistics office Dane said on Thursday, a solid result fueled by strong domestic demand which has prompted analysts to...
Niagara Bottling to restart California rPET facility after rPlanet Earth acquisition
HOUSTON (ICIS)--Niagara Bottling has acquired the assets of the former rPlanet Earth recycling plant in Vernon, California, and plans to restart operations as part of a broader push toward vertical...
Europe PET prices reverse as cheaper imports undercut high-cost inventories
LONDON (ICIS)--Polyethylene terephthalate (PET) market conditions have shifted since the Middle East war sent prices surging sharply amid supply disruption fears, tight feedstock availability and...
Europe PET prices under pressure amid weak demand, competitive imports
LONDON (ICIS)--European polyethylene terephthalate (PET) prices remained under downward pressure this week, as attractively priced imports — several hundred euros below domestic offers — enabled...
ICIS POWER INSIGHT WEEK 20 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 20. FBMC WEEKLY: Weak wind and solar power output set to...
Argentina awards June Escobar LNG tender and launches July buy tender
Argentina awarded all nine cargoes in tender for June delivery The average awarded price stood at a $1.70/MMBtu premium to TTF ENARSA issued a new tender seeking 10 LNG cargoes for July delivery,...
Europe methanol spot prices soften as buying appetite wanes
LONDON (ICIS)--European methanol spot prices declined by 4% based on the ICIS mid-point, as buying appetite largely disappeared. No spot transactions were reported in the week ending 15 May, with...
WEEKLY POWER OUTLOOK: High temperatures across most of Europe bearish for power prices in week 21
This article was amended from a previous version to include the correct weather forecast reference period Hot spell in Germany, France to weigh on power prices next week Well-below-average wind...
European spot truck acetone prices decline on low demand, increased supply
LONDON (ICIS)--European acetone spot prices eased again this week on the free delivered (FD) truck market, with supply more than covering demand - especially given the holidays in Europe this week....
Canada March manufacturing sales rise 3.0% from February, chemicals rise 6.3%
TORONTO (ICIS)--Canada’s manufacturing sales rose 3.0% month on month to Canadian dollar (C$) $73.6 billion (US$53.7 billion) in March, following a 3.6% February increase, according to data by...
Ukraine sets out sweeping reforms to align power market with EU rules and boost distributed generation
Ukraine pushes for distributed power generation Regulator also consults on appointment of Nominated Electricity Market Operator PPA rules to allow direct contracts between producers and users LONDON...
Plant status: Vietnam’s Long Son shuts cracker, restart uncertain
SINGAPORE (ICIS)--Here is a plant status report: Name: Long Son Petrochemicals (LSP) Location: Long Son, Vietnam Product: Ethylene, propylene Capacity (tonnes/year): 950,000 (ethylene), 400,000...
US Commonwealth LNG sticks to revised target and reaches FID
After prior delays, Commonwealth advances with more contracted capacity Mercuria increases offtake to 1.5mtpa Project start expected in 2030 HOUSTON (ICIS)--The 9.5mtpa US Commonwealth LNG announced...
Plant status: Japan’s Mitsubishi Chem cracker turnaround ongoing
SINGAPORE (ICIS)--Here is a plant status report: Name: Mitsubishi Chemical Location: Kashima, Ibaraki, Japan Product: Ethylene (C2), propylene (C3) Capacity (tonnes/year): 564,000 (C2); 270,000 (C3)...
Plant status: Braskem restarts LDPE plant in Cubatao – sources
SAO PAULO (ICIS)--Here is a plant status report. Name: Braskem Location: Cubatao, Sao Paulo, Brazil Product: Low density polyethylene (LDPE) Capacity (tonnes/year): 140,000 Event start: 28 February...
Plant status: Calumet completes US Louisiana naphthenic base oils maintenance
NEW YORK (ICIS)--Here is a plant status report: Name: Calumet Location: Princeton, Louisiana, US Product: Naphthenic base oils Capacity (barrels/day): 7,000 (373,800 tonnes/year) Event start: Before...
Plant status: Saudi ships more naphtha on reformer shutdown – trade
SINGAPORE (ICIS)--Here is a plant status report: Name: Saudi Aramco Location: Jazan, Saudi Arabia Product: Naphtha/gasoline Capacity (barrels/day): 60,000 Event start: In the week of 4 May Event...
HYDROGEN MARKET MONITOR: WEEK 20
LONDON (ICIS)--The following summary is part of a new series known as "Hydrogen Market Monitor", which comprises a round up of key hydrogen-market developments from previous weeks, separated into the...
A museum mould mystery
Even best practices aren’t always enough to protect heritage sites