Industry News
Chemical Industry News
GAS ALERT: Fluxys Belgium launches consultation to align with EU storage rules
LONDON (ICIS)--Fluxys Belgium is proposing adjustments to its storage services to align its current framework with the latest applicable European storage regulation. The company has launched a market...
MARGINS: Europe PE margins down on higher upstream costs despite firmer product, co-product credits
LONDON (ICIS)--Margins at polyethylene (PE) plants in Europe fell week on week across most operators and grades amid higher feedstock costs, ICIS margin analysis showed on Monday. The drop in margins...
GAS ALERT: EU publishes legal text to end Russian gas imports, legal challenge to follow
LONDON (ICIS)--The EU published the legal text to phase out the import of Russian gas in the bloc’s official journal on 2 February, allowing the law to take effect the next day. This represents the...
How RNA reveals clues to life’s origins on Earth
The discovery of catalytic RNA transformed our understanding of life’s beginnings. Clare Sansom explores how the RNA world hypothesis bridges the gap between non-living chemistry and the first cells
E-kerosene project starts in Schwedt with 494 million euros investment
The Federal Ministry for Economic Affairs and Energy has announced that the Concrete Chemicals project is to be implemented at the PCK industrial park in Schwedt. Concrete Chemicals is a project for the production of
Co-reactive secures €6.5 million in seed funding for CO₂-negative construction materials technology
Founded in 2024, climate-tech start-up Co-reactive from North Rhine-Westphalia (NRW) has completed a seed financing round totaling €6.5 million. The capital will be used to scale the company’s CO₂ mineralization technology – which makes use
Electric eel biology inspires powerful gel battery
Power sources used in devices found in or around biological tissue must be flexible and non-toxic, while still powerful enough to support demanding technologies such as medical devices or soft robotics. To achieve this balance,
Twogee Biotech secures more than €2 million in seed funding to transform the chemical industry
Twogee Biotech, a Munich-based biotechnology startup specializing in tailor-made enzyme solutions for the industrial conversion of biomass into sustainable raw materials, has successfully closed a seed financing round of €2.16 million. Investors include High-Tech Gründerfonds
Europe February phenol contracts track up with benzene leap
LONDON (ICIS)--The European phenol contract for February and the European net phenol contract for February have increased by €130/tonne, tracking the increase in the upstream benzene contract for...
Eastman monitors winter storm impacts – exec
HOUSTON (ICIS)--Eastman is watching out for potential impacts on its US sites from the ongoing harsh winter weather, chief financial officer Willie McLain told analysts during the chemical...
ICIS GAS INSIGHT WEEK 5 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 5. Greece-Ukraine monthly gas transport capacity again...
Europe virgin PET prices firm amid cost pressure and import uncertainty
LONDON (ICIS)--European polyethylene terephthalate (PET) prices remained firm as rising production costs and supply disruptions underpinned sellers’ positions, despite the absence of a broad-based...
European acetone spot truck price rally continues on tight supply
LONDON (ICIS)--European spot prices jumped again this week on the acetone truck market due to tight supply. The total range of prices heard this week was again very wide and once again, prices...
Tighter THE, TTF spreads to other hubs could persist amid bullish outlook
Additional reporting by Marko Tymoshchuk, Martina Losi and Eduardo Escajadillo THE and TTF spreads to other hubs remain unusually low Italian PSV premiums collapse on reduced risk perception Czech...
PP ‘at the bottom’ has higher bounce potential than PE – LyondellBasell execs
NEW YORK (ICIS)--Polypropylene (PP) has a greater potential for a bounce in the short term than polyethylene (PE), with demand for durable goods at a low point, said senior executives at producer...
Europe propylene Feb CP settled, Feb CP for ethylene outstanding – talks to continue on Monday
LONDON (ICIS)--February contract reference price negotiations for ethylene will continue into next week because no full settlement has been finalized. There has been some progress, with one bilateral...
Reducing incentive tariff for Italian fixed offshore wind would risk delaying FER 2 tenders – AERO
Italian energy minister has said that €185/MWh offshore wind tariff for upcoming FER 2 tenders is “no longer sustainable” President of the Italian offshore wind lobby AERO told ICIS that...
Exxon expects first Golden Pass LNG in early March
US Golden Pass expects first LNG expected in early March Mozambique Rovuma LNG project FID expected this year Papua New Guinea expansion plans on track, with 2026 FID also previously expected LONDON...
Eastman’s 2nd US methanolysis project remains on hold
HOUSTON (ICIS)--Eastman’s plans for a 2nd methanolysis (chemical recycling) project in the US remain on hold, CEO Mark Costa said during the chemical producer’s Q4 earnings call on Friday. For...
Europe propylene CP for February settles up by €15/tonne, reflecting naphtha, firmer upstream trend
LONDON (ICIS)--The Europe propylene contract reference price for February has been settled at €965/tonne, up by €15/tonne from January. Four producers and two consumers separately and directly...