Industry News
Chemical Industry News
MOVES: ADNOC exec appointed as new CFO of Covestro
LONDON (ICIS)--Klaus Frohlich, group chief investment officer at Abu Dhabi energy and chemical company ADNOC, has been appointed as the new chief financial officer (CFO) of Covestro, effective 1...
US trade deficit widens to $60.3 billion in March
HOUSTON (ICIS)--The US goods and services trade deficit rose 4.4% month on month to $60.3 billion in March as imports rose at a faster pace than exports, the US Census Bureau reported on Tuesday....
Gas-transit capacity booking activity focuses on German borders in Q3 PRISMA auctions
Q3 PRISMA capacity auctions draw limited interest Most capacity was booked at German points Smaller bookings in Greece and Italy LONDON (ICIS)—Bookings made in third-quarter firm capacity auctions...
US March new home sales rise 7.4% from February
HOUSTON (ICIS)--Sales of new single-family houses in the US were at a seasonally-adjusted annual rate of 682,000 in March – up 7.4% from February, and up 3.3% from March 2025, the US Census Bureau...
UAE’s TA’ZIZ signs feedstock, sales deals as it advances mega-project
BARCELONA (ICIS)--UAE industrial group TA’ZIZ has agreed long-term offtake, feedstock and sales contracts agreements worth $28.5 billion for chemicals and natural gas to serve its Industrial...
Purdue Pharma’s opioid prosecution enables bankruptcy settlement
$5 billion criminal sentence paves the way for resolution of civil liabilities through bankruptcy court
The complicated legacy of J Craig Venter
By attempting to commercialise parts of the human genome, he sped up the development of gene sequencing technologies
Silver bullet catalyst works magic transforming stable C–H bonds into amines
Method allows for late-stage, stereoselective aminations to drug-like molecules
CMBlu achieves unicorn status: SolidFlow developer now valued at over one billion euros
CMBlu Energy has reached unicorn status, crossing the €1 billion valuation threshold following a €50 million initial close of its Series C financing with participation from Samsung Ventures. All existing investors, including STRABAG SE, also
Common structural analysis of interfacial water is inadequate, according to a new study
Researchers from the Department of Physical Chemistry at the Fritz Haber Institute and Freie Universität Berlin have revealed the arrangement of water molecules at the interface between liquid water and air. Their findings help to
Custom-fit packaging using 3D printing for sustainable logistics
Oversized disposable packaging is still the standard in industrial logistics. The start-up Palprint from Paderborn wants to change this and is developing a system for a sustainable packaging cycle - with custom-fit packaging made from
South Korean benzene April exports hits monthly lowest in over five years
SINGAPORE (ICIS)--South Korea exported 139,147 tonnes of benzene in April, according to sources familiar with the matter. This marks the lowest monthly export figures since January 2021, according to...
Taiwan’s FPCC secures toluene cargoes for June arrival
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has purchased through a tender toluene for first-half June arrival to Mailiao. The parcels totaling 12,000 tonnes fetched a premium near...
US Tampa ammonia contract price lifts further for May
HOUSTON (ICIS)--The US Tampa ammonia contract price has been settled for May at $825/tonne CFR (cost & freight). The price, agreed between contract partners Yara and Mosaic, represents a...
NYMEX: Potential boost to cooling demand bolsters US gas futures
Front-month US natural gas futures moved higher on 4 May as forecasts showed bullish demand potential for mid-to-late spring weather The June Henry Hub contract on NYMEX settled at $2.867/MMBtu, up...
US farmers have 38% of corn planted, soybeans at 33%
HOUSTON (ICIS)--US farmers have planted 38% of their corn crop ,with soybeans at 33%, according to latest US Department of Agriculture’s (USDA) Crop Progress Report. Despite wet weather challenges...
Colombia manufacturing expansion eases further as input costs near three-year high
SAO PAULO (ICIS)--Colombia's manufacturing sector expanded at its weakest pace in three months in April as surging input costs and softening demand triggered the first decline in production in over a...
UAE’s Fujairah Oil Industry Zone hit by drone attack, ship targeted
NEW YORK (ICIS)--The United Arab Emirates’ (UAE) Fujairah Oil Industry Zone came under a drone attack by Iran with a fire breaking out, and a “national carrier affiliated with ADNOC” was also...
Mexico manufacturing keeps shrinking as costs surge, demand slumps
SAO PAULO (ICIS)--Mexico's manufacturing sector deteriorated at a sharper pace in April, remaining in contraction territory for an eighth month, as surging input costs collided with weakening demand,...
Brazil manufacturing expands in April, hits 14-month high on export surge
SAO PAULO (ICIS)--Brazil's manufacturing sector returned to growth in April, with the manufacturing PMI index climbing to a 14-month high of 52.6 points, up from 49.0 points in March, driven by a...