Industry News
Chemical Industry News
Plant status: Polynt maintenance at MA facility in Ravenna to last until end-February
LONDON (ICIS) - - Here is a plant status report: Name: Polynt Location: Ravenna, Italy Product: Maleic anhydride (MA) Capacity (tonnes/year): 66,000 Event start: 12 January (estimated) Event end: 28...
INSIGHT: Divided outlook for Europe petchems in January amid persistent weak demand, geopolitical risks
LONDON (ICIS)--Europe’s petrochemical markets are starting the year facing persistently weak demand across most derivatives and mounting geopolitical risks, paving the way for a divided price...
China PX-PTA spread stays healthy, feedstock supply ample
SINGAPORE (ICIS)--The price spread between paraxylene (PX) and downstream purified terephthalic acid (PTA) in China remains above the deemed healthy level. The appreciation of the Chinese yuan (CNY)...
Iupac announces it is moving from the US to a joint home in Spain and Italy
Dual headquarters decision a result of strong bids from both cities
LNG Compass: Darwin restarts, Congo loading
LNG Compass is a new column from the ICIS LNG analyst team highlighting key factors impacting supply, demand and prices; helping traders navigate their way through volatile global markets....
OXEA launches comprehensive transformation program
OXEA is responding to ongoing economic challenges with a comprehensive transformation program. Targeted measures are intended to make the German business competitive again and put the company in a robust position for the coming years.
Wood chemicals replace toxic bisphenols in cash register receipts
EPFL researchers have developed formulations for the kind of paper used in cash receipts or shipping tags using wood-based chemicals that reduces reliance on toxic bisphenols while keeping print performance. Every day, millions of people
Compact AI-based hyperspectral camera enables new industrial applications
The OASYS project focuses on optoelectronic sensors for application-oriented systems. In the subproject A1 a team of scientists and industry experts is developing an ultra-compact, energy-efficient hyperspectral camera that uses artificial intelligence to perform complex
UK could exceed 2030 interconnector capacity target but unlikely to be net power exporter until 2035
UK government targets 12-14GW of electricity interconnector capacity as part of clean power 2030 strategy ICIS Analytics forecasts the UK to exceed its interconnector target, with 16.7GW of capacity...
Dutch regulator proposes to revise discounts on key gas import routes for 2027
ACM plans 2027 revisions to discounts for interruptible capacity and LNG entry points, based on updated interruption data and 2024 LNG volumes Reduced Gate‑terminal discounts may raise shipper...
Europe PA liquid spot prices move down, flake stable on slow activity
LONDON (ICIS)--European phthalic anhydride (PA) liquid spot prices have declined notionally in the week ending 16 January to reflect the January PA contract price reduction. There has been limited...
Envalior to end glass fiber production at Kallo, Belgium
LONDON (ICIS)--Envalior plans to end glass fiber production at its Kallo site in Belgium by the end of 2026, affecting 220 jobs, the Germany-based engineering materials producer said on Tuesday. A...
Trump’s attack on science is shaking industry’s foundations
By dismantling scientific enterprise, the US risks ’taking a hammer to our miracle machine’
Hungary’s MOL signs provisional deal to acquire majority of Serbia’s NIS
LONDON (ICIS)—Hungary’s MOL Group said late on Monday that is has signed a provisional binding heads of agreement with Russia’s Gazprom Neft to acquire its 56.15% stake in Serbian refiner...
Covestro and partner break ground on ‘heat battery’ at German MDI site
LONDON (ICIS)--Covestro and energy equipment manufacturer Rondo Energy have broken ground on a “heat battery” project at Covestro’s methylene diphenyl diisocyanate (MDI) production site at...
Romania’s electricity, gas production set to rise but plans may face challenges – part 1
Romania expecting to double its gas-fired power generation capacity by 2030 Renewable capacity expected to expand at a fast pace New capacity comes online as nuclear plant will stop for maintenance...
Hungary’s MOL eyes Gazprom Neft’s majority stake in Serbia’s NIS
Hungary’s MOL gets a step closer to acquiring Gazprom Neft’s majority share in Serbia’s NIS Serbian state hopes to increase its NIS ownership by 5%, while UAE's ADNOC is negotiating with MOL to...
Europe LDPE and HDPE injection prices firm on low ends
LONDON (ICIS)--Prices have firmed on the low ends of the ICIS assessments for low density polyethylene (LDPE) and high density polyethylene (HDPE) injection grade on the back of reduced availability....
Plant status: Keyera in unplanned outage at Canadian iso‑octane plant
LONDON (ICIS)--Here is a plant status report: Company: Keyera Plant location: Alberta Envirofuels (AEF) Edmonton plant in Alberta province, Canada Product: Iso-octane Capacity: 14,000 barrels/day...
German gas exports through Transitgas to persist in February PRISMA auctions show
Capacity of 1.7mcm/day booked at 'VIP Germany-CH' interconnector for February amid strong Italian premiums Mazara del Vallo saw the biggest booking overall at 17mcm/day Full uptake of 2.2mcm/day...