Industry News
Chemical Industry News
Canada Methanex Q1 income falls on higher costs
HOUSTON (ICIS)--Canadian methanol producer Methanex reported on Wednesday a year-on-year decline in Q1 net income because costs rose faster than sales. In addition, the company reported higher...
INEOS, Sandpiper to collaborate on proposed US methanol plant in Texas City
HOUSTON (ICIS)--INEOS Acetyls and Sandpiper Chemicals have formed a strategic collaboration to support Sandpiper’s new blue methanol plant in Texas City, Texas, chemicals major INEOS announced on...
US MMA to remain roiled in May by feedstocks and supply
HOUSTON (ICIS)--US methyl methacrylate (MMA) is not likely to see much relief in May as feedstock and supply pressure continue, especially during a turnaround. April contracts surged as market...
CP Chem JV’s Middle East projects ‘in good shape’, face infrastructure issues – Phillips 66 exec
HOUSTON (ICIS)--Chevron Phillips Chemical (CP Chem) assets in the Middle East are offline amid the ongoing war in Iran but are “in good shape”, executives of US-based refiner Phillips 66 said on...
rPET in transition: market disconnect, imports, and the demand gap
HOUSTON (ICIS)--The US recycled polyethylene terephthalate (rPET) market is navigating a period of transition marked by widening structural cracks. What was once framed as a gradual shift toward...
Plant status: US Dow maintenance for polyether polyols in Freeport, TX
HOUSTON (ICIS)--Here is a plant status report: Name: Dow Chemical Location: Freeport, Texas Product: Polyether polyols Capacity (tonnes/year): 535,000 tonnes/year Event start: 1 May 2026 Event...
NYMEX: US gas futures dip following rollover, on mixed demand
US natural gas futures dipped on 29 April, following the rollover to the June front-month and on mixed demand signals ahead of the next storage report The June ’26 front-month contract settled at...
PVC prices could reach $800/tonne on sustained supply shock – Mexico’s Orbia
SAO PAULO (ICIS)--Polyvinyl chloride (PVC) prices could stabilize at around $800/tonne over the longer term if crude oil remains in the $70-90/barrel range, as the structural supply shock caused by...
CRUDE SUMMARY: Crude benchmarks rise as concerns of extended Strait of Hormuz closure grow
News that Trump has tasked aides to prepare for an extended blockade of Iran Gains extended after reports that Trump had met with oil companies to discuss the topic UAE’s resignation from OPEC has...
US Federal Reserve keeps rates unchanged as economy expands at solid pace
HOUSTON (ICIS)--The US central bank kept its benchmark interest rate unchanged at 3.5-3.75% as economic activity has been expanding at a solid pace. The move was largely expected by economists and...
N America chemical rail traffic falls 0.5%, first decline in 12 weeks
HOUSTON (ICIS)--North American weekly chemical railcar traffic fell 0.5% year on year, to 49,551 loadings for the week ended 25 April, marking the first decline after 11 consecutive increases,...
US PPG expects growth in aerospace coatings demand despite war
HOUSTON (ICIS)--PPG expects demand to continue growing for aerospace coatings because of backlogs dating back to the pandemic and increased business from the military, the CEO of the US-based paints...
US PPG expects to keep up with rising costs
HOUSTON (ICIS)--PPG expects its pricing to allow it to offset rising costs caused by disruptions from the war in Iran, the CEO of the US-based paints and coatings producer said on Wednesday. Costs...
NatureWorks opens PLA biopolymer plant in Thailand
LONDON (ICIS)--Polylactic acid (PLA) biopolymers producer NatureWorks has opened a new 75,000 tonne/year biopolymer plant in Nakhon Sawan, Thailand, it said on Wednesday. The Ingeo biopolymer...
Sasol Italy signs multi-year biomethane supply deal with Asja Energy
LONDON (ICIS)--Sasol Italy (the Italian branch part of international chemical and energy company Sasol) and Italian renewable developer Asja Energy have signed a multi-year agreement for the supply...
Centrica Energy signs offtake deal for Ireland’s largest biomethane plant
LONDON (ICIS)--UK’s Centrica Energy, alongside Bord Gais Energy, has signed a long-term offtake and route-to-market agreement with Irish developer Stream BioEnergy for Ireland’s largest...
Envalior announces another price increase for capro, nylon in Europe, Middle East, Africa, the Americas
LONDON (ICIS)--On 28 April, Envalior announced intention of a price increase of €450/tonne ($526/tonne) for caprolactam (capro), Akulon and Duretan nylon 6 base resins as well as nylon 6 film and...
EPH, TotalEnergies complete formation of power joint venture
EPH and TotalEnergies complete formation of 50/50 joint venture New company focussed on flexible generation assets Joint-venture owns 14GW of installed or under-construction assets LONDON...
Albania signs long-term contract to import 1bcm/year of US LNG from 2030
Albania signed a 20-year long-term deal with Aktor to import 1bcm/year of US LNG from 2030 MoU for the development of Albania’s Vlora Energy Hub also signed on 28 April, it includes plans for...
UAE’s Fertiglobe ammonia and urea Q1 sales drop on Middle East disruption and deferred sales
LONDON (ICIS)--Fertiglobe’s ammonia and urea Q1 sales decreased by 36% and 4% respectively year on year due to trade route disruptions from the United Arab Emirates (UAE) and deferred sales....