Merck KGaA raised its 2026 financial guidance based on Q3 performance, citing improved underlying results and currency effects. Net profit dropped 49.9% YoY due to impairment losses from CDMO divestments, while organic growth forecasts were adjusted upward.
S-Oil Corp. targets January for the start-up of its Shaheen petrochemical cracker, capable of producing 1.8 million metric tons of ethylene yearly. Downstream polyethylene plants are expected to operate concurrently at the Onsan Industrial Complex.
At the 17th Caixin Summit, Li Junfeng stated that China's expanding new energy capacity strengthens supply security against geopolitical and climate shocks. He emphasized that building a resilient energy system is essential for long-term national development.
At the Caixin Summit, BASF VP Jens Hildebrandt stated that foreign investment strategies are shifting to 'In China, For the World,' emphasizing local R&D and raw material sourcing for global supply chain stability.
Germany’s Chemical Industry Association (VCI) forecasts a 1.5% production decline in 2026, though sales may rise 3.5% due to higher prices. Q3 output fell amid logistical disruptions from low Rhine levels and soaring energy costs.
BASF inaugurated a new MDI plant in Louisiana, doubling annual capacity to 600,000 metric tons with a $1 billion investment. The expansion supports polyurethane and agricultural chemical applications across North America.
South Korean battery materials manufacturer EcoPro BM swung to a Q3 net loss due to stagnant EV demand in North America and Europe. Meanwhile, energy storage systems and power applications saw increased sales driven by AI data center expansion.
UK GDP expanded 0.7% in Q3, its fastest growth in 2.5 years, driven by the services sector despite elevated oil, gas, and electricity prices contributing to inflation.
Corteva swung to a third-quarter loss and cut its 2026 outlook due to Brazil weakness, despite growth elsewhere. As a pure-play crop protection firm post-spin-off, it cited inventory and liquidity issues driving the decline.
King Luther Capital Management Corp established a new $236.7 million position in Linde PLC, ranking as their 23rd largest holding amid strong quarterly earnings and a $1.60 per share dividend.
Keybank acquired 43,193 shares of Linde PLC worth approximately $20.5 million in the third quarter. Analysts maintain a Moderate Buy rating with a consensus price target of $553.05.
Huntsman Corporation declared a cash dividend of $0.0875 per share payable on December 11, 2026. Management stated this is a routine declaration indicating no significant change in performance or capital allocation strategy.
Senator Sanders declines support for Schumer; Hegseth impeachment blocked. Meanwhile, Brazil unveils a COP31 roadmap to transition its economy from fossil fuels to renewable energies.
Citgo Petroleum reported a Q3 profit surge to $2.2 billion driven by strong refining margins and throughput, while future ownership remains pending US Treasury approval of an Elliott Investment Management bid.
5E Advanced Materials approaches its November 17 earnings report following a volatile stock rally. The company must demonstrate sustainable loss reduction and concrete progress toward commercial-scale boron production to validate investor confidence.
Stellantis CEO Antonio Filosa warned that the automaker and its suppliers will face billions of euros in cost increases due to raw material inflation and semiconductor prices through 2028.
Bangladesh approved a Chinese proposal to build a third floating LNG terminal to address domestic gas shortages, increasing import capacity by 600 mmcfd with operations starting in 2028. The $987.9 million deal aims to bridge the widening gap between gas demand and supply.
US lawmakers are criticizing Commerce Secretary Lutnick over export controls on AI chips to China following Nvidia CEO Jensen Huang's resignation amid espionage allegations. Senators urge action against companies like CXMT to prevent technology from fueling China's military.
Keurig Dr Pepper plans to raise $2 billion through a stock offering to reduce debt ahead of its planned split into two independent companies in early 2027. The company intends to use the net proceeds to repay about $2 billion of outstanding debt.
Citgo Petroleum reported record quarterly profits of $2.2 billion driven by surging fuel margins amid geopolitical disruptions, raising its full-year EBITDA outlook to $7.2–7.5 billion.
ChemBrief