Latest chemical news

Toray to Divest Stake in Indonesian PET Producerjust now

Toray Industries agreed to sell its 47.1% stake in Indonesian PET producer PT. Petnesia Resindo to PT. Pioneer Polyindo Complex. The deal aligns with Toray's strategy to enhance capital efficiency through portfolio optimization.

Piramal Pharma Adds Solar Power at UK Sitejust now

Piramal Pharma Solutions plans to commission a 4.3MW solar plant at its UK Morpeth facility by Q1 2027, covering 22% of electricity needs. The initiative targets a reduction of 20,000 metric tons of CO₂ equivalent over 25 years.

UK urged to strengthen National Wealth Fund to aid economyjust now

Unions and thinktanks urge the UK government to expand the National Wealth Fund to invest more in infrastructure, including gigafactories, hydrogen, and steel projects. They argue this would unlock lower energy bills and revitalize industrial heartlands.

Fast food from the US and China catches on in both countries9 hours ago

Amidst political tensions, American chains like McDonald's and KFC are expanding rapidly in China, while Chinese brands such as Mixue and Luckin Coffee enter the U.S. market. This bilateral growth reflects strong consumer demand and cross-cultural dining trends in both nations.

US Diesel Crisis Remains Unresolved in Short Term10 hours ago

US refineries operate near physical limits with diesel inventory 13% below average, driving prices above $6 per gallon. Despite potential government support via the Defense Production Act, capacity expansion cannot resolve the immediate supply shortage due to long construction timelines.

Emerson to Provide Automation for Europe's First Dedicated SAF Plant10 hours ago

Emerson partners with Technip Energies to automate SkyNRG's new sustainable aviation fuel plant in the Netherlands, targeting 100,000 tons annual capacity by 2028. The project utilizes waste oils and advanced control systems to comply with EU sustainability mandates.

Chevron Expands LNG Portfolio Across Multiple Regions10 hours ago

Chevron intends to expand its LNG portfolio in Argentina, the Mediterranean, Africa, and Australia to address supply security concerns arising from Middle East conflicts. This strategy aims to diversify supply sources and reduce reliance on single transport channels for long-term contracts.

Oil Falls on Improving Mideast Exports Despite Shut Saudi Pipeline10 hours ago

Oil prices fell below $100 per barrel as recovering Saudi exports and US-Iran diplomatic hopes eased supply fears, despite ongoing Houthi attacks on energy infrastructure. Improved shipping flows through the Strait of Hormuz alleviated market concerns.

Asia Top Stories – Weekly Summary10 hours ago

ICIS Asia's weekly report highlights rising petrochemical and crude prices driven by Middle East tensions, while AI demand boosts select chemical markets and palm oil faces potential tightening in 2027.

Sumitomo Chemical, Tata Electronics Eye India Semiconductor Materials Tie-Up10 hours ago

Sumitomo Chemical and Tata Electronics signed an MoU to explore a semiconductor materials partnership in India, aiming to establish a stable supply system for domestic chip manufacturing. This collaboration supports India's semiconductor expansion and Sumitomo's ICT growth strategy.

Middle East Conflict Reshapes Asian Chemical Trade Flows, Says APPEC10 hours ago

Experts at the Asia-Pacific Petroleum Conference stated that Middle East conflicts are reshaping Asian chemical trade flows, especially for polyolefins and styrene. Supply chains are diversifying amidst logistical disruptions, though long-term impacts hinge on regional stability and policy adjustments.

Japan secures crude supply through Nov; Dec uncertain – PAJ chair: report10 hours ago

Japan secured crude oil supplies through November, but December remains uncertain amid escalating Middle East tensions affecting key shipping routes. PAJ chairman Shunichi Kito cited risks following attacks on Saudi pipelines and strategic straits controlling over 90% of Japan's imports.