LONDON (ICIS)–The UK government has published its response to the consultation launched in February 2023 on its proposals for a Low Carbon Hydrogen Certification Scheme (LCHCS). A total of 72 responses were received, with the UK government publishing several key policy decisions within the government response. BACKGROUND The UK aims to have up to 1GW […]

LONDON (ICIS)–The ICIS Northwest Europe ammonia-to-hydrogen price regained most of the previous week’s losses during week 43 with ammonia pricing rising as demand is set to pick up in November. The ammonia-to-hydrogen price saw a weekly increase of €0.29/kg to stand at €6.34/kg on 26 October, close to the seven-month high of €6.41/kg set on […]

NEW YORK (ICIS)–Global polyethylene (PE) and polypropylene (PP) markets will continue to see headwinds from weak European demand and new capacity through at least H1 2024, but positive signs include strong US PE exports and some improvement in China, executives from LyondellBasell said. “[US] PE exports have gone up during the past quarter, and that […]

LONDON (ICIS)–The ICIS Northwest Europe ammonia-to-hydrogen assessment posted a solid increase on a weekly basis in mid-October with wider gains in the energy complex supporting the assessment with ammonia supply still seen as tight. The ammonia-to-hydrogen assessment posted a weekly increase of €0.76/kg to stand at €6.41/kg on 12 October, the highest value since early […]

SAO PAULO (ICIS)–A potential dollarisation of the Argentinian economy would not be enough to fix the country’s financial woes because it cannot be a substitute for a “sound economic policy”, the International Monetary Fund’s (IMF) director for the Western Hemisphere said on Friday. Rodrigo Valdes added that for a country to dollarise, its central bank […]

HOUSTON (ICIS)–The US Department of Energy (DoE) has picked seven hubs scattered through the country to become its main centres of hydrogen production, it said on Friday. Among the chosen is Houston’s Gulf Coast Hydrogen Hub, called HyVelocity. It will receive up to $1.2bn to develop clean hydrogen. The hydrogen hub programme is part of […]

SINGAPORE (ICIS)–Australian energy union umbrella group the Offshore Alliance (OA) said on 6 October it has voted to renew industrial action at Chevron’s Wheatstone and Gorgon LNG facilities alleging the company “reneged” on the commitment they gave the Fair Work Commission (FWC) to incorporate its mediated recommendations into enterprise agreements (EA) covering workers. OA, the […]

LONDON (ICIS)–Moldova’s state-owned energy wholesaler Energocom is committed to securing gas transparently and at competitive prices, the company said, rejecting recent concerns expressed by traders over its tendering process. Energocom bought 280 million cubic meters of gas over the period 4 September to 5 October at a weighted average price of €35.77/MWh, according to a […]

LONDON (ICIS)–Energocom’s rise to prominence in the last two years has been significant. The Moldovan state wholesaler was tasked by the government to secure electricity and natural gas amid growing concerns that the historic supplier Gazprom would cut deliveries amid growing political tensions. Over the last two years the company faced not only the formidable […]

LONDON (ICIS)–European Commissioner Maros Sefcovic has called for the AggregatEU joint purchasing mechanism to be retained and extended to other commodities claiming success after a third matching round closed on 4 October. Speaking on 6 October the Commission’s vice-president said companies have snapped up 11.86 billion cubic meters during the latest round, noting there was […]