SEOUL (ICIS)–The European chemical industry is bracing for continued weakness in 2024, with demand remaining soft globally due to sluggish growth in the US and a slowdown in China, an industry official said on Friday. “The European industrial sectors are out of recession but still a long way from any dynamic growth,” European Chemical Industry […]
Petrochemical supply glut to stay, portfolio optimization key
June 1, 2024 By
SEOUL (ICIS)–The global petrochemical supply glut will take some time to run its course and focusing on portfolio optimization and higher value products would be the way forward, LG Chem CEO Hak Cheol Shin said on Friday. “China will continue to build although there is a slowdown in new projects,” said Shin, who is also […]
Freepoint Eco-Systems to build 80,000 tonne/year chemical recycling plant in Belgium
June 1, 2024 By
LONDON (ICIS)–Freepoint Eco-Systems Belgium NV is planning to build an 80,000 tonne/year pyrolysis-based chemical recycling plant in Ghent, Belgium, the company announced in a press release. The plant will use mixed plastic waste diverted from incineration as an input, although there were no further details of the grade of mixed plastic waste that will be […]
Parts for Spindle
May 30, 2024 By
Guided by our support of preparing the spare parts, our aim is to help meet the world’s growing demands for the require spare parts. Famico commitment was come to end by supplying our customers’ requirements of spares as a means of solving some of the most pressing challenges of our time.
Spares for Roller Conveyor
May 30, 2024 By
Serving as a dynamic platform to engage with the leading manufacturers, once again, Famico succeed to assist the customer by providing them not only by supplying the production line and machineries, but also by furnishing them the related spare parts and ensures the client to prepare the best services by providing the demand of spares […]
Canada freight rail strike unlikely to begin before mid-July, rail carrier says
May 25, 2024 By
TORONTO (ICIS)–A possible freight rail strike in Canada is not likely to begin before mid-July, according to rail carrier Canadian Pacific Kansas City (CPKC). The ongoing uncertainties over the looming strike make it hard for Canadian chemical, fertilizer and other industrial producers, in particular exporters, to prepare for a work stoppage. After about 9,300 unionized […]
Brazil’s Triunfo petchems restart odd one out as wider industry still disrupted
May 25, 2024 By
SAO PAULO (ICIS)–Most of Rio Grande do Sul’s industrial plants remain shut or operating at very low rates as the Brazilian state reels from the floods, with the restart at the Triunfo petrochemicals hub an exception rather than the norm, a chemicals consultant at MaxiQuim said to ICIS. Mauricio Jaroski, a director at the Porto […]
Confidence rises on ‘soft or no landing’ scenario for US economy
May 25, 2024 By
NEW YORK (ICIS)–Economists are growing ever more confident on a soft landing for the US as they continue to ratchet up growth forecasts – now to the point where it’s hardly a landing at all. After all, consensus estimates for 2024 GDP growth at 2.4% are nearly on par with the 2.5% gain seen in […]
Moldovan gas market should couple with Romania
May 25, 2024 By
LONDON (ICIS)–Moldova’s best chance to consolidate its gas sector is to couple up with the Romanian market, the CEO of gas incumbent Moldovagaz told ICIS on 24 May. Speaking on the 25th anniversary of the company, which is majority owned by Russia’s Gazprom, Vadim Ceban said the country and Moldovagaz were facing major changes including […]
Container rates surge, chem tanker rates ease; Canada rail strike unlikely before July
May 25, 2024 By
HOUSTON (ICIS)–Rates for shipping containers continued to surge, liquid chemical tanker rates were flat to softer, and a possible freight rail strike in Canada is unlikely before mid-July, highlighting this week’s logistics roundup. Rates are being pressured higher because of possible start of a restocking cycle in Europe and as US importers pull forward some […]
