Economics

Today, many plants run on slim profit margins, so best practices and trends highlighting ways to save costs, minimize expenses and reduce overspending are more prudent than ever.

Articles

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Trade War between U.S. and Canada

CP Notebook: Talking Chemicals in Canada with Greg Moffatt

Head of the Chemistry Industry Association of Canada discusses the potential impact of a trade war with the U.S. and his hopes for the industry’s future.
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Canada-U.S. Tariffs

Tariff Threat Strains U.S.-Canada Chemical Trade Bond

Industry leaders warn proposed duties could disrupt $60 billion in cross-border chemical commerce and destabilize critical supply chains.
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Growth arrow oil price graph

ICIS: Chemical Industry Braces for Regulatory Shifts and Trade Tensions in 2025

Expert details impact of new administration on environmental policy, tariffs and manufacturing.
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Oil gas refinery or petrochemical plant with increase bar chart and arrow layered behind it

Chemical Industry Outlook 2025: Gradual Momentum Builds

After years of stagnation, industry anticipates 1.9% output growth driven by investment and easing monetary policy.

News

Thomas Banneyer/dpa/TNS
The Bayer logo, shines on the company's site in Leverkusen.

Bayer Cut Spending, Employees in 2024 and Braces for Another Hard Year

March 5, 2025
Despite facing financial difficulties, Bayer's CEO Bill Anderson expresses optimism about leading the company out of its problems. Ongoing restructuring efforts are expected to...
LyondellBasell
LyondellBasell Houston plant

LyondellBasell to Expand Propylene Capacity

March 3, 2025
The new metathesis unit will convert ethylene into propylene for use in the production of polypropylene and propylene oxide.
Suspension of Venezuela’s Oil License Strike a Heavy Blow

Chevron and Other International Companies Face License Revocation in Venezuela

Feb. 28, 2025
The Trump administration revokes oil licenses in Venezuela.
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Air Products sign outside of the headquarters in Allentown, PA

Air Products Cancels Three U.S.-Based Projects

Feb. 26, 2025
Planned hydrogen production facility among the projects the company will scrap.
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Oil tanks at sunset , hongkong tung chung

Chinese Chemical Plants Close Early as Trade Tensions Mount

Jan. 27, 2025
Threat of U.S. tariffs ripples through global markets as manufacturers shut down ahead of Lunar New Year; Canada's $25 billion chemical trade with the United States hangs in balance...
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News: the business side from Chemical Processing

The Business Side: AI Collaborations Increase

Jan. 27, 2025
Coperion streamlines U.S. operations while several companies advance AI-powered solutions for asset management and manufacturing optimization.
Evonik
Waterford, New York silica plant

Evonik to Close Two Silica Plants in North America

Jan. 21, 2025
Plants in New York and Maryland will shut down with production being transferred to other sites.
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Ineos logo

Ineos CEO: UK Chemical Industry Near ‘Extinction’ as Company Closes Last Ethanol Plant

Jan. 14, 2025
CEO Jim Ratcliffe warns sector is on life support as high energy costs and carbon taxes force shutdown of Scotland facility, highlighting broader challenges facing British manufacturing...