Ethylene markets in the United States began the week on a quiet note, defying upward momentum in upstream energy markets. Despite a firming tone in crude oil and naphtha prices- both key feedstocks in ethylene production, spot ethylene prices remained largely unchanged on Monday, reflecting subdued trading sentiment and limited downstream demand. According to industry […]
US President Donald Trump has announced a new round of tariff increases aimed at numerous countries, including Brazil, which will face a harsh 50% rate – the highest ever in this round. The tariff announcement also contained tariffs on additional countries, including 30% on Algeria, Libya, Iraq, and Sri Lanka, 25% on Brunei and Moldova, […]
ChemOne Group, a Singapore-based petrochemicals, green energy, and natural resources conglomerate, has completed a significant milestone by securing finance for the Pengerang Energy Complex (PEC) in Johor, Malaysia. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a wholly-owned subsidiary of the Islamic Development Bank (IsDB), has authorized a historic US$350 million […]
US ethane producers said that the government has abolished the license requirements for shipping ethane to China, reducing a significant trade obstacle. The Bureau of Industry and Security implemented the restrictions in late May, requiring licenses for ethane shipments to Chinese partners. While the Commerce Department relaxed the requirements last week, enabling ethane to be […]
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