An overnight fire at Formosa Petrochemicals Corp's massive refinery in Taiwan has affected one-third of its production capacity, a company spokesman said on Monday.
The blaze was the third this year at the refinery complex with a capacity of 540,000 barrels per day.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Compelling solutions through strategic partnerships
