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.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
