Oil and petrochemicals giant Shell declared force majeure on production of base chemical products from its Bukom plant on Singapore’s Jurong Island on Dec. 1, citing a technical problem at the site’s ethylene cracker.
Shell said it was seeking to resume normal operations and supply as soon as possible, so as to minimize the potential impact on its customers.
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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
