County officials in Taiwan ordered Formosa Petrochemicals to close a refinery unit on Monday after a fire on Sunday. Formosa Petrochemicals must pass air quality and other safety inspections before it can reopen the unit in its Mailiao refinery complex, officials with Yunlin county said. The refinery has a capacity of 540,000 barrels per day.
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.
Oxea is returning to its old name and its roots.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
Valerie Diele-Braun resigned from her position as CEO and member of the Executive Board of IMCD at the end of April for personal reasons.
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.
