Czech oil refiner Unipetrol will reduce capacity at its 110,000 bpd Litvinov oil refinery for two weeks due to a technical fault, the company said on Wednesday.
The company said the fault involved pipes in hydrogen pre-heating furnaces on the hydrockracking unit.
It said it was working with partners to minimise the impact of the reduction and was running its other refinery at Kralupy at full capacity.
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.
Honeywell will acquire Johnson Matthey's Catalyst Technologies business segment for €2.15 billion in an all-cash transaction.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
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.
Jens Birgersson becomes new Brenntag CEO
