Chemical industry in Israel

Latest Israeli chemical industry news

14 August 2026
SOCAR posts 86.3 billion manat revenue and 10.9 billion manat EBITDA in 2025

Revenues 86.3bn manats; total profit 12.6bn and net profit ~3.0bn. EBITDA rose 26%. Major field acquisitions and a 136% jump in operating cash flow.

14 August 2026
SOCAR 2025 results: AZN 86.3bn revenue, AZN 10.9bn EBITDA

Revenue driven by crude, petroleum and gas sales; EBITDA rose 26% and net profit ≈AZN 3.0bn amid major field acquisitions and stronger operating cash flow.

15 July 2026
Brenntag and Evonik REXIM: exclusive GMP amino acids distribution across most of Europe

Exclusive agreement transfers market development and distribution of GMP-grade REXIM amino acids across most of Europe to a regional distributor, effective July 1, 2026.

18 May 2026
Seven MDBs Pledge Support for Middle East Conflict Impacts

Offer financing, policy, private‑sector tools and technical assistance to manage shocks to energy, food and trade — providing relief, budget support, liquidity, trade finance, firm support and resilience investments

12 May 2026
Novo Nordisk: Wegovy 7.2 mg yields ~28% weight loss in early responders

STEP UP trial: early responders (≥15% at 24w) sustained major weight loss at 72w; higher dose reached goals faster than 2.4 mg; 84% of lost weight was fat and muscle function preserved.

26 March 2026
Toray Industries imposes emergency surcharges after crude and naphtha price surge

Temporary surcharges on petrochemical products after crude/naphtha price spike from Middle East tensions and Hormuz blockade; reviewed regularly to secure supply.

13 March 2026
WACKER Announces Price Increase for Polymer Products

Middle East conflict disrupts supply chains, raising raw material and logistics costs. Price hikes for polymer products start April 1, 2026, affecting European and Asian production sites.

12 March 2026
dsm-firmenich Unveils Performance Boost Plan at Investor Event

The company aims to enhance growth, EBITDA margins, and cash flow, with a share repurchase program and strategic updates amid ongoing macroeconomic challenges.

16 February 2026
Chevron Secures Four Offshore Leases for Greek Exploration

Chevron and HELLENiQ ENERGY sign agreements for offshore exploration in Greece, focusing on seismic work to assess hydrocarbon potential. Awaiting Greek Parliament ratification.

16 January 2026
Chevron Approves Leviathan Gas Expansion

Leviathan's gas capacity to increase to 21 BCM annually, boosting energy supply for Israel, Egypt, and Jordan. Completion expected by decade's end.