Israeli chemical industry news

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.

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

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

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

2026 capex focuses on high-return projects, with $10.5B in U.S., $7B offshore. $1B targets carbon reduction and new energies. Affiliate capex at $1.3-$1.7B.

Polysaf Ltd. will handle customer interactions in Israel for LYB's non-medical products, enhancing service and support.