Recent developments
Decarbonization and capacity
In Japan, Asahi Kasei, Mitsui Chemicals, and Mitsubishi Chemical entered a basic agreement to merge and decarbonize ethylene operations, leveraging biomass feedstock and installing Revolefin technology at Mizushima, with consolidation at OPC by 2030 and commercial output by 2034. In the UAE, a 27-year Utilities Purchase Agreement will underpin TA’ZIZ Industrial Chemicals Zone targeting 4.7 mtpa by 2028 across methanol, low‑carbon ammonia, the PVC chain, and caustic soda.
Marine fuel transition
Shipping fuel diversification advanced as Japan completed its first ship-to-ship methanol bunkering operation at Yokohama Port using domestically produced biomethanol, following MLIT safety standards. This validates methanol’s role as a cleaner-burning marine fuel and could influence regional demand, logistics, and safety protocols for basic chemicals handling.
Prices and logistics
Cost and supply adjustments continued. LANXESS announced a global EUR 100/t increase for adipic acid due to higher raw material costs, affecting nylon and plasticizer value chains. Meanwhile, Nobian will directly supply calcium chloride from its Frankfurt site after ending a long-term distribution agreement, aiming for shorter supply chains amid growth in de-icing, dust control, and water treatment demand.
Supplier recognition and sourcing
Procurement resilience featured in Nouryon’s ecosystem. The company announced its 2025 Supplier of the Year awards, recognizing partners across logistics, intermediates, power, and base chemicals. Borealis was separately recognized in the Ethylene and Fuel Gas category, reinforcing dependable ethylene and methane-rich gas supply to Nouryon’s network.
Finance leadership transition
Nobian announced that CFO Michael Pontzen will hand over his role to Thorsten Krekels on February 1, 2026, with continuity measures across finance and IM.