Possible Clues:

• Twice I see it's frozen up and coming down
• A pendent spear of frozen water
• Chemical company about to take on the French - result of the big freeze?
• Water on a Dutchman's beard, for Fabian? It depends
• Holiday decoration
• Tapered winter hanger
• Frozen hanging spike
• A drop in cold temperature
• A frozen water pendant
• I see double with the French as one frees it, by the sound of it