News & Bulletin Updates

8This company has a large in-house production capacity for sulphuric acid which enables backward integration as sulphuric acid is used as a raw material for finished products.
8Further, the company has co-generation units at its Indore and Pune plants where the steam generated through the exothermic reaction from burning sulphur is used to generate power, leading to savings in power expenses

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8The company manufactures a wide range of stainless steel and carbon steel pipes & tubes, which find application in key end-user industries like oil & gas refineries, power, healthcare, etc

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8Earnings are expected to remain under pressure given the input cost inflation

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8These two big companies are implementing various steps to achieve carbon neutrality by 2050, and aim to commercialize the new technology soon

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8An important segment has been discovered that affects chain length by comparing the structures of the enzymes involved in the synthesis of natural rubber (i.e. long chains) with the structures of the enzymes involved in the isoprene chain synthesis of tomatoes (i.e. short chains), as both of these enzymes belong to the same enzyme group and share similar structures

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8This Moulding specialist held a groundbreaking ceremony that marked the official start of construction work which will significantly increase production capacity at the plant in Austria

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8Steel production (weight: 17.92 per cent) increased by 15.0 per cent in May, 2022 over May, 2021. Its cumulative index increased by 8.4 per cent during April to May, 2022-23 over the corresponding period of previous year

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8Rubber prices in major Far East markets fell sharply during the two weeks to 24 June, with a slight recovery towards the end of the two-week period

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8German rubber industry association the WDK has announced the appointment of a Pirelli official as its new president, with effect from 1 July

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8The company will raise prices on all carbon black grades in North America by $0.20/1b effective August 1, 2022

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The report summarizes the progress the company has made toward achieving its short and long-term sustainability goals while further demonstrating its commitment to ethical and sustainable processes, materials and programs.
8It can server as a benchmark for those in India too

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8The move is aimed at increasing and complementing manufacturing capabilities across North America

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8Get the latest opening rubber prices for India

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8Get the latest rubber prices for Singapore

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8India’s focus to increase capacity of Green Energy Corridor (GEC) projects in renewable energy-rich states will stimulate demand for T&D network in domestic market
8The company has won large orders of Rs15bn from PGCIL, private players and state utility including Green Energy Corridor projects in FY22

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Jul 01, 2022: Shipment Update

8One SULPHURIC ACID shipment is coming on 9July 2022
8One MOP shipment is coming on 5 July 2022
8One Ammonia shipment is coming on 3 July 2022 
8Two PHOS ACID shipment is coming one 01 & 09 July 2022

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8There is some confusion over the next Oil India Ltd CMD

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8Chennai Common Corridor POL Pipeline (IOCL)
8Jodhpur Greenfield LPG Bottling Plant Project (IOCL)
8Srikakulam - Angul Greenfield Natural Gas Pipeline (SAPL)
8Paradip LPG Import Terminal Expansion Project (IOCL)
8Expansion of Betkuchi POL Terminal (IOCL)
8POL Terminal Chitradurga Greenfield Project (IOCL)

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Ammonium Nitrate Melt Greenfield Project
8Cost: Rs 88 Cr.
8Project EventThe procurement of long lead item is still ongoing. Some equipment has reached the site. Construction is likely to be started in August 2022. L&T Hydrocarbon Engineering Ltd has been finalized as the LSTK contractor.
Ammonia-Urea Expansion Project
8Cost: Rs 150 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released in September 2022. due to delay in the internal discussion. The company has elicited the environmental clearance for the project in January 2022

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LNG volumes have dipped this year compared to last year
8But frantic expansion of LNG capacity is on
8Here is an example of another existing player going beyond its earlier plans to add more capacity

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8The problem with pipeline tariffs in India is the wide differential between expectation and reality
8So what really happens therefore is that everyone aims for the skies to land on the tree tops

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Petrochem sources reported a significant fall in bright aluminum wire prices in the Delhi market.

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Depressed LPG prices is giving gas suppliers a run for their money in some industrial clusters
8Clearly there is a large enough volume displacement

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On July 1, 2022, Delhi witnessed a rise in butyl rubber grade 1675N prices.

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8Soon after the Ukraine invasion by Russia on February 24, a new Energy Cold War started.

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