8S-OIL has received praise from Lummus Technology, a leading provider of energy solutions and process technologies worldwide, for initiating construction on the Shaheen project in South Korea. The Shaheen project, which received a final investment decision (FID) in November 2022, will feature the world's most massive ethylene steam cracker and will be the first commercial application of TC2C, a technology that transforms entire crude oil into high-value chemicals.
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8Heartland Polymers has completed the commissioning of its propane dehydrogenation (PDH) facility, which now provides on-site propylene monomer feedstock for America's only comprehensive, single-site industrial PP production.
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8Get the latest rubber prices for Singapore.
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8NOVA Chemicals signs long-term VPPA with Shell Energy to buy 20 MW renewable power from BluEarth's Hand Hills wind project in Alberta, starting in spring 2023.
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830 industry associations, including Cefic, have sent a joint letter to the European Commission requesting the adoption of an EU-harmonised rule for calculating chemically recycled content using mass balance. The letter also calls for consistency in regulations regarding recycled content in plastics and non-plastic chemical materials.
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8A Saudi chemical manufacturing company has begun commercial operations at its US$1.7 billion, 260,000 tonnes per year polycarbonate production plant in China, which is a joint venture with China Petroleum & Chemical.
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8Jindal Poly Films has recently acquired 100% shareholding of another company through a Share Purchase Agreement. As a result, the acquired company will now become a wholly-owned subsidiary of the acquiring company. The acquired company deals with Non-woven items for Industrial applications, which is in line with the objectives of the acquiring company.
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8India Pesticides Ltd's recently commissioned herbicide technical product has obtained Technical Equivalence (TEQ) approval in the European Union (EU). This certification will improve the company's export income and add to the country's higher foreign currency earnings.
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8The development of a TruStyrenyx chemical recycling facility, with a capacity of 100 tons per day, in the United States, is being advanced by these two leading styrenics companies. TruStyrenyx is a collaborative effort between these two companies, aimed at offering a comprehensive solution for the chemical recycling of polystyrene into a high-purity styrene monomer.
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update
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The LNG industry with respect to India going to be in a bit of squeeze
8It is caught between a rock and a hard place
8Gas prices have fallen but the industry's woes are far from over
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8The gloves are off when it comes to the appointment of independent directors in oil companies
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Nitric Acid Plant Expansion Project
8Cost: Rs 200 crore
8Project Event:The bid due date for the End to End study of the Mono Medium and Mono High Pressure Nitric acid plant has been extended from 29 March to 12 April 2023.before this Alvigo S, Casale SA, KBR LLC, and Thssenkrupp were in the race for Nitric acid plant for capacity enhancement.
Phosphate Rich Organic Manure Greenfield Project
8Cost: Rs 100 Cr.
8Project Event:The project is in initial stage, The company is planning to hire a project management consultant as well as an EIA consultant. RFQ for the consultant is likely to be released in May 2023.
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Rs. 660 crore greenfield hydroelectric project: EC granted
8Forest clearance stage 2 has been approved
8The construction of the approach road has been completed.
8Bid evaluation is in progress for the civil and HM works.
8RFQ for the civil works package (lot 1&2) is likely to be floated in Q2 2023.
Rs. 5720 crore greenfield hydroelectric project: RFQ ahead
8Forest clearance stage 2 is pending as local villagers have started protests regarding the construction of DAM.
8The geotechnical investigation and the topographical survey have been completed.
8RFQ for the civil works package (lot 1&2) is likely to be floated in Q2 2023.
Rs. 5017 crore greenfield pumped storage project: Civil works package coming up
8Forest clearance stage 1 and stage 2 have been approved.
8Environmental activists have raised concerns as the project area falls in a wildlife-sensitive zone.
8RFQ for the civil works package is likely to be floated in May 2023.
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This domestic gas supplier is auctioning gas
8While the supply is for one year, the supplier said he could extend the tenure
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The biggest barometer of a switch to gas-based generation will not be a government fiat to public sector companies to get that capacity going.
8For quick-start gas-based power is needed now as all our evidence from our power sector portal, energylineindia.com, seems to indicate that the grid is in a fragile state given large renewable energy generation.
8But one of the best indicators of a systemic change will be when this particular generator starts up its capacity.
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Why are ONGC's offshore projects getting bogged down?
8Is it a systemic failure or is there more to it than meets the eye?
8What is the ONGC CEO doing?
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Is this the end of competition in the offshore E&P business?
8Yesterday proved that the business is now consolidated in the hands of just one company.
8Who is to be blamed for such a state of affairs?
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Get here the cotton prices for today
8China Cotton Index : 28-03-2023: 15191 Yuan (+10)
8Karachi Cotton Association Spot Rate: 28-03-2023: Pak 18700/- (Unchanged)
8MCX - Cotton Future- (Candy) : 28-03-2023: Apr : 2023 : Rs. 61220 (+700)
8ICE- Cotton Future: 28-03-2023: May : 2023 : $ 82.52 (+3.00)
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On March 29, 2023, Petrochem sources reported a fall in Spirodiclofen prices in the Delhi market.
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The price of Mancozeb has been reduced in Mumbai's imported market.
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The imported market of Delhi has seen a decrease in the prices of Triazolone.
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It has been verified that the cost of tricyclazole 97% has fallen in the Mumbai chemical market.
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