News & Bulletin Updates

8Exporters to Bangladesh are advised to take note

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8This is a pre-cursor to marketing HPCL setting up a new 9 MMTPA capacity grass root Refinery-cum-Petrochemical Complex

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8Modern digital technologies can quickly analyze and assess various chemical and material combinations to provide feasible consumer items and solutions

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8Open Innovation is growing in importance for the business strategies of GPCA member companies, as chemical and petrochemical players in the region are keen to enhance their market competitiveness and innovate new solutions to society’s challenges

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8The recent COVID-19 spike in China is not expected to benefit the Malaysian glove makers for the simple reason that the Chinese end users are more likely to source supplies within their country itself

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8Japanese rubber futures tracked gains in the Shanghai market, as demand sentiment was lifted by hopes of an economic reopening in top buyer China, even as data showing sharply shrinking factory activity weighed

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8In line with its aspirations to be the "Greenest Company", the Indian tire major JK Tyre is aiming at becoming carbon-neutral by 2050

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8The plan was initially announced in 2020 and covered the construction of a new facility at the site to replace the old plant. The plan was later changed to cover both a greenfield facility and the existing brownfield factory would be modernized

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8The US tire maker also announced plans to sell 70% sustainable-materials tires this year

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8The company is in the business of ship recycling and carries out ship-breaking activities

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BRPL is one of the largest merchant pellet manufacturers in India. Given the imposition of a 45% duty on the export of pellets in May 2022, which made exports unviable, the pellets were sold in the domestic market.
8However, after the rollback of duty on the export of pellets in November 2022, BRPL commenced exports

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Everything seems to be going pretty well for the Dabhol LNG terminal. The long pending breakwater facility is likely to be completed by June-July, 2023, and then there will no hindrance on the plant moving to its full 5 MMTPA capacity.
8But there seems to be a more serious problem at the terminal that should have been mitigated a long time ago but wasn't.  And this will hamper the terminal going up to full capacity

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The oversized cargo freight market for infrastructure and other turn-key projects is a niche market.
8But the entry barriers are low
8Established players are getting hammered

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Rs 1194 crore greenfield hydroelectric project: Civil work package (lot 2) in April 2023
8Forest clearance stage 2 is pending at DFO.
8Bid evaluation is in progress for the civil work package (lot 1)
8RFQ for the civil works package ( lot-2) is likely to be floated in April 2023.
Rs 8374 crore greenfield pumped storage project: Drilling works coming up
8Forest clearance stage 1 is pending at the nodal office.
8RFQ for the drilling and drifting work is likely to be floated in February 2023
Rs 550 crore greenfield hydroelectric project: RFQ ahead for HM works
8Forest clearance stage 2 has been approved by the DFO.
8Bid evaluation is in progress for the civil works package.
8RFQ for the HM works package is likely to be floated in Q2 2023.
Rs 18668 crore greenfield thermal power project phase-1: BOP works coming up
8Bid evaluation is in progress for the CW system package.
8Package contractor has been selected for unit transformer work.
8RFQ for the ash dyke package is likely to be floated in February 2023.
Get in touch with us for more on these projects

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8CBR - Asanur Natural Gas and Product Pipeline (IOCL)

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8Nomination basis contracts are to be limited from here onwards

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8A lot of new job opportunities have come up in the oil & gas sector

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SSP-Sulphuric Acid & NPK Fertilizer Expansion Project
8Cost: Rs 75 Cr.
8Project Event: The talking with the local contractor is still ongoing, The finalization is still due, It is likely to be finalized in March 2023.
Phosphoric Acid Greenfield Project

8Cost: Rs 10 Cr.
8Project Event: The project has elicited environmental clearance in December 2022, RFQ for the local contractor is likely to be released in March 2023.

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Cyclohexanone prices have witnessed a considerable fall in the Mumbai market.

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On January 5, 2023 naphtha prices have been registered to drift down in Japan and Europe owing to sluggish demand trends in the region.

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On January 5, 2023 the price of crude oil in the US Gulf was at $72.84/barrel (FOB) for WTI with a fall of $4.09/barrel.

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Petrochem sources have reported a rise in electrolytic copper rod prices in the Delhi market.

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Good demand has raised aluminum bar prices in the Delhi market.

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On January 5, 2023, maleic anhydride prices were much pushed higher in the Ahmedabad market.

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Petrochem sources reported a fall in ethylene glycol monobutyl ether prices in the Ahmedabad market.

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