News & Bulletin Updates

India Gas Solutions Ltd is a 50: 50 JV between RIL and BP.
8It had been courting some controversy when accusation surfaced that it was buying gas cheap from RIL's KG Basin block and selling it high
8Find out all about the company, and the gas it has been sourcing

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8The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues that were still under its control.

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8Shell, a UK-based oil and gas firm, on Wednesday said it has launched a used oil management service to organise India’s waste oil disposal system and to increase the rate of re-refining, as it aims to achieve circular economy goals while reducing waste.

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8Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading gasoline and diesel exporter, has been forced to step up imports of the fuels

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8Russian DAP imports flood Indian markets

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All kinds of deals are taking place with Russia
8Here is a buyer who bought a big cargo out of Russia and paying in Chinese Yuan

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On June 30, 2022, Petrochem sources confirmed that aniline prices had slipped in the Kolkata market.

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VAM prices in the Ahmedabad market registered a fall today.

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8With the increase in GST rate from 5% to 12% on renewable energy equipment, the new effective rate of GST on wind and solar energy services comes to around 13.8%
8This coupled with rising cost of domestic solar PV panels could delay the pace of energy transition in India
8India should explore reversing this increase in GST rate for providing partial relief from rising solar panel prices to the consumers
8Find out more

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8The Agreement will help India’s energy transition efforts and will also help the world in combating climate change
8Know the features of the Agreement

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8Leaders from the G7 have finished their three-day meeting in a spa resort in the Bavarian Alps with a commitment to the Paris Climate Agreement, even as they agreed for close collaboration with developing countries to boost clean energy and resilience through new initiatives, comprising its commitment for Just Energy Transition Partnership with India.

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8Hydrogen demand in India is expected to increase fourfold by 2050 and the steel industry and heavy-duty transportation will drive 52% of it, according to a NITI Aayog and Rocky Mountain Institute (RMI) report.

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8Tata Technologies Ltd on Wednesday said it has joined the Foxconn-initiated MIH Consortium to promote development of sustainable mobility solutions and encourage collaboration within the industry.

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8Michelin is divesting its Russian tire production operations, having suspended activities in the country since mid-March in the aftermath of the Russia-Ukraine war

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8Rubber Division, ACS, ACE Laboratories and Endurica will be joining major players in the global rubber industry at DKT IRC 2021 from June 27-30 2022 in Nuremberg, Germany (postponed from 2021)

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8There is a huge potential to decarbonise industries such as refining, petrochemicals, steel, and fertilizers by using fossil-free electricity and hydrogen. Fossil-free hydrogen enables both the decarbonisation of the refineries and increased production of renewable fuels such as HVO, renewable gasoline and sustainable aviation fuels (SAFs)

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8Thyssenkrupp Industrial Solutions’ subsidiary signed a contract to build a new world-scale polymer plant in Turkey. The plant will use Uhde Inventa-Fischer’s proprietary patented Melt-to-Resin technology to produce 330,000 ton/year of resin for the production of polyethylene terephthalate (PET) bottles, as well as bright chips for textile applications

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8Plans are for the collocation of two important industry conferences to make it easier for participating companies and attendees alike. The conferences are scheduled for December 5-7 at the Intercontinental on the Wharf, in Washington, D.C, with events running consecutively, allowing attendees to attend a single event, or opt to combine the content from both at a discounted registration rate

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8The 43rd Annual General Meeting of the company is scheduled to be held on Thursday, 28th July 2022 at 03:00 PM. IST through Video Conferencing

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8Get the latest rubber prices in Singapore

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8INEOS Oligomers has announced that it has started up its new 120,000 tpy Low Viscosity Polyalphaolefin (LV PAO) unit in Texas, US

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8KPPL is into the manufacture of formaldehyde and resin. The company uses more than 50% of its formaldehyde for in-house resin production while the rest is sold to other resin manufacturing companies. KPPL is managed by the Pareedh family with Mr K. V. Pareedh being the key managerial person associated with the company since its inception. He has almost four decades of experience in the chemical and plywood industry through his firms established in the early 90s. Later, he incorporated KPPL in 2003 to manufacture formaldehyde and resins

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SRSSPL was incorporated in the year 2004 to initiate an iron and steel products manufacturing unit. However, after incorporation, the company remain dormant and started commercial operation in April 2012. The company installed a sponge iron manufacturing unit at Dantiya in Purulia with an installed capacity of 21,000 MTPA.
8Find out what the current status is

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Bharat Wire Ropes Ltd BWR is one of the leading manufacturers of speciality steel wire, steel wire ropes, slings and strands, with thousands of varieties of products.
8The Company has the capability of manufacturing wire ropes ranging from 6 mm to 90 mm and steel wire ranges from 0.3 mm to 5.5 mm. BWR has two manufacturing plants, one in Atgaon, Maharashtra, with a capacity of 6,000 MTPA and one in Chalisgaon, Maharashtra with a capacity of 66,000 MTPA
8It caters to government, semi-government organizations, private organizations and also multi-national companies

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8A big steel conference is coming up
8And everyone needs to participate

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