News & Bulletin Updates

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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8Domestic steel producers are in a squeeze
8Production is getting cut
8But Tata Steel is in a sweet spot nevertheless

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8The Ministry of Steel has on boarded itself on PM GatiShakti Portal (National Master Plan portal) with the help of Bhaskaracharya National Institute for Space Applications and Geo-informatics (BiSAG-N)
8It has created its first layer of data with uploading Geo locations of all the steel plants of CPSEs under the administrative control of Ministry of Steel

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8A new 3 MMTPA steel plant is going to go live soon

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8Steel sector curbs should not last for too long, says many voices in the industry

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8Tata Steel paints the future in bright colours
8Find out what it has to say

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8There are voices now being raised for brand new steel policy
8Find out why

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8Will the trend catch on?

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Two of the world's super-giants, Shell and ExxonMobil have joined hands in China for a path-breaking project
8Why can't we organize similar deals in India?

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A huge volume of crude from Russia is finding its way into India and China
8But there will be a tipping point when everything is going to go quite crazy

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Here is a Rs 615 km pipeline
8And it 
had to be shelved because of poor economics and opposition to ROU  acquisition
So why is it being revived again?

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