8The new joint venture takes aim at 100,000 t/y R-PET capacity
8The JV plans to complete two PET recycling facilities by 2025, with potential for a third

AI is here to stay
8And it has profound implications for the Indian agriculture sector
Click on Details for more

In a an attempt to escape putting its eggs in the fertilizer basket, this SSP producer has diversified into some unrelated areas
8But it claims that it is the diversified nature of its business that has been seen to withstand the bad times 

GSFC has admitted that its poor vintage plants are leading to poor energy efficiency, frequent breakdowns, high maintenance costs, and inadequate infrastructure for implementing modern manufacturing processes.
8The company admits that it suffers from some other factors that are not indicative of good health
8The company seems to be struggling

8Here is this company looking for inspections in overseas loadports for fertilizer imports

8DAP prices are going up and India seems helpless to do much

The website has reached the conclusion that the fertilizer industry has not been able to properly make its case for priority allocation of gas to the urea industry.
8It may however never be too late in the day to pitch the argument
8The fact that the chemical composition and properties of natural gas make it more effectively utilized in the production of ammonia for fertilizers than as a fuel for CNG vehicles is just one of the arguments.
8There are other more cogent arguments available today which have been overlooked by the industry.
8Of course there are big players like Adani sitting on the CNG business and it will be difficult to extract a policy revision but it is never too late to try

NFL urea tender was opened today
8Get the quotes here

8Project Name: Hoshiarpur and Gurdaspur District City Gas Distribution
8Project Cost: Rs 330 crore Click here for more details

8Project Name: Sonipat District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

Two gas based power plants, totaling up to a capacity of more than 1100 Mw have been lying idle wrapped up in lengthy litigation
8It is about time that these plants are cleared up for use as more quick start power supply will be needed as renewable power supply surges.
8This will open up the opportunity for supply of gas too to these power plants

The LNG carrier industry is undergoing a dynamic change
Several factors are at work, which existing importers must take into account

8Cochin Shipyard no doubt had grown on government orders
8But it has also demonstrated resilience and adaptability in a challenging environment

LNG prices were expected to stay low during the coming winter
8But that has now changed rather dramatically
8Best to buy now rather than later

India takes pride in its rising LNG imports
8But eventually from which country you import LNG will matter more than anything else

There is no way that the percentage use of gas in the energy mix will go further from what it is today
8And there are several factors for this

GSPC doing some compliance work on its blocks
8And that makes for interesting reading

The market dynamics of the offshore support vessel industry is likely to undergo a sea change
8And this may not be good news for existing players.

8Oil & Gas market Policy and economic report Aug 2024 [FIPI]
8OIL director selected  [PESB]
8Filling up of the post of Cashier in the office of Petroleum and Natural Gas Regulatory Board (PNGRB) on short-term contract basis [PNGRB]
8Investor Presentation–Q1 FY25 [CSL]
8Business Responsibility and Sustainability Report of the Company for the Financial Year 2023-24 [Savita]  
8New job vacancy ahead
8Annual Report 2023-24 [Savita]
8APSEZL - Operational performance update [Adani Port]
8Business responsibility & sustainability report [LIL]
8Annual Report 2023-24 [LIL]

8Find today's key updates in E&P, Mid-Downstream, and CGD sector

The argument that CNG is a less polluting fuel has now been debunked
8CNG vehicles are  left with is a slight cost advantage over petrol cars
8It will not be long before this advantage erodes too

Polyethylene Terephthalate (PEY) is a type of plastic commonly used in packaging, especially for beverages, food, and other consumer goods. PET is valued for its strength, durability, and recyclability.
8In the world's largest PET market however, fresh capacities are unviable
8Yet in India new capacities are coming up fast and quick
8What explains this dichotomy

8The Ahmedabad market has seen a significant decline in the prices of Polybutylene Terephthalate (PBT), specifically for the imported grade. According to sources from Indian Petrochem, the price of PBT has dropped by Rs. 3/kg, bringing it down to Rs. 152/kg

8PEG 600, a pivotal component in industries spanning lubricants, hydraulic fluids, and coolants, has undergone a sharp rise in the Mumbai market today. Initiating from Rs.140 per kg on August 7, 2024, the price rose to Rs.143 per kg on August 22, 2024. The latest update on September 3, 2024, shows the price settling at Rs.144/kg, reflecting a Rs.3/kg increase from the last assessed quoted on August 26, 2024

8The price of wet slurry in the Mumbai market was quoted higher today. Indian Petrochem analysts indicate that this change is due to fluctuations in supply and demand as well as raw material costs affecting the production of this essential chemical. On September 3, 2024, the price of wet slurry increased by Rs.3/kg, up from Rs.115/kg quoted on August 29, 2024, to Rs.118/kg