8State-owned Cochin Shipyard Ltd has secured another international order from UK based offshore renewable operator North Star Shipping to construct a hybrid service operation vessel (SOV).

8Shell India is seeking to play a major role in attempts to build a green transport ecosystem in the country by displacing diesel – one of the dirtiest fuels -- with liquified

8China is helping Nepal look for oil as Beijing seeks to strengthen bilateral ties and competes with India for influence with the Himalayan neighbour

8India’s private refiner Reliance Industries has signed a one-year agreement with Russia’s top oil producer Rosneft to buy at least two cargoes of Urals crude in Russian rubles per month, Reuters reported on Tuesday, citing four sources familiar with the matter.

8A revision in PET resin prices has been announced by Dhunseri Petrochem Ltd.

8Chiripal announces an upward price revision for PET, effective from May 29, 2024

8A revision in PET prices has been announced

8A tender for the procurement of  molecular sieves is coming up
Get the details here

8LyondellBasell, CORADIN, Dermalogica join for sustainable GREENIS® dispenser
8This game-changing project will deliver top-tier, sustainable, and user-friendly products, showcasing collective potential
8This will reduce reliance on fossil resources

8Chemical sector's growth projections aim to create 1 million jobs by 2024, vital for India's economic landscape
8PCPIRs set to stimulate $420 billion investment in petroleum, chemical, and petrochemical industries
8Moreover, central institutes such as CIPET and IPFT to drive skill development initiatives

8MRPL's credit ratings benefit from strong sponsorship by ONGC and HPCL, offering financial and operational advantages
8The ratings acknowledge MRPL's refinery location facilitating logistical efficiencies for crude sourcing and exports

8Sources: Most market participants expect domestic producers in India to keep PP, PE, and PVC prices unchanged this week. 

8The power sector aggregator for gas, unlike the fertilizer sector, is not necessarily GAIL or IOCL
Power sector too, now that gas demand is at its peak, is looking at other alternatives

There is a 7 to 8 MMTPA LNG terminal capacity coming up
8RFQs will however be some time away

Find out what the latest on DAP imports are
8The tug of war continues, and while India has the upper hand, China has it, for now

This company decided to stop imports when government policy turned adverse
8And as a result, it posted the best year ever

This company made the following statement
8"Nutrient Based Subsidy (NBS) rates for Kharif’24 announced in March’24 are broadly non-remunerative for the industry. At current MRP & NBS subsidy, barring few NPK grades, Imports as well Manufacturing of DAP & NPK fertilizers is broadly non-viable."

Soda Ash and Ammonium Chloride Expansion Project
8Cost:Rs 156 crore
8Project Event: The project is under the clearance of environmental, and RFQ for the project management consultant is likely to be released in Q3 2024.
Green Hydrogen Project
8Cost: Rs 1291 crore
8Project Event: The project is considered to be part of a future plan and is in the initial phase.  RFQ for the feasibility study consultant is likely to be released in Q3 2024

8A daily roundup of today's bulk chemical prices

8We have the complete price matrix of today's Mumbai chemical market

8On 28 May 2024 Indian Petrochem analysts based in Mumbai reported a marginal increase in Polyacrylamide (PAM) prices

8In the latest updates from Mumbai, on May 28, 2024, there has been a slight decrease in the prices of DOP domestic intact. The price for DOP has shifted from Rs 149/Kg to Rs 148 /Kg

8Prices of MIBK in Mumbai have risen, indicating an uptick in the chemical market. In Mumbai

8Get a complete synopsis and price comparison trends here

8A combination of factors is at work, get the latest roundup prices