8The newly added rules require all manufacturers and producers of solar photovoltaic modules, panels, or cells to strictly comply with the mandatory rules established by the government.
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8As widespread demonstrations against the government's proposals to modify pension rights continue, strikes at French refineries, fuel depots, and petrochemical facilities have continued for a seventh day. But with storage tanks filling up, some oil products are now being allowed to leave refineries.
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8The Indian state of Odisha approved incentives for state-controlled refiner IOC to build a dual feed cracker worth 580bn rupees ($7bn) in Paradip city in Odisha.
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8Since 2010, US ethane output and consumption have increased in tandem with the expansion of US petrochemical capacity. In 2022, US ethane product supplied, a proxy for ethane consumption, averaged slightly under 2 million bpd, peaking at about 2.2 million bpd in July. Find out what the market forecasts.
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8The $8.1 billion transaction is expected to close in the second half of 2023.
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8The proposal of including CCUS projects in China's voluntary emission reduction system calls for the relaunching and building of the unified national CCER (China Certified Emission Reduction) market so that more carbon reduction projects can participate in the carbon market and motivate companies to carry out emission reduction projects.
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8These production lines, with an annual capacity of 350,000 tons, are expected to be fully operational in the second half of this year.
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update
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This is a fungicide company.
8And they do well most of the time
8Large fertilizer companies can possibly diversify into this segment?
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8Japanese groundbreaking achievement in urea production.
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8Even in the optimistic case, global potash supply will not return to the level of 2021 before 2026
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A lot of companies live off the organic label
8Organic agricultural inputs is the buzzword
8Clearly there is a niche there as this company stands to prove
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8The state seems to have a case against GSFC. Click on Reports for more
8Chambal seems to have gone to the high court too. Click on Reports for more.
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8A DAP tender has opened yesterday
Find out what rates were discovered
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Rs. 2413 crore greenfield pumped storage project: RFQ ahead
8Hydrology report has been approved.
8Civil works tender has been floated
8RFQ for the HM works is likely to be floated in Q2 2023
Rs. 5850 crore greenfield multipurpose project: HM works ahead
8Forest clearance stage 2 has been approved.
8Pre-bid meeting has been completed for civil works (lot-2)
8RFQ for the HM works is likely to be floated in June 2023
Rs 685 crore 400 kV transmission lines project: RFQ ahead
8Forest clearance stage 1 has been granted but state 2 is pending
8Detailed survey and investigation have been completed
8RFQ for the 400 KV AIS substation works package is likely to be floated in May 2023
Rs 870 crore greenfield hydroelectric project: PMC selected
8EIA / EMP report has been approved
8PMC has been selected.
8RFQ for the civil works package is likely to be floated in Q2 2023
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The offshore wind indusry was meant to give the much needed impetus to the offshore E&P vendor base, particularly for marine spreads
8In June 2022, the MNRE notified a cumulative 37 GW offshore wind seabed lease tender trajectory for 2022-2030 and aims to add 30 GW of offshore wind installed capacity in the times ahead.
8But tenders so far have gone unawarded
8Gujarat and Tamil Nadu have agreed to purchase offshore wind power generated off their respective coasts at a tariff of Rs 4 per unit for initial projects.
8But clearly that is not turning out to be enough
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The Indian railways had thought of using LNG to power its trains 10 years ago
8The report had been gathering dust since then even though an action plan was worked out
8LNG in railways has not picked up much traction elsewhere in the world
8So should the railways dust up the report?
8In any case, LNG consumption by the Indian railways will at best be a small fraction of total demand, not amounting to more than 5%
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Urea Reactor (R1) and Carbamate Condenser Unit Revamp Project
8Cost: Rs 200 Crore
8Project Event: Tender for IBR approved Carbamade Condenser has been re- released and bid due date has been extended from 10 March to 25 March 2023.The previous tender has been cancelled due to some internal reasons. Dynite Engg and Contractors, Jyotsna Enterprises, Larsen & Toubro, Shilpi Engineering were in the race for the supply of Urea Reactor and Carbamate Condesor.
NPK Plant Greenfield Project
8Cost: Rs 915 Cr.
8Project Event:The procurement of long lead item is still ongoing, The construction is likely to be started in May in place of March 2023. L&T has been finalized for the LSTK contractor.
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The gas trading affiliates of the RIL-BP made some quick money when they picked up price capped gas and sold that at a premium in the market
8The move attracted a lot of criticism but that has not deterred the pick up of more gas to play around in the market.
8But the margins remain good, and there is a lot of play in the Indian market
Click on Reports for more on the financials and gas aggregations and how the market is played
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Here is a brand new player selling LNG in the market
8But is it being too ambitious with how much price it is asking for?
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Covid and its attendant relaxations are over
8The relaxations given earlier have been withdrawn
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CBR - Asanur Natural Gas and Product Pipeline (IOCL)
8Land acquisition is under progress and contracting is ahead
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Morbi has become the ultimate battlefield for industrial fuel in India
8The biggest fuel supply monopolies have been beaten back by a bunch of wily entrepreneurs.
8And it is a free-for-all, devil-may-care market now
8And it should be the role model for the rest of India.
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8This is one signal from New Delhi that RIL is waiting with much trepidation
8When will it come?
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Today in Mumbai, there has been a decrease in the prices of zinc ingots.
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