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Reliance Industries Ltd. with effect from August 4, 2022, has announced a roll over in its PVC suspension grades prices.

A roll over in PP prices has been announced by Reliance Induatries, with effect from August 4, 2022.

8A seasonal fall in demand and pressure from global inflation is crimping margins and slowing plastics exports

8The Expert Appraisal Committee will hold a meeting on the 11th and 12th of August to consider the following proposals
1. Proposed Grain Based Distillery Unit of Capacity 400 KLD
2. Establishment of 105 KLPD Grain based Distillery along with 3 MW Electricity Generation
3. Establishment of Grain based Distillery capacity of 200 KLD
4. Amendment in Environmental Clearance of a proposed 175 KLPD Molasses/ Cane Juice/ Sugar Syrup/Grain Based Distillery & 5 MW Co-Generation Power Plant
5. Expansion of Sugar Factory from 4500 to 7500 TCD,
6. Proposed establishment of a new distillery unit of capacity 140 KLPD using grain as feedstock to produce Ethanol

8Indorama Ventures has entered into a non-binding agreement with Capchem Technology USA to study the opportunity to build and operate a world-class lithium-ion battery solvents plant at one of IVL’s petrochemical facilities on the US Gulf Coast

Basant Agro-Tech manufactures and markets fertilisers, such as NPK compounds and SSP.
8The operates in a highly regulated industry and the selling prices of its products depend on the subsidy allocated by the Govyernment of India to various nutrients
8The company’s operations, thus, remain exposed to any sharp variations in the subsidy amount and delays in receiving the same, apart from any other regulatory intervention on product prices

8While markets in the Americas appear well-supplied, potash stocks in significant markets elsewhere remain pretty low by historical standards

8The growing global emphasis on environmental sustainability is fueling a boom in the recycled plastics market, but questions remain over feedstock costs and accreditation consistency

Honeywell announced that a Chinese company will apply Honeywell’s UpCycle process technology in their planned plastics recycling factory.
8The facility will convert mixed waste plastics into recycled polymer feedstock (RPF), enabling the development of a circular economy for plastics

8Univar Solutions Inc announced it has acquired a leading regional speciality chemicals distributor in Spain and Portugal

8Get the latest rubber prices for Singapore

8A year after the topping-out ceremony, Austrian recycling specialist Lindner has moved into its new offices and the 14,000 sq m production area, which was completed in July this year
8The upgrade is a result of the upswing recycling has been experiencing these past few years, says the family-owned machine maker

On August 2, 2022, Petrochem sources reported a fall in aluminum plate prices in the Mumbai market.

Tetrachloroethylene prices were quoted lower in the Ahmedabad chemical market today.

Acetonitrile prices have witnessed a considerable fall in the Kolkata market.

Belarus is a key potash producer
8But it looks like that it may end up losing market share now
8Find out more, particularly how it is going to impact India

There is now renewed interest in ONGC on sub-standard deliveries
8And how to remedy that

8Get an update here on this

8A new CMD takes over in OIL

8RIL has selected its technology suppliers as well as FEED consultants for its multi-billion dollar petrochemical expansion in three different locations
Find out more on who these winners are

Ammonia Storage Tank Greenfield Project
8Cost: 100 Cr.
8Project Event: The RFQ for the ammonia storage tank with associated facilities has been out and the due date has been extended from 11 July to 8 August 2022.
DAP/NPK Greenfield Project
8Cost: 300 Cr.
8Project Event: The feasibilitty studies are still ongoing, which is likely to be completed in October 2022. RFQ for the LSTK contractor is likely to be released in Q3 FY 2022-2023. PDIL has been selected for the preparation of the Techno-Economic Feasibility Report. Based on the feasibility report of PDIL, future action shall be planned.

We have updates on the following pipelines
8Mumbai-Nagpur-Jharsuguda natural gas pipeline (GAIL) (Rs 7845 crore)
8Paradip - Numaligarh Crude Oil Pipeline project (NRL)(Rs 949 crore)
8Sekerkote Greenfield POL Terminal (IOCL) (Rs 540 crore)

8India is planning to start a carbon trading market for major emitters in the energy, steel and cement indu stries, as part of its efforts to hasten the transition to cleaner fuels.

A significant fall in zinc oxide prices was recorded in Delhi today.