News & Bulletin Updates

8NextChem has been awarded a Front-end engineering design (FEED) contract by a market leader in plastics and chemicals for an advanced mechanical recycling plant for municipal plastic waste in Europe

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8INEOS and SINOPEC have signed three back-to-back deals worth a combined value of US$7 billion
8These landmark agreements are expected to generate a combined turnover of around US$10 billion from 7 million tons of capacity

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8The requirement of submission of the Bill of Export for supplies made to SEZ in case of Advance Authorization has been relaxed

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The webinar will be held on 17th and 18th August at 3 PM.
8Registration is required

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8The total capacity of the project will be 90 MT per month

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8Revenue increased by 108% backed by volume expansion and realization gains in the previous quarter

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8Get the latest rubber prices for Singapore

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8The Coca-Cola Co. announced changes to its plastic bottles. Dasani bottles will be made from 100% recycled PET, and Sprite bottles will transition from green to clear plastic, which is more likely to be recycled into new bottles

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8The market was hit by reduced demand in China combined with upstream capacity additions

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8Japanese group also targeting further development of liquid rubber made from biomass-derived materials

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8VF Corp. has started the world's first 'regenerative rubber' pilot via a collaboration between its The North Face, Timberland and Vans brands, with consultancy Terra Genesis International

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Aug 02, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Weekly Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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8IOCL has major capex plans over the last five years
8Here is the best item-wise requirement over time

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Under-recoveries -- as the entire cost of crude is still not allowed to be passed on -- may have wrecked the refinery sector but refining companies are still doing well.
8What explains this dichotomy?

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8Here is an oil company with a Rs 100 crore loan from Russia
8And sanctions have meant that the loan is temporarily unserviced

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8There are two private CBM companies which are making progress in drilling new wells in their areas

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Coal based Ammonia Greenfield Project
8Cost: 200 Cr.
8Project Event: The company is planning to re- release the BOQ for the contractor at the end of August 2022, due to lack of bidder. The modification on BOQ is ongoing.
SSP/NPK Greenfield Project
8Cost: 70 Cr.
8Project Event: The feasibility studies have been completed, and international discussion is ongoing, RFQ for the Contractor is likely to be released in September 2022

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8What is it that existing CGD entities fear most from expiry of exclusivity period?

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8An onshore rig requirement has come up

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8Project Name: Dadra and Nagar Haveli Districts City Gas Distribution
8Project Cost: Rs 200 crore
Get in touch with us should you need more information

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High velocity, high value tenders have started coming out of ONGC
8This is after a long lapse, with the lockdown and its aftermath holding up projects
8Expect more in the future

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8India's largest public sector enterprise (PSE) Oil and Natural Gas Corporation (ONGC) is embarking on an aggressive oil and gas exploration and production (E&P) plan as its producing fields are ageing and production is coming down.

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8India's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said. Lower gas supplies will affect impact India's urea production, and a sustained cut would lift imports of the soil nutrient, a fertiliser industry source aware of the cuts said. Neither GAIL nor India's fertiliser ministry responded to Reuters' requests for comments.

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A gain in silicone oil grade wacker 350 prices was noted today in the domestic market of Mumbai.

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Manganese sulfate prices have moved higher today in Ahmedabad.

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