News & Bulletin Updates

An elevated trend is noticed in IPA prices.

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8Gautam Adani-led Adani New Industries (ANIL) and Mukesh Ambani-led Reliance Industries (RIL) are planning to set up two compressed biogas (CBG) plants each, senior executives aware of the development said. ANIL plans to set up a 40-million tonne per annum (mtpa) plant in Uttar Pradesh and Gujarat, while RIL is still formalising the location for two similar capacity units.

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8The government has once again revised the newly-introduced windfall tax levied on crude, diesel and jet fuel (ATF), according to a government notification issued on Tuesday.

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8Fertilisers shares closed higher in the Tuesday's session.

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8India is now having unsustainable level of import dependence on crude oil and natural gas, with the domestic production remaining virtually stagnant and  growth rate in demand and import level of crude oil and natural gas steadily increasing at 6 to 7% per annum.

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Get the latest chemical price forecasts for the following products:
8Sodium Acid Pyrophosphate
8Potassium Bromide
8Palm Wax
8Imidacloprid
8Hydrogen Peroxide
8Dimethyl Carbonate
8Dichloropropane
8DBP
8Caustic Soda Lye
8Acrylamide

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8Cosmo Specialty Chemicals, a subsidiary of Cosmo First Ltd, announced it has appointed a new head of sales in the textile division

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8Pricing is volatile, however, raw materials and finished goods (inventory loss) have curtailed profitability

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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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