News & Bulletin Updates

8Experts emphasise the importance of greater R&D efforts for breakthrough technologies and compounds, improved infrastructure, and more exports

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8The newly appointed President & CEO, Anant Maheshwari to assume broad responsibilities for leading business across a diverse set of geographies spanning the globe

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8Gujarat Government is making concerted efforts to make Vibrant Gujarat Global Summit 2024 a success, with MoUs already signed with various industries

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8The gasoline-producing fluidic catalytic cracker (FCC) at the company's 285,000 bpd Bayway refinery in the US was back in full production

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8ExxonMobil's refinery in the United States resumed normal operations after a malfunction on a unit that triggered the plant's safety flare

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8Chemicals group Lanxess is cutting costs, considering job cuts, and seeking political support as its quarterly profit declined over 50%

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8APAR Industries Ltd. excels as India's largest manufacturer in aluminum alloy rods and conductors, achieving an impressive EBITDA per MT at INR 44,114 in FY23, while strategically focusing on higher-value products, successful collaborations, and innovative solutions

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8INEOS Styrolution India Limited has applied for EC to expand its styrene acrylonitrile co-polymer (SAN) plant from 120,000 metric tonnes per annum (MTA) to 160,000 MTA and transfer the EC from M/s. INEOS ABS (India) Limited to M/s. Ineos Styrolution India Limited at Gujarat

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8The company's strong financial performance with high profitability, robust cash flows, reduced gearing ratio, sustainable dividends, progressing upstream and downstream projects, and contributing to lower-carbon initiatives through accredited ammonia shipments.

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8UPM has been recognized as one of the most sustainable companies in the world by EcoVadis, with a platinum score of 87/100

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8Punjab Chemicals and Crop Protection Ltd. has reported strong financial performance for Q1 FY 2024, with revenue, EBITDA, and PAT all increasing significantly

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8Tata Chemicals Limited revealed improved Q2 2023 financials on both consolidated and standalone bases, reflecting higher revenues and reduced debt, alongside increased cash reserves

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8Shandong Haike Chemical Co. Ltd is using Axens' vegan technology to produce renewable fuels from waste lipids, which will reduce greenhouse gas emissions by up to 80%

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8The resin markets were tepid heading into month end, but prices rose as demand increased and availability tightened

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8The company's financial performance in Q2 2023 was in line with expectations, with revenue, adjusted EBITDA, and adjusted net profit all declining from Q2 2022 due to lower volumes, lower pricing, and higher energy costs

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8Get the latest rubber prices for Singapore

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8India's economy is growing rapidly, reaching $3.75 trillion in 2023 and becoming the 5th largest economy in the world, and this growth is providing immense opportunities for the oil and gas sector, which is seeing a surge in fuel consumption

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8Windfall tax on domestic oil production [Rajya Sabha] 
8Ujjwala Yojana [Rajya Sabha] 
8Strategic Petroleum Reserves Programme [Rajya Sabha] 
8Roll-out for E20 petrol [Rajya Sabha] 
8Rise in fuel prices [Rajya Sabha] 
8Promotion of use of advanced biofuels [Rajya Sabha] 
8Pradhan Mantri Ujjwala Yojana (PMUY) [Rajya Sabha] 
8PNG connections [Rajya Sabha] 
8Petrol and diesel prices [Rajya Sabha] 
8Natural gas pipeline network [Rajya Sabha] 
8Losses of Oil Marketing Companies [Rajya Sabha] 
8Kochi-Koottanad-Bengaluru-Mangaluru Pipeline Phase-II [Rajya Sabha] 
8Increase in sales of fuels [Rajya Sabha] 
8Increase in retail price of LPG [Rajya Sabha] 
8Illegal sale of unauthorised diesel in Bhavnagar district and Saurashtra region of Gujarat [Rajya Sabha] 
8Global Biofuel Alliance (GBA) [Rajya Sabha] 
8Existing networks of Piped Natural Gas (PNG) [Rajya Sabha] 
8E20 Petrol [Rajya Sabha] 
8Discoveries at Thanelanka and Yedurulanka in Andhra Pradesh [Rajya Sabha] 
8Central excise duty and cess on diesel, petrol and ATF [Rajya Sabha] 
8Addressing the domestic crude oil production [Rajya Sabha] 
8Achievements under Ujjwala Yojana in Tamil Nadu [Rajya Sabha] 

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8On August 8, 2023, Carbon Black grade N220 prices moved higher in the Delhi market

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8On August 8, 2023, the Delhi market witnessed a rise in Silane coupling agent grade Si69 prices

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8Petrochemical industry sources have verified that prices of potassium dihydrogen phosphate (PDP) have experienced a decline in the Mumbai market

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8Industry sources in the chemical sector have reported an increase in the cost of Trimethylolpropane in the Mumbai market

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8As of August 08, 2023, the Mumbai market experienced a cut in BDO prices due to excess supply and decreased regional demand

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8The Mumbai market has seen an increase in the prices of Adipic acid due to favourable buying conditions and a surge in demand for the material

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8Liquid alkali prices have dropped in the Delhi market

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