News & Bulletin Updates

Chhara LNG terminal received capacity bids recently
8Even so, utilization levels will be low

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8A drilling fluids services contract has all the major suppliers interested

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SSP/GSSP/PSSP Greenfield Project
8Cost:Rs 100 crore
8RFQ in Q3, 2023
NPK-SSP & Sulphuric Acid Expansion Project
8Cost: Rs 15 crore

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Rs. 950 crore greenfield hydroelectric project: RFQ ahead
8The civil works(lot-1) contractor has completed the mobilization of equipment.
8Bid evaluation is in progress for the civil works package (lot-2).
8RFQ for the EM works package will likely be floated in Q4 2023
Rs. 11030 crore greenfield pump storage project: RFQ ahead
8Bid evaluations are in progress for the electro-mechanical works package
8RFQ for the civil and HM works package is likely to be floated on August 2023
Rs. 4500 crore greenfield hydroelectric project: RFQ ahead
8The civil works contractor has been selected.
8Bid evaluation is in progress for the HM works.
8RFQ for the EM works package is likely to be floated in September 2023
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8On 19 July 2023, petrochem sources reported a rise in C5 petroleum resin prices in the Mumbai chemical market

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8Dye industry finds relief as dropping prices of basic chemicals benefit manufacturers, particularly MSMEs

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8Abu Dhabi National Oil Company is pleased to announce that it is engaged in formal negotiations with OMV AG regarding the formation of a new petrochemicals holding entity
8The discussions revolve around a potential merger of their existing shareholdings in Borouge and Borealis AG

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8Hanwha TotalEnergies Petrochemical completes inaugural joint project with Hanwha Solutions and TotalEnergies, paving the way for a commercial POE plant with an annual capacity of 100,000 tons
8The pilot plant produces 200 tons of POE per year and conducts crucial process tests

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8France and India demonstrate their dedication to combatting pollution from single-use plastic products, including the implementation of bans on items with low utility and high littering potential

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8The Nicer Globe project, initiated by the Indian Chemical Council and the chemical industry, revolutionizes chemical goods transportation
8It serves as a transformative force, fostering sustainable processes and practices essential to the industry's nature of business and operations

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8The innovation is the result of a three-way development between the companies to develop innovative autonomous filtration systems that bring drinking water to remote and disaster-stricken territories

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Shakti Plastic Industries takes the lead in addressing the growing demand for eco-friendly solutions by investing in a state-of-the-art bottle-to-bottle recycling plant
8The integration of cutting-edge features like a deodorizer, colour sorter, material sorter, hot washing unit, dryer, extruder, and palletizer has positioned the plant as a pioneer in efficient plastic waste processing

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8The facility is slated to commence operations in the latter part of fiscal year 2025
8The production capacity is expected to increase by approximately 1.5 times compared to the current level

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8The prices experienced an average slump of 5%, with some grades seeing a steep fall of up to 10%
8Seasonal influences, a surge in supply, and a weaker economy are probable causes of this downturn in prices

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The ONGC brass is de-centralizing decision-making at the below-level category
8But at the same time, it is centralizing purchases
8Is that a good development?

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The mystery over the Mumbai ship owner which spent a massive $1.5 billion in the purchase of a dark fleet that ships Russian oil continues to deepen
8The ships have been deflagged by some countries
8But the show goes on
8And Indian authorities remain pretty oblivious to this fact

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8Find out how politics of a different kind may hold up award of tenders by Petronet LNG Ltd

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8India plans to launch a programme to bolster coal and lignite gasification projects in the country, as part of its broader push to reduce reliance on natural gas imports and promote cleaner sources of energy

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8Indian state refiners may shift away from Russian oil due to slimmer discounts and payment troubles and increase their intake of crude from their traditional Gulf suppliers such as Iraq and the UAE, which are willing to offer increased credit periods, a petroleum ministry official said

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8Oil regulator PNGRB has rejected Adani Total Gas Ltd's application for a licence to retail CNG to automobiles and piped gas to household kitchens in Noida, on the outskirts of the national capital, on grounds that it does not meet criteria

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8This week's visit by US climate envoy John Kerry to China after years of diplomatic disruptions could boost cooperation between the world's two biggest carbon polluters on the key issue of methane emissions

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What is happening with global ammonia prices?
8Are they beginning to firm up?

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8$6 billion funding tied up for green hydrogen-ammonia project
8EPC awarded
8Commercial operation in 2026

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What is up with H-Energy's Jaigarh terminal
8Is is going to be taken over soon?
8What really is going on?

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Get this latest global database on LNG
8It has a lot of interesting observations

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