8The JGC Group has planned a total of about 20 billion yen in facility investment between 2025 and 2030, which includes the current purchase of land for business operations
8The sites will support JGC C&C in meeting client carbon-neutrality initiatives and growing needs for new products spurred by accelerating digital transformation

8If constructed, the facility would be the largest of its kind in Canada with a potential initial capacity of 66 kt/year

8Chemical firm LyondellBasell has invested in a new Carbon Neutrality Fund led by Chrysalix Venture Capital
8The fund will support emerging companies developing and deploying new low-carbon technologies, focusing on hard-to-abate sectors, such as the chemicals industry

8Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, has appointed new residents for the polymer and pine chemical segments

8A fund backed by Japan's government has offered to buy out JSR Corp, a firm central to the manufacture of semiconductors, in a deal worth US$6.2 billion

8LyondellBasell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland

8UK’s Ineos says it has signed a deal to acquire TotalEnergies’ 50% share of chemicals and refinery complex assets in Southern France
8This strategic deal will fully integrate the Naphthachimie, Gexaro, and Appryl petrochemical businesses, assets, and infrastructure into Ineos Olefins & Polymers

8Mitsui & Co Ltd has executed a share purchase agreement to acquire 100% of a company that manufactures proprietary energy pipeline repair equipment and provides engineering services worldwide

8Austria’s OMV is joining talks with Abu Dhabi National Oil Company (ADNOC Group) about merging some of their assets to form a chemicals and plastics giant

The Asian giant is a voracious consumer of natural rubber
8So much so that it multiplies the volumes monopolized by other prominent countries in its market, such as India, the US, Thailand, or Japan
8China’s role is not limited to demand, however
8Recently, a detailed and extensive report points out the role of two Chinese companies in its exploitation

8Chemical firm Roehm will stop methyl methacrylate (MMA) production at its American plant in June 2025
8The plant will continue to process material and supply the market until the scheduled closure
8This is in line with the start-up of a new world-scale MMA production plant

8Officials say a fire at a Louisiana chemical plant triggered explosions that shook homes several miles away and sent flames and smoke billowing into the air
8Residents were warned to stay indoors for hours

The Adanis have caused a split right down this oil & gas regulatory body
8The divisions are apparent
8Then are questions raised too

This is a CBM company that is highly profitable, with an EBITA margin of 50%.
8And it claims to have world-class resources
8But then this is what the company had been claiming for a long time

8There was a good response elicited by ONGC

8It is a lucrative contract
And everyone has an eye on it

8Project Name: Cuttack District City Gas Distribution
8Project Cost: Rs 350 crore
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8Oil India is now looking at drilling plans for up to 6500 meters in the North East

8Project Name: Sonipat District City Gas Distribution
8Project Cost: Rs 250 crore
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8Yes, if you think retail gasoline prices have been somewhat stable this year, you would be correct

8Oil and Natural Gas Corporation (ONGC) will have a new director to spearhead its new energy, petrochemicals and corporate strategy, as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth
8A new director for strategy and corporate affairs has been created, according to an office order from the company

8A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue.

Rs. 6817 crore greenfield hydroelectric project: RFQ ahead
8The EC has been granted
8The pre-bid meeting has been completed for the civil works package (lot-1)
8RFQ for the civil works package (lot 2) is likely to be floated on Q4 2023
Rs. 937 crore greenfield hydroelectric project: RFQ ahead
8The forest clearance stage 2 is pending at the DFO
8TEC has been approved
8EIA / EMP and SIA report have been completed
8RFQ for the civil works package is likely to be floated on September 2023
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Zero Liquid Discharge Green Field Project
8Cost: 50 crore
DAP/NPK Greenfield Project
8Cost: 300 crore
8Project Event: The Feasibility Study has been completed, Internal discussion is still ongoing, RFQ for the LSTK contractor is likely to be released in Q3 2023.

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