8Titanium dioxide b101 prices were quoted lower in the Mumbai market on July 19, 2023

8The price of triethanolamine has been steadily rising in the Mumbai market

8As of July 19, 2023, the Mumbai market experienced a cut in trichloroethylene prices due to excess supply and decreased regional demand

Gas supply is going to stay tight globally
8But so will be demand
8So any event, like a more severe winter, can upset the applecart in the winter

8Sodium acid pyrophosphate prices were assessed lower in the Mumbai market today

8Petrochem sources from Ahmedabad claim that phosphorus oxychloride has decreased significantly

8On 19 July 2023, Petrochem sources reported a rise in concentrated nitric acid prices in the Ahmedabad chemical market

8MDC prices in Ahmedabad have gone up, indicating strong regional demand

8Project Name: Firozabad District City Gas Distribution
8Project Cost: Rs 200 crore
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8An increase in acetone prices was noted in Mumbai today

8In the Mumbai market, acetic acid prices are gradually falling

8Project Name: Meerut District City Gas Distribution
8Project Cost: Rs 350 crore
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Chhara LNG terminal received capacity bids recently
8Even so, utilization levels will be low

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

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

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

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

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

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

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

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

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

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

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