8As of June 15, 2023, RIL has maintained the local prices of PVC resin suspension grades

8RIL's decision to roll over domestic prices is likely to provide some relief to downstream PE producers in India

8Reliance Industries Limited (RIL) has announced a basic price reduction for Polypropylene (PP) grades, effective June 15, 2023.

8Ed Seeley has been elevated to the role of President of Polymer Valley Chemicals, who will oversee the company’s entire operation, including their corporate headquarters and sales staff, GA-based production facilities, and direct the company’s overall strategy in terms of customer service, efficiency and growth

8Smithers, in support of automotive innovation and education, sponsors the University of Akron Formula SAE Team, which recently achieved notable success at Formula SAE Michigan and will compete in international events

8Nitrocross' official tyre provider is Yokohama, which has specially designed the tires for the high-torque, all-wheel-drive FC1-X electric race car, which will be featured in the Nitrocross series

8The Center for the Polyurethanes Industry (CPI) announced that Debbie Mielewski, PhD, a sustainability expert, will deliver the keynote speech at the opening session of the 65th Polyurethanes Technical Conference in the US

8The global medical-grade silicone market is expected to reach a valuation of US$ 2.0 billion in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period of 2023–2033

8Bridgestone has developed an innovative tyre recycling process that converts used tyres into raw materials like rubber, oil, and carbon black

8Japanese rubber futures edged higher on Tuesday after losing for three days, supported by optimism that a Chinese interest rate decrease could stimulate the world's second-largest economy, although Shanghai and crude losses limited advances

8The company designs and manufactures shell and tube heat exchangers, and has grown from a small workshop to a leading supplier of heat exchangers to EPC contractors, with improvement in the company’s credit profile in FY2023 with an operating profit margin reported at 9.9% and interest coverage to 2.5 times

8In a groundbreaking collaboration with A.P. Moller - Maersk, OCI Global is powering the world's first green methanol-powered container vessel

8Sri Pendyala Narendranath Chowdary has been appointed as the new Managing Director

8Andhra Petrochemicals Ltd has appointed Sri MS R V K Ranga Rao as the new Addl. Director

8With a prominent position in both domestic and international markets, the company holds the title of being India's leading manufacturer of Chromium & Barium Chemicals, contributing 50% of its sales in the fiscal year 2022-23

8The manufacturing facility T20 in Gujarat underwent an inspection by the USFDA, learn about the findings and observations made during the visit

8The company is a step-down subsidiary of Deepak Fertilisers and Petrochemicals Corp. Ltd., Mahadhan AgriTech Ltd (MAL), a wholly-owned subsidiary of DFPCL, holds a 100% stake in the company, PCL is constructing a 510,000 MTPA ammonia manufacturing facility in Maharashtra, close to DFPCL's existing facilities, which is facing delays but is expected to be operational by August 2023

8Italy's State Export Credit Agency (SACE) has signed a financial memorandum with Uzbekistan's largest oil company Saneg concerning an innovative methanol-to-olefin gas chemical complex (GCC MTO), that is currently under construction in Uzbekistan

8Project Name: Jawaharlal Nehru Port Trust - Navi Mumbai International Airport (IOCL) ATF pipeline
Get an update on what is holding it up
8Project Name: Malkapur - Hyderabad Greenfield ATF Pipeline (MHAPL)
 IOCL wants to put it up

8There are developments on the Pipeline Replacement Project-Phase 8(PRP-8) of ONGC

A biggish gas tender was completed
8Find out what is the slope to Brent that the Indian market is willing to take

Urea Reactor (R1) and Carbamate Condenser Unit Revamp Project
8Cost: 200 Crore
More updates
Sulphuric Acid Greenfield Project
8Cost: 200 Cr.
8Project Event: The RFQ for the Technology licensor and the LSTK contractor is expected to be issued in Q2 2023, due to some delays. The company received the environment Clearance in January 2022.

 Rs. 1233 crore greenfield hydroelectric project: RFQ ahead 
8The wildlife clearance has been granted .
8The forest clearance stage 2 is pending at the DFO.
8RFQ for the civil works package (lot-1) is likely to be floated in August 2023
Rs. 500 crore greenfield hydroelectric project: RFQ ahead
8The approach road construction has been completed.
8The technical bid evaluation is in progress for the civil and HM works.
8RFQ for the EM works package is likely to be floated in Q3 2023.
Rs. 7000 crore pumped storage project: RFQ ahead
8The approach road construction works are in progress.
8Pre-bid meeting conducted soon for civil work package (lot-1).
8RFQ for the civil work package (lot-2) is likely to be floated by Q3 2023.
Get in touch with us for more on these project

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8Oil prices inched higher on Wednesday after industry data showed an unexpected rise in US crude stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data