8Kuraray is collaborating with PTT Global Chemical Public Co Ltd (GC) and Sumitomo Corp. to establish Kuraray GC advanced materials and Kuraray Advanced Chemicals as a production facility in Thailand
 8The isoprene business is expected to be one of the pillars of Kuraray GC's growth

8Cetaer and Tecnicas Reunidas have collaborated for developing a 37,000 tonnes-per-year e-methanol plant in Spain
 8It is expected to start commercial operations in 2026

New Mundra - Panipat Greenfield Crude Oil Pipeline (P-25)
8There are some updates on this, mostly around clearances
Malkapur POL Terminal Project (IOCL)
8Get full contractor details in case you want to push equipment and services to them

Sulphuric Acid/DAP/NPK/Ammonum Sulphate Expansion Project
8Cost: 550 Crore
8Project Event:Internal discussion is still ongoing, RFQ for the LSTK contractor is likely to be released at the end of June 2023, in place of March 2023. The project has elicited the environmental clearance.
NPK-TSP-GSSP Greenfield Project
8Cost: 100 Cr.
8Project Event: The company is planning to hire a local LSTK contractor for the NPK plant first, which is likely to be released at the end of May 2023.

Rs. 11000 crore greenfield hydroelectric project: EM package ahead
8The civil works contractor has completed the mobilization of equipment
8The pre-bid meeting has been completed for the HM works package
8RFQ for the EM works package is likely to be floated in Q3 2023
Get in touch with us for more on these project.

Gas price deregulation was recommended by the Kirit Parekh Committee
8So what were the various arguments put forward to stop it from happening?

8EC has been granted.
8Construction of the approach road is in progress.
8RFQ for the civil works package(lot-1) is likely to be floated in May 2023

8The geotechnical investigation and topographical works have been completed.
8Forest clearance stage 1 is yet to be approved
8LOA for the PMC package is expected by Q3 2023

NBR grade 6240 prices fall in the Delhi market. 

8The forest clearance stage 1 has been granted and stage 2 is pending at DFO.
8PMC has been selected.
8RFQ for the civil work package is likely to be floated in June 2023

Steel industry insiders in Delhi have indicated that the price of I-shape iron has decreased due to reduced demand for the product in industrial applications such as cranes, heavy equipment, and conveyor systems.

On April 11, 2023, Petrochem sources reported a cut in Rubber accelerator grade CZprices in the domestic market of Delhi.

According to reliable metal sources, manganese sulphate prices declined in the Ahmedabad market due to weak regional demand.

On April 11, 2023, the price of Stearic acid powder in the Mumbai domestic intact decreased from Rs. 105/kg to Rs. 103/kg, an Rs. 2/kg drop.

Sources from Petrochem confirmed a drop in DMC prices in the Mumbai market on April 11, 2023.

An elevated trend is noticed in Glycerine IP prices.

According to Petrochem facts, the pure acrylic emulsion price in the Mumbai market was further reduced on April 11, 2023.

On April 11, 2023, petrochem sources reported a listing of Styrene-Acrylic on Mumbai's Rasayan Bazar.

The prices of DOTP have increased in theDelhi market, attributed to improved demand trends and limited product availability.

On April 11, 2023, phenol prices were quoted lower in the Kandla market.

Isobutanol prices in the Kandla imported market have fallen significantly.

The prices of pendimethalin 30% in the Ahmedabad chemical market have increased, suggesting that there is a strong demand for it and buying conditions remain stable in the region.

Reliable sources within the petrochemical industry have confirmed that the Kandla market has witnessed a decrease in the prices of butyl cellosolve.

Mumbai's cyclohexanone market has experienced a surge in prices due to a combination of tight supply and high demand.

The Kandla market has observed a remarkable upward trend in cyclohexane prices in recent times.