8Sulphur prices are going south
How far will they go?

8One big buyer of gas is having trouble paying up because of cash flow issues for the RIL tranche of gas, putting the aggregator and the seller of gas in a bit of a spot

Urea Reactor (R1) and Carbamate Condenser Unit Revamp Project
8Cost: Rs 200 Crore
8Get an update here
Nano Urea & Phosphate Rich Organic Manure Greenfield Project
8Cost:  Rs 250 Cr.
8Project Event: Internal discussion is ongoing, RFQ for the LSTK contractor is likely to be released at the end of June 2023.
Click on Details for more

New Mundra - Panipat Greenfield Crude Oil Pipeline (P-25)
8Get the latest progress report here
Devangonthi Marketing Terminal (MRPL)
8Get a progress report here
Click on Details for more

8Forest clearance stage 1 is under process at the nodal office.
8Consultant has been selected for SIA works.
8RFQ for the PMC package is likely to be floated in June 2023.
 Click here for more details

8The EC has been granted by the MoEF.
8Bid evaluations are in progress for the civil works package
8LOA for the EM works package is expected by Q3 2023
 Click here for more details

8Steel rebar market to exceed $323B by 2030 driven by demand for infrastructure and urbanization in Asia-Pacific

8China's iron ore imports set a new high in the first quarter, rising 10% from January to March to 29.3 MT Expectations of higher steel demand as China exits zero-COVID policy aided these figures

8SAIL, a major steel producer in India with an annual capacity of ~21mt, is poised to meet the increasing demand for steel due to the expansion of infrastructure and construction

8Indian steel exports to Europe to remain weak due to strong domestic demand and economic conditions
 8Production disruptions in Europe not expected to benefit Indian steelmakers

8Due to the geopolitical unrest, the downturn in the economy, and decreased demand, India's engineering exports decreased in FY22–23

8All of the outstanding shares of a Swedish company that produces and sells off-road tyres for agricultural and industrial machines have been fully acquired by Yokohama

8According to the bill text, legislators in a US state presented a Senate Bill which would prohibit the release of balloons loaded with a gas lighter than air while excepting meteorological, scientific and hot air balloons

8To its line-up of high-performance Potenza tyres, Bridgestone has added the new Potenza Race tyre, which was created for track enthusiasts, is authorised for use on public roads but has been enhanced for track days to provide optimum performance

8Sam Kato, who was TBC Corp's chief administrative officer for the previous two years, is named the organization's new president and chief executive officer

8ASTM D1238 now requires the use of force-controlled extrusion plastometers for MFR and MVR determination, allowing for increased automation, efficiency, and reproducibility

8The International Institute of Synthetic Rubber Producers (IISRP) has published the 2023 edition of worldwide rubber statistics, the world’s leading source for authoritative data about synthetic rubber

8An overview of the company's Q4 and FY23 financial results, including revenue, expenses, profits, and other key financial metrics

8Vivek Chandrakant Tongaonkar has been appointed as Additional Director and Director (Finance) on the Board of MRPL

8Platts has agreed to extend the comment period for its proposal on standards for manual bids and offers in the Platts Market on the Close assessment procedure for European LPG
 8These principles will apply to pricing based on a proportion to Platts CIF NWE naphtha, either partially or entirely

8The largest second-generation (2G) biofuels factory in southern Europe, which will open alongside Bio-Oils in Spain with an investment of up to 1 billion euros, has been granted to Técnicas Reunidas the contract for the full engineering

8Manasi Nisal, CFO of Rosary Biotech is being elevated to the position of Senior Vice President and will be accordingly transitioning into the role of strategy and business analytics

8Get the latest rubber prices for Singapore

8A new halogen-free flame retardant (HFFR) masterbatch has been developed by Tosaf for crosslinked and non-crosslinked PE foams

8Veolia's 50% stake in quality circular polymers (QCP), a recycler with locations in Belgium and the Netherlands, will be acquired by LyondellBasell
 8With complete ownership, LyondellBasell intends to develop a successful low-carbon and circular solutions company and generate at least 2 million tonnes of recycled and renewable-based polymers