Petrochem sources reported a considerable fall in octanol prices in the Kandla chemical market.

Iso Butanol prices firmed up at Kandla in anticipation of tight regional product avails and improved buying sentiments.

A sharp lift in cyclohexanone prices is noticed in Mumbai market.

VAM prices were assessed lower in the Mumbai market today.

Phthalic Anhydride prices have escalated in the Mumbai market today.

8BPCL's product pipeline in Andhra, Telangana to cut fuel buys
Find out more on how the contracting is going

Kochi-Koottanad-Bangalore-Mangalore pipeline
8How much more time will it take to complete the pipeline?
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There is a marked slowdown in the renewable energy sector
8An extractive Atmanirbhar strategy is at fault, and the surmise is that vested-interested centred indigenization policies have hit the sector hard
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8Project Name: Sirsa, Fatehabad and Mansa Districts City Gas Distribution
8Project Cost: Rs 350 crore.
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8Project Name: Ujjain, Dewas and Indore (Except area already authorized) Districts City Gas Distribution
8Project Cost: Rs 350 crore.
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 Rs. 1042 crore greenfield hydroelectric project: RFQ ahead
8Construction of approach road has been completed.
8The government has resolved the issue of local protests at the site
8RFQ for the civil works package (lot-1) is likely to be floated in April 2023.
Rs 1600 crore greenfield pumped storage project: HM package ahead
8EC has been granted
8Pre-bid meeting has been completed for the civil works package (lot-2).
8RFQ for the HM works package is likely to be floated in Q2 2023
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Get the daily updates for (forward looking imports, along with quantity, destination port, who is bringing it in, date of arraival, all collected exclusively by us)
8LNG
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8Bridgestone Corp. predicts 1% year-on-year sales growth and a 6% year-on-year adjusted operating profit increase in 2023. Despite the Japanese corporation reporting outstanding 2022 results, a cautious 2023 view includes worries about currency volatility, raw material and feedstock pricing, global economic uncertainty, and global political instability.
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8Balkrishna Industries Ltd (BKT), an Indian off-highway tire producer, is boosting output at its flagship Gujarat factory. During three years ending in 2026, the project will increase the group's production capacity to 600 ktpa, increasing total sales to $2 billion (€1.87 billion).
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8Zhejiang Petrochemical Co., a subsidiary of the larger Rongsheng Petrochemical group, has commissioned a 60 ktpa solution styrene butadiene rubber (SSBR) production facility in the Chinese port city. It will aid in the development of green tires by supplying rubber with broad features such as high wear resistance, low heat generation, and great wet skid resistance.
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8The trading week that concluded on February 17 saw natural rubber futures close with a mixed bag of results, with major exchanges reporting little moves during that time. According to Japan's Stock Exchange JPX's weekly report from February 20, rubber futures in Osaka fell 1%, after a 0.6% loss in Shanghai.
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8Sinochem, a major Pirelli shareholder, has denied rumours that it plans to sell its stake in the Italian tire company. Marco Polo International Italy, a wholly owned subsidiary of Sinochem, is 65% controlled by China National Tire & Rubber Corp.
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8A new type of renewable rubber utilizes birch bark sourced from the residue of the global pulp, paper and plywood industry. A single mill creates 100,000 tons of birch bark residue on average every year, and the forest industry in Finland and Sweden alone produces enough raw material for 200,000 tons of unique rubber.
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8The FDA has classed the recall of some redesigned Philips ventilators as the most dangerous category, class 1, since their usage may result in serious injury or death. These ventilators are used to help both children and adults breathe more easily.
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8The global market for ethylene propylene diene monomer (EPDM) rubber is anticipated to reach USD 4.98 billion in 2022 and to increase at a CAGR of 5.52% from 2023 to 2029, reaching USD 7.22 billion. Rising financial support for the automobile industry in developing nations like China, India, and others, as well as a large rise in demand for EPDM rubber as application industries like the automotive and building & construction expand quickly, are the market's main drivers.
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8Get the latest rubber prices for Singapore.
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8Together for Sustainability (TfS) provides the chemical industry with new solutions that enable supply chains to make a major contribution to the company's overall sustainability and resilience performance in the face of the climate crisis and rising regulatory obligations. TfS now has 43 member companies, with Sabic, Synthomer, and Yara joining.
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8Global crude oil consumption climbed to 1.3 million barrels per day in December, the highest level on record, primarily to increasing consumption in Japan, Indonesia, and South Korea, with overall demand 102% higher than pre-Covid levels in December 2019. While global demand climbed in December, output fell to a five-month low due to lower supply from the US and the UK.
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8These fuel purchases more than double Boeing's SAF procurement from last year. Neste’s SAF will be blended with conventional jet fuel at a 30/70 ratio to produce 5.6 million gallons of blended SAF.
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8Pactiv Evergreen, a maker and distributor of food packaging and beverage cartons, will offer foam polystyrene packaging products that include post-consumer products. The company will use Amsty's certified recycled polystyrene.
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