News & Bulletin Updates

8PET bottle collection rates rebounded after declining in the preceding years

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8INEOS Styrolution, the global leader in styrenics, has been selected by BYD Auto, for its Dolphin electric vehicle (EV) model

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8The company manufactures fiber-reinforced plastic (FRP), glass fiber-reinforced plastic (GRP), glass fiber-reinforced Epoxy (GRE), and thermoplastic pipes and fittings

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8Get the latest rubber prices for Singapore

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8The consul-General of Japan hopes the long-standing relations between Japan and Malaysia will continue to be strengthened under the country's new leadership

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8Oil company Tatneft has applied to the Federal Antimonopoly Service (FAS) for approval to acquire a number of Russian subsidiaries of Finland's Nokian Tyres

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8The EU's new passenger car market grew by 16.3% year-on-year in November, marking a fourth consecutive month of growth

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8The company has also introduced a new position of chief administrative officer

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Get an update on the following mid-stream projects:
8Augmentation of Mangalore Terminal (IOCL)
8Augmentation of Raipur Terminal (HPCL)

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8When is the FID likely for the Cuddalore petrochemical complex of Haldia Petrochemical Complex?

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What is the exact date that GAIL's LNG facility at Dabhol will go 100 percent online?
8Lack of a breakwater facility meant that the facility had to go offline during the summer months because of rough seas

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8What is the latest status on the replacement of Gazprom long-term cargoes by GAIL with a similar deal elsewhere?

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After a long hiatus that has seen an exodus of some of the world's largest E&P companies from India, there is renewed interest in Indian exploration blocks.
8But there are some who have questioned the evaluation and marking system to grade bidders in these some of the blocks on offer

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Finding an integrated drilling contractor is never an easy proposition.
8Rig companies do not want to participate
8And a tender had to be extended as bidders remain tentative

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Carbon Capture Utilization and Storage (CCUS) is still a nascent technology in India
8But a bunch of corporates are showing interest, enough to keep the ball rolling

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For the glass industry, net zero glass is in the offing.
8A combination of green electricity and hydrogen is what players are signing up for

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LPG is now being portrayed as a sustainable fuel.
8With wholesale switchover from gas to LPG in industrial hubs like Morbi, this is going to be an additional talking point

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Ammonia is imported in large volumes by the Indian fertilizers industry
8What is the price outlook now and in the weeks ahead?

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8One Ammonia Nitrate shipment is coming on 16 Dec 2022
8One Phos acid shipment is coming on 16 Dec 2022
8One Ammonia shipment is coming on 17 Dec 2022
8Two Rock Phos shipments are coming on 18 & 20 Dec 2022

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Water Soluble Fertilizer Greenfield Project
8Cost: 200 Cr.
8Project Event: The consultant has been appointed to prepare Techno-Economic Feasibility Report (TEFR). RFQ for the LSTK contractor is likely to be released in January 2023
NPK Plant Greenfield Project
8Cost: 915 Cr.
8Project EventDetails feasibility report preparation is ongoing by the PDIL, Still the technical evaluation is ongoing Intecsa, L&T and Thyssenkrupp are in the race as an LSTK contractor. The financial bid will likely open at the end of Dec 2022. The company has selected the Technogreen Environmental Solution as an environmental clearance.

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Rs 6600 crore greenfield pumped storage project: SIA consultants work in January 2023
8DPR consultant has been selected for the project.
8Application for forest clearance is yet to be submitted.
8RFQ for the SIA consultants is likely to be floated in January 2023
Rs 227 crore 400 kV D/C transmission line project:  P/S works package in February 2023
8Substation location has been shifted and rerouting has also been completed.
8Rerouting of the transmission line with minimum use of forest area has been completed.
8RFQ for the P/S works package is likely to be floated in February 2023.
Rs 870 crore greenfield hydroelectric project: Civil works package in Q1 2023
8Forest clearance stage 1 has been approved but stage 2 is pending at the regional office.
8The rehabilitation and resettlement report has been approved.
8PMC of the project has been approved.
8RFQ for the civil works package is likely to be floated in Q1 2023.
Rs 325 crore 400 KV D/C Transmission Line: S/S works package in January 2022
8Forest clearance stage -1 and stage 2 have been granted by the DFO.
8Private land acquisition has been completed for the transmission line.
8RFQ for the S/S works package is likely to be floated in January 2022.
Rs 4508 crore greenfield hydroelectric power project: HM works package in February 2023
8Construction work has been delayed as the contractor face some geological difficulties in boring works
8RFQ for the HM works package is likely to be floated in February 2023
Rs 885 crore Greenfield Hydroelectric Project: EM works package in Q1 2023
8Construction of the approach road to the dam site has been completed.
8A tender has been floated for the hydro-mechanical works but the pre-bid meeting is yet to be conducted.
8RFQ for the EM works package is likely to be floated in Q1 2023
Get in touch with us for more on these project

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Dec 15, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8Crude
8LNG
8Fertilizers
8Coal-Coke
8LPG
8Ammonia

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On December 15, 2022, butadiene prices have been reported to be steady in South Korea, South East Asia, Rotterdam due to stable demand patterns in the respective countries.

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Naphtha prices, today, have picked up in Japan on account of positive buying trends in the respective countries.

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On December 15, 2022 the price of crude oil in the US Gulf increased to $77.28/barrel (FOB) as compared to $75.39/barrel registering a rise of $1.89/barrel.

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