On October 20, 2022 butadiene prices have been reported to be steady in South Korea, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

Naphtha prices have registered a downward movement in Japan while moving up in NW Europe owing to fluctuation in the markets.

On October 20, 2022 the price of crude oil in NW Europe increased from $90.03/barrel to $92.41/barrel (FOB), up by $2.38/barrel respectively.

On October 20, 2022, Petrochem sources reported a fall in polystyrene sheet  prices in the Delhi market.

Petrochem sources have reported a fall in dichloropropane prices in the Delhi market.

An elevated trend is noticed in tetrachloroethylene prices.

Silica sand prices have gained in the Mumbai market, today.

A sharp cut in absolute ethyl alcohol prices in the Mumbai market was recorded today.

On October 20, 2022, Petrochem sources reported a fall in 1,4 butanediol prices in the Delhi market.

Soap noodles prices firmed up in Ahmedabad in anticipation of tight regional product avails and improved buying sentiments.

Sulphuric acid Plant Greenfield Project
8Cost: Rs 100 Cr.
8Project Event: Finalization process for hiring of an LSTK contractor is still ongoing, which is likely to be completed in December in place of October 2022 due to delay in internal discussion. The company has invited Expression of Interest from LSTK contractors and based on their response, techno-commercial offers will be invited
Water Soluble Fertilizer Greenfield Project
8Cost: Rs 200 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released Q2 2022. RFQ for the preparation of the Techno Economical Feasibility Report (TEFR) has been out, and It is likely to be finalized in November in place of September 2022

Find out how L&T has got itself into an invincible position when it comes to offshore development projects of ONGC.
8And it is now poised to win a slew of projects

8These two rig contract is likely to see a close race

8Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa.

Rs 227 crore construction of 400KV Transmission line: S/S works package in December 2022
8S/S site has been changed as suggested by the MOP and CEA
8Approval from PTCC, railway, civil aviation, and defense is yet to be granted
8Rerouting of the transmission line to avoid an eco-sensitive zone with minimum use of forest area has been completed
8RFQ for the 400KV GIS s/s works package will likely be floated in December 2022
Rs 550 crore greenfield pumped storage project: Civil package(lot-2) in December 2022
8Construction of the approach road has been completed
8Hydrology report has been approved by the CWC
8PMC has been selected for the same project
8Pre-bid meeting is yet to be conducted for the civil works package(lot-1)
8RFQ for the Civil package(lot-2) is likely to be floated in December 2022
Rs 18200 crore greenfield off-stream closed-loop pumped storage project: EPC package for the main plant works in Q1 2023
8Forest clearance stage 1 is pending at the DFO and stage 2 is pending at the nodal office
8Drilling and drifting works are in progress at the site
8Geological investigation and topographical survey at the site have been completed and it was approved by GSI
8PMC has been selected for the project
8RFQ for the EPC package for main plant works is likely to be floated in Q1 2023
Rs 7000 crore  greenfield  multipurpose project: EM works package in January 2023
8Land acquisition and resettlement have been completed
8Forest clearance stage 1 and stage 2 have been granted by the DFO
8Contractor has been selected for the civil works package
8Pre-bid meetings have been completed for HM works
8RFQ for the EM works packages likely to be floated in January 2023
Rs 8500 crore greenfield standalone pumped storage project: Civil works package (lot-1) in Q1 2023
8Forest clearance stage 1 has been approved by DFO but forest clearance stage -2 is pending at the regional office.
8Public hearing has been completed
8EIA/ EMP study report has been prepared by Vimta Labs and it has been approved by the MoEF
8Preparation of DPR has been completed and it was approved by CEA
8EPC has been selected for the project
8RFQ for the civil works package (lot-1) is likely to be floated in Q1 2023
Rs 3000 crore greenfield hydroelectric project: DPR works tender in November 2022
8TOR  has been granted by the MoEF
8Construction of the approach road is in progress it is in the final stage of completion
8FC stage-1 is pending at the nodal office
8Hydrology report has been completed and it is yet to be approved by the CEA
8RFQ for the drilling and drifting works is likely to be floated in November 2022
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8The US trying to review the anti-dumping duty on stainless steel wire rod from India
8But the review is going to be a complicated one

8Chinese rubber chemical major is expanding its production facility

8Chinese factories resumed work after the golden week holidays, with steel prices coming off again after the government highlighted inclusive growth as a bigger objective compared to GDP growth

Super Smelters Ltd has a capacity to make 1.2 million tonnes per annum (MTPA) of iron ore pellets with 1.8 MTPA grinding/beneficiation facility, 420,000 tonnes per annum (TPA) of sponge iron, 442,080 TPA of billet/slab, 28,500 TPA of ferro alloys and 240,000 TPA of rolled products. The company also has captive power plants (CPP) of 69 MW.
8But why has the company keen on getting its credit rating withdrawn?

8National Metallurgist Award- 2022 is coming up
8So, here is your chance to win it

8The Tire Industry Association (TIA) will conduct six educational sessions during this fall’s Global Tire Expo (GTE) – Powered by TIA/SEMA Show in Las Vegas including one on “How to Investigate an Accident"

8Wacker will be showcasing three new additive masterbatches for modifying biodegradable poly-esters at the 22nd International Trade Fair for Plastics and Rubber beginning today in Germany

8The chlorinated polyethylene resins and elastomers market is anticipated to generate US$ 600 million by 2022 and US$ 1,297 million by 2032, growing at a CAGR of 8%

8There is scope in India to create advanced plastic waste sorting and recycling facility
8Here is an example of what is done outside of India

8This European company with proprietary technology to manufacture circular naphtha, a circular feed for steam crackers. has found an investor