8US-state Illinois has restricted the use of latex gloves in food preparation and medical services to prevent adverse allergic reactions

8LG Chem announced its plan to produce hydrogen as a key component of its long-term 2050 Net Zero corporate sustainability goal
8Aligned with this goal, South Korea's largest chemical company said it would establish a plant in Korea, with the capacity to produce 50,000 tons of hydrogen annually by the second quarter in 2024

8Get the latest rubber prices in Singapore

8Dow released a new and improved Code of Business Conduct for Suppliers (the Supplier Code)
8The Supplier Code follows the principles of the United Nations Global Compact and is organized in three sections: Environment, Social and Governance

8Petronas Chemicals Group Berhad (PCG) recently signed an agreement with its joint venture (JV) company, BASF PETRONAS Chemicals Sdn Bhd (BPC), to acquire the 113 kilo- tonnes per annum (ktpa) Maleic Anhydride (MAn) plant located in Malaysia

8Chemical firm Sabic has started the production of a new range of PP compounds and PP resins based on bio-renewable and advanced recycled feedstock at Belgium

8Sales will stop by June 30, 2023 to focus on other products more closely aligned with Solvay’s long-term strategy

8In a first and unique collaboration for the Personal Care industry, Clariant, Siegwerk, Borealis, and Beiersdorf are combining expertise to tackle the challenge of creating recyclable consumer packaging, based on 100% retrieved plastic packaging waste, for cosmetics applications

8Avient has incorporated recycled PVB interlayers into automotive TPE materials. The company has introduced two new grades of TPEs

8The acquired land is not a part of its new EU capacity expansion project

8A major carbon black producer will be increasing prices in North America. Price increases will range from $200/ton to $400/ton, depending on product and packaging type

8The French group previously held a 49% share in the initiative
8Michelin has stepped up its environmental efforts and fully aquired the pilot project in Indonesia

8Nano urea is travelling long distance now

There are two big EOIs out from ONGC:
8Development of the Deen Dayal West (DDW): High Pressure High Temperature Field in KG-OSN-2001/3 Block (Offshore -Bay of Bengal) to put the field on production.
8Appraisal and development of the Ultra deep discoveries in Cluster-III, NELP Block KG-DWN-98/2.
What is the status?

8The largest ONGC tender in recent times is finally out

8There is a fear that ONGC big offshore development tenders may and land up with just one company

Here is the latest update on the LNG trade:
8A list of LNG liquefaction projects which are expected come on stream, and their status as of now
8Data on how replacing Russian pipeline gas in Europe will not happen quickly and it will take quite a long time
8What is the latest status on European LNG intake capacity
8How much spot LNG is Europe soaking up, country-wise and month-wise
8What is the impact of the Freeport crisis on LNG shipping rates, by how much are spot rates down? And why are long term LNG carrier rates "super tight"?

Another tranche of gas is going out for bidding
8But with a different gas pricing formula

LNG arbitrage is mind boggling even today
8If you have a free cargo of LNG priced at Henry Hub (even through prices have gone up here) and you sell it at JKM prices, you can make a neat $116 million per vessel.
8If you are taking it to Europe you are making even more.
8We just keep wondering why so many months down the line, with a big fraction of the 5.8 MMTPA of US cargoes not coming into India and therefore uncommitted, GAIL is still not taking full advantage of these arbitration possibilities?
8The argument that is usually forwarded is that all cargoes are tied up back to back, and there are no caroges to spare in which such arbitrages can be earned, but beyond a point, this argument does not hold much water

NPK Plant Greenfield Project
8Cost: 915 Cr.
8Project Event: The bid due date for the LSTK contractor has been extended from 24 June to 22 July 2022 due to a lack of a suitable bidder.
Ammonia-Urea Brownfield Project
8Cost: 6000 Cr.
8Project Event: RFQ for the additional Dryer has been out with due date is 29 June 2022. The production in the complex has been started in Feb 2022 with 60 % of the production capacity.. The construction of the railway line is not completed yet, so truck transportation is on

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Petrochem sources have confirmed a fall in PVA 24-88 prices in the Delhi market.

Petrochem sources have reported a huge fall in cyclohexanone prices in the Hazira market.

The butyl cellosolve chemical market of Kandla reported a huge fall in Kandla port.

A fall in IPA prices in the imported market of Mumbai was noted on June 22, 2022.