News & Bulletin Updates

8Operating rates at South Korea's naphtha-fed steam crackers were recovering after truck drivers ended an eight-day strike, but remained curbed by poor downstream margins for olefin products

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8Double-digit discounts of propane to naphtha have not lured North Asian petrochemical makers into switching to LPG as an alternate cracker feedstock due to low prices for ethylene, the main yield from cracking LPG

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8Shell and Dow have started up an experimental unit to electrically heat steam cracker furnaces at the Energy Transition Campus in Amsterdam
8This represents a key milestone in the companies’ joint technology programme to electrify steam cracking furnaces, bringing the companies one step closer to decarbonising one of the most carbon-intensive aspects of petrochemical manufacturing

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8In a sign that oil and gas logistics firms are plunging deeper into the chemical business, Enterprise Products has disclosed that it is considering building a $5 billion ethylene cracker on the US Gulf Coast

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8At least one person has died after a fire broke out at a petrochemical complex in Shanghai on Saturday

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8Petrochemical industry sources in Iran have dismissed recent American sanctions imposed on three major petrochemical companies in the country as a “theatrical move” and insist the bans will have no tangible impact on Iran’s growing sales of petrochem products to foreign customers

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8Microplastics were identified in freshly fallen snow samples collected from 19 different sites across the Ross Island region of Antarctica. This finding, which is the first evidence of microplastics in Antarctic snow, adds to the growing body of literature regarding microplastics as a ubiquitous airborne pollutant

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8The Bengal government has finally declared a ban on thin plastic polybags or single-use plastic (SUP) from July 1

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8RIPL’s wide product portfolio of various chemicals and polymers catering to several end-user industries such as plastics, paints, packaging, footwear, etc. along with a strong clientele base reduces its revenue concentration risk

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8Japanese rubber futures were flat as domestic automotive woes and weaker Tokyo stocks outweighed hopes of natural rubber demand recovery in China after Beijing declared an initial success in stemming its latest COVID-19 outbreak

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8The board of Saudi Basic Industries Corporation (Sabic), the Middle East's biggest petrochemicals company, approved a dividend of 6.75 billion Saudi riyals ($1.8bn) for the first half of 2022, as the company continues to post profits amid a market recovery

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8State-owned Qatar Energy will this week announce a petrochemical project, CEO Saad al-Kaabi said on Sunday without providing further details

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8It has introduced a specialized high-density polyethylene (HDPE) resin that can be used to produce recyclable all-polyethylene packaging. The resin technology, which can produce recyclable PE packaging, aims to help customers and brand owners to meet their sustainability goals

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8New Hampshire is the 19th state since 2017 to enact legislation that recognizes the economic and environmental benefits of advanced recycling. Advanced recycling is a manufacturing process that converts used plastics into high-quality new plastics. With advanced recycling, more types of plastics can be recycled compared to traditional recycling methods

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Nandan Petrochem Ltd manufactures genuine oils, greases and speciality oils with a pan-India and overseas presence in the lubricating oil market.
8The company remains exposed to raw material price fluctuations with base oil as one of the primary raw materials
8It also imports a significant portion of its raw material requirements, which exposes it to foreign currency fluctuation risks

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The company is a partnership firm engaged in the distribution of polymers (HDPE/LLDPE).
8The firm is a Del Cadre Agent and a consignment agent of GAIL for the distribution of polymer products in Gujarat
8But why is it in a non-cooperative mood?

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Avani Petrochem Private Limited uses a fractional distillation process to manufacture petroleum speciality products.
8Is the company doing well enough?

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8Get the latest rubber prices in Singapore

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8Omkar Fertilisers has a plant with a capacity of 30000 TPA of NPK Fertilizers.
8Why is it not cooperating with its rating agency?

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8Get here the cotton prices for today

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8The new chief of Materials Management Services Sandeep Gupta has begun calling the shots

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This private sector (non-Cairn India)  E&P operator is expediting work on its fields to reap the benefits of high prices
8It is looking for both consultants as well as EPC contractors
8As well as for rigs and rig services

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8What did Petronet LNG did not find palatable that Shell, Gunvor and Vitol found palatable?

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Both LNG prices and LNG shipping rates are on a wild ride again
8What factors have contributed to their increased volatility?

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8Get the latest LNG import data from the US

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