8Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report in The Economic Times said.

Petrochem sources from Ahmedabad reported a significant fall in 22% nickel sulfate prices.

A significant fall in VAM prices in the Mumbai market was recorded today.

An elevated trend is noticed in IPA prices.

Petrochem sources confirmed that mixed-xylene prices have slipped in the Mumbai market.

A sharp fall in VAM prices in the imported market of Chennai was recorded today.

Petrochem sources reported a significant fall in titanium wire prices in the Mumbai market.

PBR grade GP01 prices were assessed lower in the Delhi market today.

CIIR grade 1139 prices were assessed higher in the rubber market of Mumbai.

Petrochem sources reported a significant fall inTMP prices in the Ahmedabad market.

Petrochem sources reported a significant fall in cyclohexanone prices in the Ahmedabad chemical market.

Petrochem sources, on July 5, 2022, confirmed a fall in silicon metal prices in the Ahmedabad market.

Triazolone (95%) prices rise in the Delhi market today.

Tetra sodium pyrophosphate prices were assessed lower in the domestic market of Mumbai.

8The specialty chemical sector continued to witness healthy demand during FY2022 and the trend is expected to continue. However, the profit margin has witnessed some pressure due to raw material price escalations

The topic “Roadmap for Circular Economy in Steel Sector” was a subject of recent discussion. During the meeting, the concept of circular economy was explained which involves minimisation of the use of natural resources.
8This also involves the adoption of the principle of 6Rs i.e. Reduce, Reuse, Recycle, Recover, Redesign and Remanufacture

8Why is that so?

The following capex plans are coming up:
8Rolled steel: 3.72 lakh TPA; Sponge iron: 2X350 TPD
8Expansion of existing steel plant
83600 TPA low carbon ferro alloy manganese plant and 3.50 lakh TPA cold rolling mill complex
8Expansion of sponge iron plant, induction furnace, captive power plant, rolling mill

A wide variety of natural materials are utilized to meet society’s needs. Plant fibres for textiles are dominated by cotton, followed by jute, and related plants and textiles have seen significant sustainable innovation in recent years
8Similarly, other approaches to managing plastic waste should include biodegradable plastics and compostable plastics 8Some of these are at early stage of development but hold significant promise

8This project is intended to make an important contribution to reducing greenhouse gas emissions, establishing the use of low-CO2 technologies in chemical production and reducing the site’s natural gas consumption

8The last date for submitting applications under MEIS, for exports made in the period 01.09.2020 to 31.12.2020, has been extended up to 31.08.2022

8Department of Revenue, Ministry of Finance has issued a notification which seeks to continue the exemption from Integrated Tax and Compensation Cess on goods imported under AA/EPCG/EOU Schemes

8ThyssenKrupp Nucera has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative to drive business awareness and active support for achieving the Sustainable Development Goals (SDGs) by 2030

8The chemical industry has finally woken up to the benefits of Industry 4.0 and is ready to spend in the face of challenges such as increasing margin pressures and a declining labour force

ECI Group has signed two license agreements for Process Technology and Engineering Design with a client in China.
8The two lines will be capable of producing 50,000 tonnes/year of Ethylene Butyl Acrylate (EBA) and 100,000 tonnes/year of Ethylene Vinyl Acetate (EVA)