8The German rubber industry association (WDK) has warned that an anticipated explosion in raw materials prices threatens the existence of many players in the sector which has already reached load limit

8A leading international plastics formulator and compound producer, announced innovative compounds for new resins in the automotive market
8These compounds are based on molecular recycling technologies

8The global synthetic rubber market size was valued at USD 28.89 billion in 2021. The market is projected to grow from USD 29.86 billion in 2022 to USD 41.73 billion by 2029, exhibiting a CAGR of 4.9% during the forecast period

8The World Rubber Summit 2022 is set to take place 24- 26 May in Singapore (and online) under the theme of a ‘resilient, digitalised and sustainable rubber economy: redefining value chains.”

8UBQ Materials, climate tech developer of advanced materials made from unsorted household waste, announced that it is partnering with Teknor Apex Company, one of the largest custom thermoplastics compounders globally, to include UBQ in its latest line of sustainable thermoplastic elastomers (TPE)
8UBQ is a sustainable plastic substitute converted entirely from unsorted municipal solid waste, including all organics, that have been diverted from landfills. UBQ is a novel worldwide patented material that has already been adopted by leading industry brands and enterprises for manufacturing durable products with reduced environmental footprints

8The Japanese chemicals company has established concrete measures to achieve the ambitious target of 50% reduction by 2030 and net zero by 2050
8And it is also striving for rapid social implementation of products and technology that contribute to global GHG reduction

8The American Plastics Industry Association’s board of directors voted on April 26 to appoint a new CEO and COO, promoting both from within the association

8Get the latest rubber prices in Singapore

8There is speculation already on the mechanism to be put in place for supply of gas to the CGD industry, if the current supply of domestic gas is capped
8The interesting fact is that of the 17 mmscmd of gas, five companies take more than 11 msmcmd from here

Samik Mukherjee has quit McDermott and that is sending all-round ripples
8He was Executive Vice President and Chief Operating Officer
8Who has replaced him?

There is a requirement for two Platform Supply Vessels (PSVs) and one Offshore Supply Vessel (OSV).
8And in a pre-tender meeting, as many as 16 parties responded

Pipeline updates:
Get an update on
8Haldia - Panagarh Greenfield LPG Pipeline
8Hassan - Cherlapally Greenfield LPG Pipeline Project (HPCL): What kind of contracting has happened, and for how long has the commissioning date been revised to

One of the new fertilizer plants have gone to full production
8And this means a full demand for 2.4 mmscmd of LNG
8That is one extra cargo of LNG per month

8Is the new subsidy regime announced for decontrolled fertilizers good enough for smooth imports to take place?

8Now that the government has put its foot down on additional priced cap gas for the city gas distribution, they are already getting around 17 mmscmd of this gas, a new gas allocation business model for the sector is being talked about

Single Super Phosphate Greenfield Project
8Cost: 10 Cr.
8Project Event: Still, evaluation is ongoing for environmental clearance, and it is likely to be granted in June 2022. A new internal committee has been formed for the project, The RFQ for the local contractor is likely to be released in July 2022.
SSP Fertilizer Greenfield Project
8Cost:90 Cr.
8Project Event: The project is still on hold, It is likely to be active in Q2 FY 2022-2023, Internal discussion is still ongoing for the project. the RFQ for the LSTK contractor is likely to release in Q2 FY 2022-2023

We have a fantastic power sector team working in our sister site www.energylineindia.com, that provides all-round busienss development leads. They are comprehensive and no one does it better than we do. Get in touch with our marketing team for access to this database
Rs 10000 crore project: We keep track of it from the very beginning
This is a massive Rs 10000 crore closed-loop pump storage project
8It is in the initial clearance stages
8Land acquisition is yet to start
8At our website, our technical analysts keep track of projects since the inception, providing you dozens of commercial information as the project progresses, thereby giving you business development opportunities.
Transmission project: What is ahead?
Rs 411 crore transmission project
8Trans Rail is the EPC
8Find out when the RFQ for the ACSR moose conductor package is likely, and also get key contacts here
Rs 5747 crore hydel package: Find out who the potential bidders are going to be
This is a Rs 5747 crore hydel package
8The tender for civil package is on, and bids are in the process of being submitted
8But find out who attended the pre-bid meeting
8Also know more on when the RFQ for the EM works package is going to come

Get the daily updates for
8Chemicals
8LNG
8Crude
8LPG
8Ammonia

8Three Phos acid shipment is coming on 28 April, 2 May & 4 May
8One Sulphuric acid shipment is coming on 27 April 2022

8State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday.

8Russia's state energy giant Gazprom on Wednesday stopped all gas supplies to Poland and highly dependent Bulgaria, raising the spectre of a shortage in the region -- and Europe as a whole.

8The world's economy is forecast to grow around 3.6 per cent this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next, according to a report released Wednesday by the International Monetary Fund.

8The Union Cabinet, chaired by Prime Minister, Narendra Modi, on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic (P&K) fertilisers, including DAP, for the first six months of this fiscal, as part of its efforts to provide soil nutrients to farmers at an affordable price.

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

Acrylonitrile prices, on April 28, 2022, witnessed a fall in the Mumbai market.