8Materials firm Borouge, a joint venture between UAE’s Abu Dhabi National Oil Company and Austrian chemical producer Borealis, has successfully closed its US$2 billion initial public offerings, the biggest to be listed on the Abu Dhabi Securities Exchange (ADX), with demand for the IPO topping US$83.4 billion, an oversubscription level of almost 42 times

8The company plans to enlarge its flagship Asia-Pacific R&I center in Shanghai
8This expansion represents one of the company’s latest efforts to further increase its investment in China

8Myers Industries announced that it has acquired the assets of a leading auto aftermarket distributor with along standing reputation for quality and service
8This value creating acquisition is another proof point in the company’s successful execution of its 3-horizon strategy

8Continental is extending its long-standing partnership and sponsorship activities until 2027

8Green View Udyog Pvt Ltd is engaged in manufacturing of polyvinyl chloride (PVC) pipes & fittings

8Milliken & Company says it has made a significant investment in the coating additives laboratory it acquired in 2020 as part of its purchase of Borchers Americas

8The agricultural business corporate saw a dip in net profits this quarter

8Get the latest rubber price in Singapore

8Ren Xianquan, Vice President of Haier Smart Home visited Dawn to exchange views on the green developments related to the recycled industry

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Get here the cotton prices for today
8China Cotton Index : 01-06-2022: 21525 Yuan (Changed: +6)
8Karachi Cotton Association Spot Rate: 01-06-2022: Pak 22680 (37.324Kg) (Un-Changed: )
8MCX - Cotton Future : 01-06-2022: July : 2022 : Rs. 44760 (Changed: -780)
8NYBOT- Cotton Future: 01-06-2022: July: 2022 : $ 136.06 (Changed : -2.92)

8The ONGC chairman will be retiring going ahead
8Who will be replacing her?

The Indian shipbuilding industry compared to China, for example.
8There are as many as 28 shipyards at less than 0.5% of the global share
8China has over 50% of the market
8Even a big subsidy has failed to motivate the industry
8What are the key reasons why Indian shipbuilding never took off?

8There is a dire warning for those who are looking at long term gas
8If you do not tie-up now, it may be too late

Mecon is an important players in the oil & gas industry
8And there has been a change at the top that the industry needs to take note of

8It is mentioned in this report that GAIL has a pipeline monetization value of Rs 4000 crore
8But how and when to monetize and what to monetize remains a moot point
8Also what is the pooled price that GAIL has set for this month?

A bunch of OSVs and AHTS are needed
8And competition is expected to be very intense

8A business development opportunity is coming up for a non-LNG gas import terminal

With oil and gas prices sky high, there is a lot of buying and selling of Indian E&P assets is taking place
8There is an unlocking of value
8Find out more on what is going on in this space

SSP-Sulphuric Acid & NPK Fertilizer Expansion Project
8Cost: 75 Cr.
8Project Event: The RFQ for the local contractor is likely to be released in Q2 FY 2022-2023. State approval (Concern to establish) has been approved. The environmental clearance has been elicited in September 2019. the project has been delayed due to the impact of Covid
Urea Revamp Project
8Cost:220 Cr.
8Project Event: EPC contractor is likely to be finalized in Q2 FY2022-2023. The company has invited offers from renowned EPC Contractors for further execution of the Project on an EPC basis

Kribhco posts a huge profit
8And it has done a historical first as well

Petrochem sources from Kandla have reported a steep rise in MEK prices.

Anilineprices witnessed a significant fall in the Kandla market.

Cyclohexane prices are demonstrating a massive increase in the Hazira domestic market.

On June 2, 2022, acetonitrile prices were pushed higher in the Kolkata market.