News & Bulletin Updates

8Aramco has taken the Final Investment Decision (FID) to participate in the development of a major integrated refinery and petrochemical complex in Northeast China
8Huajin Aramco Petrochemical Co. (HAPCO), a joint venture (JV) between Aramco, North Huajin Chemical Industries Group Corp., and Panjin Xincheng Industrial Group, will develop the liquids-to-chemicals complex

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8Researchers from Japan have manufactured a kind of synthetic rubber which possesses identical tensile strength as natural rubber, with implications for the global rubber industry and the possibility of reducing reliance on this important natural material

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8Malaysia's rubber and rubber products exports reached a record high of 71 billion ringgit (about 16.94 billion U.S. dollars) in 2021, increased by 46.3 percent from 48.5 billion ringgit in 2020, as the COVID-19 pandemic spurred the rubber gloves usage, official data showed Friday

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8Synthomer plc has seen a 110% year-on-year jump in earnings to £522 million (€621 million) in 2021, greatly boosted by its performance elastomers business unit

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Chamunda Plastic Pvt Ltd manufactures HDPE/PP pipe fittings and was later manufacturing all types of fittings and valves.
8And business seems to be picking up

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Mar 14, 2022: Rubber prices

8Official settlement prices for rubber in Singapore

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High feedstock prices has hit home now
8An HDPE plant has been shut down
8This information we have received from our petrochemical pricing team

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8Despite pressure from the US, the Chinese will be very keen to invest in the oil & gas, and metals projects that have been left behind by various companies boycotting Russia
8China is also unlikely to give up on its efforts to internationalize the yuan too

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Project Name: Mundra - Panipat Crude Oil Pipeline (IOC)
8Project Cost: Rs 9,028 Cr
8Get an update here on when RFQs are likely

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Project Name: Greenfield LPG Pipeline Project (IOCL)
8Project Cost: Rs 711 Cr
8A lot of work was done on project was eventually shelved, it is an old story but anyways worth revisiting

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Project Name: Dahej-Koyali Refinery Captive Natural Gas Pipeline Project
8Project Cost: 315 Cr   
8Get an update here

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8Find out why Russian LNG will not be impacted much by sanctions imposed by the US

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8Project Name: Hyderabad District City Gas Distribution
8Project Cost: Rs 300 crore

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8Project Name: Vijayawada District City Gas Distribution
8Project Cost: Rs 350 crore

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8As new hydrogen capacity is encouraged, a new policy will look at becoming Atmanirbar

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8One of the largest LNG spot price tender is opening up shortly

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8By how much will the Russian-Ukraine war raise the fertilizer subsidy burden?

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Mar 14, 2022: Shipments Update

8One Phos acid shipment is coming on 19 March 2022
8One Rock phos shipment is coming on 24 March 2022
8One DAP shipment is coming on 14 March 2022
8One Ammonium sulphate shipment is coming on 14 March 2022

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Now that India has firmly embarked on a road to green hydrogen production, it is necessary to look at everything realistically.
8What kind of cost curves are we talking about?
8What are the realistic cost curves?
8And what will be the cost of new hydrogen ferrying pipelines, of building new pipelines or of reconverting new pipelines?
8When is a realistic breakeven point likely with conventional hydrogen production cost?

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Ammonium Nitrate and Nitric Acid Greenfield Project 
8Cost: 1375 Cr.
8Project EventThe project is still waiting for environmental clearance, It is likely to be elicited in April 2022. RFQ for the LSTK contractor is likely to be released in April 2022..

Nano Fertilizer Greenfield Project
8Cost: 119 Cr.
8Project EventA proposal for the environmental clearance is likely to be submitted at the end of March 2022. RFQ for the LSTK contractor is likely to be released in Q1 FY 2022-2023. The company has hired EQMS India Pvt. Ltd for environmental clearance, the proposal for the term of reference has been granted in Feb 2021. The final preparation of the EIA report is still ongoing.

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8Is it better that a disposable face mask ends up in the ocean or the atmosphere? An international team of researchers have figured out how to convert face masks into oil fuel, and they say that this is a less environmentally damaging way to dispose of them.

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8Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III bid round, will begin on April 1 and close on May 16, according to the DGH. 

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8Continued hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $95-$125 per barrel in the short to medium term.

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8Seventy fertilizer dealers were booked on the charge of profiteering in the division during the last two months. Chairing a meeting here on Sunday, Commissioner Zahid Hussain said that 45 shops of fertilizer dealers were sealed and a fine of Rs 4.75 million was imposed on them.

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8The war in Ukraine is a tragedy that must be stopped or there will be a global food crisis, as fertilizer prices worldwide are already too high for many farmers, Russia’s coal and fertilizer king Andrei Melnichenko said on Monday.

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