8German speciality chemicals firm Evonik says it is embarking on the next phase of its strategic transformation. In line with this, it will exit the performance materials business as it focuses on the specialities portfolio

8Chemical firm Ineos has awarded Técnicas Reunidas a contract for the project management, engineering, procurement and construction management and supervision services for a world scale ethylene plant in Europe

8Heraeus Holding GmbH, a Fortune 500 corporation, stated that it has invested significant stock in a PET recycling firm situated in Germany

8LyondellBasell is the only producer to announce a June price increase

8The Central Bank of Egypt had issued a new guideline mandating importers to use letters of credit instead of cash-against-documents. The move was to guarantee import operations by covering risks associated with issuing letters of credit from banks
8However, as per a recent Egyptian Government directive, production inputs and raw materials will be exempt from the L/C route which was announced in February 2022. Raw materials to be exempted from new importation measures

8Austrian petrochemical producer Borealis has announced a joint venture with Extended Producer Responsibility (EPR) specialist Reclay Group to develop sorting and recycling systems for plastic lightweight packaging waste, as demand rises for recycled plastic that is suitable for high-end applications

8A new service covering its global Technyl nylon 6 and 66 portfolio has been launched by Belgium’s Domo Engineered Materials. It comprises frequent updates of its injection moulding simulation database for Autodesk Moldflow

8Get the latest rubber prices in Singapore

8The oil & gas head of an EPC company quits

Adani Welspun Exploration Ltd has four exploration blocks
8What is the latest status?

This director HR's job was keenly contested
8But a final winner had emerged

8There is expected to be a rise in trading volumes of domestic gas
Find out more

There is clear sign of a decline in LNG intake
8And spot LNG is what is getting hit
Know more on how it is impacting companies higher up on the value chain

8An offshore seismic tender is coming up

Clearly high prices have adversely impacted gas consumption by Torrent Power's gas-based power plants.
8Gas is so expensive that they cannot figure in the merit order system
Find out the company's LNG procurement plans in light of new realities

8What is the status on paper of the Kukrahati Greenfield FSU/FSRU LNG terminal project?

8Meanwhile, what is the status of the status of the Kukrahati- Itinda greenfield natural gas pipeline project?

8Our analysts have taken out some information on the progress of the ONGC Pipeline Replacement Project (PRP-7)

8Indian shipping is being presented with one of the biggest opportunities ever for a fleet expansion

Tecnimont may be the L-2 bidder in this project
8But it global office is celebrating its own over Technip on this one

8Project Name: Lucknow District City Gas Distribution
8Project Cost: Rs 300 crore
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NPK Fertilizer Expansion Project
8Cost: 190 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released in Q2 FY 2022-2023, due to a delay in the internal discussion.
NPK Fertilizer Greenfield Project
8Cost: 1517 Cr.
8Project Event: The project is still on hold, due to an internal matter of the company. The project is likely to be active in Q2 FY 2022-2023. All the procurement work will likely start in Q2 FY 2022-2023

What is the latest on ammonia prices?
8Why are they dropping?

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8One Ammonia shipment is coming on 20 May 2022
8One Sulphuric acid shipment is coming on 20 May 2022