8ASM Polymers will hold a meeting of the Board of Directors on 26th May 2022 to consider and approve the audited financial results of the company

8Vinyl Chemicals India reported a net profit of Rs 34.82 crores for the year ended 31st March 2022 compared to Rs 11.33 crores for the year ended 31st March 2021

8Manali Petrochemicals will hold a meeting of the Board of Directors on 24th May 2022 to consider and approve the audited financial results of the company

8MRF reported a net profit of Rs 662 crores this year compared to Rs 1216 crores last year

8Recycled plastics are gathering steam: more than 80 global CPG, packaging, and retail companies have made public commitments to reach recycled content in their packaging between 15 to 50 percent by 2025.
8Find out more on how the regulatory environment is changing too globally, get country-wise details

8Virgo Polymers will hold a meeting of the Board of Directors on 30th May 2022 to consider and approve the audited financial results of the company

8Get the latest rubber prices in Singapore

8The government is keen to push through more E&P reforms
8And a spate of decisions is likely soon

The set of proposal for raising oil & gas production did not elicit a good reaction from one segment of the industry.
8In fact there is resent and opposition, and this could derail the process

The PNGRB is a good place for many retiring executives to park themselves in as board members.
8There is a lot of benefits, a statutory umbrella and high-impact decision making
8There is no doubt therefore there are a lot of aspirants

Ammonium Nitrate Melt Greenfield Project
8Cost: 88 Cr.
8Project Event: The procurement work is ongoing for the equipment. L&T Hydrocarbon Engineering Ltd is the LSTK contractor, and the scope of work is Process license, Supply of Basic Design., Detailed Engineering, HAZOP Studies, and implementation of its recommendation, Procurement, and Supply of all equipment, Construction is likely to be started in Q2 FY 2022-2023.
Sulphuric acid Greenfield project
8Cost: 400 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released at the end of June 2022, due to a delay in internal discussion. The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions)

Rs 2500 crore multipurpose greenfield hydroelectric project
8EIA and EMP studies for this same project were completed but SIA studies are in progress.
8RFQ for the EPC package for the main plant works is likely to be floated in Q3 2022.
This is a thermal power plant, and the EPC contractor along with sub-contractors has carried out erection works of the SG, ESP, and TG of a super-critical extension project on the existing site
8Erection and installation of mechanical equipment of CHP are in progress and civil, and architectural works of AHP are in progress and it is in the advanced stage for completion.
8RFQ for the limestone and gypsum handling system package is likely to float in June 2022.
Rs 5000 crore hydel project
8RFQ for the EOT crane package is likely to be floated in July 2022.
132 kV D/C Transmission Line
8Cost: Rs 90 crore
8RFQ for the 132 kV P/S package is likely to be floated in June 2022.
Get in touch with us for more on these projects

8The PNGRB with its quorum in place is now a beehive for litigating parties

This company seems to be facing serious problems with its offshore output
8And clients are angry

8ONGC offshore rig tender has the usual contenders

8There is no confirmation yet on how much urea India is going to import through the RCF tender

Niti Aayog is pushing through a package for the E&P sector
8But that can put user industries like fertilizers under pressure

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8One Sulphuric acid shipment is coming on 23 May 2022
8Two Rock phos shipment is coming on 25 & 29 May 2022

8Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.

8The Union Cabinet on Wednesday approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26 as well as allowing more feedstocks for the production of biofuels in a bid to cut reliance on imported oil for meeting the country's energy needs.

8Gautam Aani and Mukesh /ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

8While Europeans bask in the warmth of spring, governments are in a race against winter. Europe is trying to cut use of Russian natural gas because of the war in Ukraine, but still find enough fuel to keep the lights on and homes warm before it gets cold again

8Coming to the help of its neighbours, India will export 1.7 lakh tonnes of urea and Diammonium Phosphate during this year to Nepal and will also supply 65,000 tonnes of urea to Sri Lanka under the existing $1 billion Indian line of credit,

8Rise in demand for organic fertilizers, surge in support from the government, and increase in number of favorable policies drive the growth of the India PROM market.