8NFIL reported an 18% increase in high-value businesses with 61% of their total FY22 revenue contributions coming from high-value businesses

8Mitsu Chemplast Ltd’s impressive aesthetics, robust design and durability have led to rapid growth in this niche business section

8H.I.G. Capital, a leading global alternative investment firm with over $49 billion of equity capital under management has announced that it has signed an agreement to sell its portfolio company Valtris Specialty Chemicals to an affiliate of funds managed by SK Capital Partners

8Chemical firm LyondellBasell says that a Chinese company will use its Lupotech T high-pressure PE technology at a new facility

8German chemical firm BASF and Sinopec’s 50:50 joint venture BASF-YPC Co. is expanding in Nanjing including new capacities of several downstream chemical plants and a new tert-butyl acrylate plant, to serve the growing demand from various industries in the Chinese market

8The capacity increase is planned at two manufacturing sites in Thailand, and the start of operation is scheduled for 1Q 2025

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