On March 17, 2022, Petrochem sources confirmed that formaldehyde prices have increased in the Ahmedabad market.

A significant drop in BGE was noticed today at Kandla.

On March 17, 2022, Petrochem sources reported a fall in C9 solvent prices in Mumbai.

An increase in cyclohexane prices has been noted in Kolkata today.

Acetonitrile prices witnessed a huge fall in the Mumbai market.

A robust demand has lifted acrylonitrile prices in the Ahmedabad market.

Acetic acid prices witnessed a fall in the Mumbai market.

Phthalic anhydride prices in the Kolkata market have registered a fall today.

On March17, 2022, the Mumbai market witnessed a rise in aniline prices.

On March 17, 2022, Petrochem sources reported a fall in acetone prices at the Kandla port.

Phthalic anhydride prices registered a fall in the imported market of Mumbai. 

Domestic market sources have reported a rise in Kandla’s MIBK prices today.

A significant fall in VAM prices was noticed in Mumbai today.

It looks like India is looking at all kinds of feedstock to produce chemicals and petrochemcials
8Gas is one
8Green energy is another
8And coal too as emerged as a competitive fuel
8And new concepts and busienss models are at play, all of which lead to additional business opportunities for PMC/EPC and vendor community
8The downstream chemical and petrochemical industry seems to be very active as of now

After the oil marketing company led ethanol projects did not get off the ground due to technical and financial viability issues, a new crop is coming up
8But there is scepticism about their success, as they are moving straight from pilot phase to expensive large scale plants

There is an augmentation work going on for the Chennai-Trichy-Madurai Product Pipeline Project (IOCL)
8The cost of the project is Rs 28 Cr 
When is the completion date

8Project Name: Rewa District City Gas Distribution
8Project Cost: Rs  200 crore

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

Phosphoric acid Expansion Project
8Cost: 130 Crore
8Project Event: 50 % of construction work has been completed, the installation of dryer unit is ongoing. Commissioning is likely to be completed in December 2022.
Phosphoric acid Expansion Project
8Cost:  500 Crore
8Project Event: The construction is likely to be started in Q1 FY 2022-2023 in place of December 2022 due to delay in the procurement. The company has awarded a contract to ThyssenKrupp Industrial Solutions for the expansion of its phosphoric acid plant in Paradeep, Odisha. The plant is based on the di-hydrate technology from Prayon Technologies of Belgium. ThyssenKrupp Industrial Solutions will provide engineering and technical procurement services

8Find out more on what is happening with rock phosphate prices

Get the daily updates for
8Chemicals
8Crude
8LNG
8Weekly Fertilizers
8LPG
8Ammonia

8After staying above USD 100 per barrel for two weeks, international oil prices fell to USD 99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material.

8Global economies have not much time to pick their way through the COVID-19 crisis when they got hit by another – the Russia-Ukraine conflict and the various levels of fallout from it.

8India will issue at least Rs 24,000 crore ($3.3 billion) in sovereign green bonds as the country marks a shift towards a low-carbon economy, according to officials with knowledge of the matter.

8India is exploring options for buying Russian crude oil, authorities said Tuesday, with prices there plunging to record lows in the wake of a global backlash to the Ukraine conflict.