Prices for ABS (MIF45) in the Delhi polymer market were quoted high today

On September 2, 2021 the Mumbai polymer market saw a rise in imported acrylic prices

ABS (HI121H) IM prices were assessed lower today in the domestic market of Delhi

Imported POM prices in the Delhi market remained stable in spite of demand being low

What has been the progress of work by Tata Projects in the Barmer refinery project?
8Why is the company facing a fund squeeze?

8It looks like Fugro has got the mandate to do a consultancy for a brand new LNG terminal with an FSRU.
Find out more

Convergence Chemicals Private Ltd is a wholly owned subsidiary of Piramal Pharma Ltd.
8The company manufactures speciality fluorochemicals from its facility at Dahej with an installed production capacity of 500 metric tonnes per annum (MTPA)
8The company ramped up its average capacity utilisation to 104% in FY2021 from 90% in FY2020, after overcoming the teething issues faced till FY2019
8And it seems to have excellent financials

8The capacity utilisation of the company had improved to ~90% on an average during FY2021 (86% during FY2020), despite lower utilisation of ~62% in Q1 FY2021 due to the closure of the plant owning to the Covid-19 led lockdown. The improvement in the utilisation levels is driven by increased feedstock availability with commencement of the Hazira Dahej pipeline in December 2019.
8Going forward, capacity utilisation is expected to remain healthy given the stabilisation of operations and healthy demand. Further, tolling margins have improved in FY2021, mainly because of moderation in feedstock cost (mainly naphtha) resulting in improvement in high-density polyethylene-naphtha (HDPE-naphtha) spreads.
8Going forward, the tolling margins are expected to moderate, due to the increasing feedstock (naphtha) prices, even as output prices remain stable with re-opening of petrochemical plants globally. Moreover, the expected savings through exit of OPaL from the special economic zone (SEZ) in the near term is expected to improve its operating performance.

8Get the weekly Asian petrochemical price update here
8Along with comparisons across weeks earlier

8The printing ink industry has also been severely affected, as transport costs and the costs of pigments (including titanium dioxide) and petrochemical raw materials such as resins and solvents have continued to rise massively over the course of the year

8KBR has been awarded a contract for plastics recycling project
8Meanwhile, HaldorTopse has been able to grab a project involving renewable diesel
8Further, LyondellBasell has been selected as a technology licensor for a polypropylene plant

8A foreign government has put in motion a well funded attempt that will enable key actors in selected developing countries and emerging economies to identify and tap climate mitigation potentials in chemical production and associated value chains
8As an Indian company, can you join hands?

8SRF has been able to get its production going in Gujarat
8This was after it was able to get a go-ahead after a ban imposed by the GPCB

8We are carrying here our weekly outlook for dioctyl phthalate
8Find out our weekly analysis, price charts and projections on dioctyl phthalate price movements

8The website carries here our weekly outlook for MEG
8Find out how prices are going to behave ahead

8Find out our weekly analysis, price charts and projections on C10 price movements for the coming week

8Get a complete roundup of petrochemical price movement today, across all products and all markets
8Find out which prices have changed

8Get a complete roundup of chemical price movement today, across all products and all markets
8Find out which prices have changed

8A new boss in EIL takes charge
8And EIL is now likely to embark on some crucial changes, some already evident

Even as Vartika Sukhla takes charge, this is one EPCM project where the company got the pricing all wrong today
8Its quote was 2.6 times that of the L-1 bidder
8Then in another EPCM bid, EIL's performance is even worse.
8The new CMD will need to get the pricing right, both for EPCM and future EPC projects, because establishment cost of EIL is higher than its more agile private sector counterparts.
8But, given a nationalistic government in power, will she be able to grab some projects on a nomination basis?

8A $24 million well completion job was just awarded
8But the bidder had to fight hard to get it

In the Discovered Small Fields round, a big headache could well be the availability of processing facilities for the oil and gas produced.
8Any spare processing capacity available with OIL or ONGC is subject to adequacy check study of future loads at the existing facilities
8The problem could well be that low production will not justify setting up facilities on one's own, or what is produced will have to ferried further out for processing
8Investors must take note

An E&P operation does a lot of environmental damage and once a field comes to the end of its life, a money from a Site Restoration Fund (SRF) is utilized to restore the site to its original health
8But the law has been lax so far
8The government has decided to tighten it now

8EIL and IOCL are jointly licensing a refinery process technology

Get the latest project updates on the following fertilizer projects
Nano Fertilizer Greenfield Project
8Cost - Rs 119 crore
8LSTK contractor RFQ in Q3, 2021-22
DAP Greenfield Project
8Cost - Rs 200 crore
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted in September 2021. The company has applied for the loan, It is likely to be elicited in October 2021. RFQ for the EPC contractor is likely to be released in November 2021