News & Bulletin Updates

8Ineos Styrolution’s NAS Eco and Luran Eco product ranges have a carbon footprint reduction of 77% and 99% compared to fossil-based styrenics

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8Abu Dhabi Polymers Co. Ltd. (Borouge) has commissioned the partnership’s fifth polypropylene plant at Borouge’s integrated polyolefins complex in Ruwais, about 250 km west of Abu Dhabi City, UAE

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8Two major companies have joined hands to produce hydrogen by pyrolyzing methane through the use of microwaves

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8The Rubber Industry Smallholders Development Authority, or Risda, wants member countries of the International Tripartite Rubber Council (ITRC) — Thailand, Indonesia, and Malaysia — to come to an agreement on fixing the price of the commodity

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8Japan’s rubber futures inched higher last week and posted their fourth straight weekly jump, as Asian stocks rose and oil prices extended sharp gains after Russia invaded Ukraine
8Sustained strength in raw material prices from top natural rubber producer Thailand also lent support

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A revision in PE prices has been announced by Reliance Industries Ltd.

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New PET resin prices are announced by Chiripal.

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Dhunseri Petrochem (ASPET) has come up with revised PET prices.

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PET resin prices have been raised by JBF Industries Ltd.

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A roll over in PS prices has been announced by Supreme Petrochem Ltd.

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PP prices are raised By Reliance Industries Ltd.

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It looks like some oil & gas companies did not do very well due to COIVD
8One is an E&P equipment manufacturer
8The other is a parallel marketer

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The massive expansion of pipeline capacity by India, the second largest after China, may end up as stranded assets.
8And this can happen far more quickly than anticipated

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At $100, what kind of losses are oil companies incurring since retail prices are not allowed to be raised?
8Also, how can these losses be mitigated now, once state elections are over?

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8India, the world's third largest energy importing and consuming nation, on Saturday said it is closely monitoring the global energy markets to track any supply disruptions following the Russia-Ukraine conflict, and will support release of oil from strategic storages to cool prices.

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8PSU major Indian Oil Corp (IOC) is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030 to meet the growing demand in the region.

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8Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing ties with Moscow are forcing them to strike a balance.

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8New director takes over at IOC

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Dabhol LNG terminal is owned by Konkan LNG Ltd, in which GAIL has 91% stake.
8A different story is now emerging on when it can become a round-the-clock facility

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There are a few active gas sale and gas purchase opportunities in India
8There are two in which the last dates for bidding have been notified
8Then there is a tender for LNG purchase also

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Feb 28, 2022: LNG offtake down

8Last month, LNG offtake was down but the gap was made up with a rise in domestic output

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Feb 28, 2022: MOP tender out

8Rashtriya Chemicals & Fertilizer Ltd had released a NIT for the supply of Muriate of Potash
8The closing date for the tender is 8th of March 2022

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Feb 28, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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8A bankruptcy court order approving Haldia Petrochemicals' proposal to acquire Coastal Oil & Gas Infrastructure Pvt Ltd at just Rs 1 crore above the liquidation value has again brought to the fore the concerns raised by a Mumbai tribunal, which had questioned the confidentiality of valuation reports in the Videocon resolution case. Purnendu Chatterjee-promoted Haldia Petrochemicals’ proposal is also just 3% of the admitted claims of Coastal Oil.

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8Asian refiners that regularly purchase Black Sea crude oil said shipments of Russian Urals and Kazakhstan's CPC Blend for delivery in March and April have not been affected by Russia's military operation in Ukraine, but the companies said they would reassess logistical risks in the Black Sea route.

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