Sudarshan Chemicals is launching multiple products in the second half of FY22 fiscal
8It expects to do a capex of Rs120 crore by the end of Q2 while balance capex of Rs180-200 crore would be done by Q3FY22
8What is even better is that stock market analysts have taken out a buy rating on the scrip

8The Indo-American Chamber of Commerce is organizing a meeting on the chemical sector
8The emphasis is on emerging trends, business opportunities and new technological updates
Read to join in

8An India organized meeting to be chaired by Mr Kenneth First, CCPS Staff Consultant and Lecturer at University of 8Michigan will be held virtually on avoiding accidents in chemical plants.
8Over the past few years Ken has developed various Process Safety training workshops and spreadsheet tools to assist study teams to be more productive
8Find out on how to attend

8There is a big upsurge in the sulphur market
8This has implications for India

VAM prices moved higher today in the Kolkata chemical market.

Aniline climbed higher in Ahmedabad today.

Shell has mediated an entire LNG cargo for Torrent yesterday at is captive terminal at Hazira
8The cargo of 130276 cubic meters had come in for Bonny.
8The fact that Torrent is bringing in a cargo under the current high price regime to run its gas-based power plants has raised eyebrows in the industry

On August 19, 2021, Petrochem sources confirmed that MTO prices had risen in the Ahmedabad market.

1.38 million MT of crude oil was offloaded all over India in the last 3 days
 8Two shipments totalling 556k MT were unloaded and received by RIL at Sikka on the 17th of August
 8Nayara Energy’s 150k MT & 134k MT consignments were set down at Vadinar on18th and 16th August, respectively
 8A 135k MT cargo was unlaid and received by HPCL at Mumbai port on 18th August
 8MRPL unloaded an 89k MT shipment at their Mangalore port on 18th August
 8IOCL’s 60k MT consignment was offloaded at Paradip on 17th August
 8A 260k MT cargo coming from Ras Tanura was set down at Cochin and received by BPCL on 16th August

Butyl acrylate monomer prices are slowly increasing in the Mumbai market.

8What is the crew change status in different Indian ports?
8A comprehensive report on crew change status is given here

8Get an update of all daily tanker movements into India
8Also get a similar break-up of dry and bulk vessels

8Our website carries the latest ammonia imports as of today evening
8Find the ports where the shipments will be delivered

Large quantities of lpg coming in for IOCL
The shipments are coming in from:
8Ras Tanura
8Yanbu
8Ras Laffan
8Saudi Arabia

The industrial cluster of Morbi is facing a massive hike in gas prices
8And companies in the cluster claim that the price rise will hit their margins badly as a COVID hit market would mean that they may not be able to pass on the price rise entirely to end consumers
Find out by how much is the supplier planning to raise prices

A clear winner for the purchase of rotary steerable systems and mud engineering against a tender by an E&P major was Halliburton in this case
8But find out why it will however not end up winning the tender, and instead the LOI will go the L-2 biller

8Oil India Ltd (OIL) has taken a surprise decision on the purchase of 2000-tonne onland rigs
Know more

8Megha Engineering is going through the process of vendor selection for the raft of downstream projects that it has acquired recently as a new bidder
8Find out what the experience has been of some of the bidders in dealing with the Megha team

NR Patel and Co is the EPC contractor for the grass root terminal at Malkapur
8But commissioning timelines next year will be delayed further
Find out whether business opportunities are available in this project

A ranking of key production parameters for E&P blocks based on latest data has been carried out
Among the blocks which rank on the top five are
8Tripura asset ONGC
8Lohar field of Selan
8ONGC's Cambay asset
8Kharijisan of Selan
8CB-ONN-2004/1 of ONGC
Get the full ranking of all blocks here

A new breed of  floating storage regasification units (FSRUs) are coming into play now, that will make shore-based terminals look much more expensive
8Fuel consumption and CO emissions of new generation FSRUs can be reduced by 50 per cent at maximum rated regas flow rate compared to conventional existing FSRUs, a new demonstration test found

8An on-site LPG extraction unit is getting set up in an E&P complex

8There has been shipments of blue ammonia
8And there has also been a shipment of carbon-neutral LNG cargo
8And lots of companies are now eyeing hydrogen and ammonia plants

8Even as AG&P keeps on Karaikal LNG project on hold, it seems to be aggressive in setting up such units elsewhere

The fertilizer industry is the biggest consumer of gas in India.
8Each ammonia-urea unit consumes a whopping 2.4 mmscmd of gas, equal to one cargo of LNG per month.
8Gas accounts for 70% of the cost of fertilizers and 90% of the variable cost
8The pool price of fertilizers has gone up by as much as Rs 189/mmbtu over the last six months
8This translates into an increase in cost of production of urea by Rs.4400 per MT. For domestic urea industry, not only the prices of imported gas have gone up, but heavy taxation has further pushed up the delivered cost of gas
Read to understand the woes of the fertilizer industry