News & Bulletin Updates

Project Name: Kandla Brownfield LPG Import Terminal Expansion Project
8
Project Cost: 730.2Cr 
The project has gone through some active tendering

Project Name: Jodhpur Greenfield LPG Bottling Plant Project
8
Project Cost: 230Cr                                  
Get the full contracting derails here

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The onland rig market has become very competitive
On this tender there were the following bidders
8Quippo
8Deep Industries
8Simplex
8Jay Bee Engineering, one and half years back, son and daughter, two years back
8Om Infra
8John energy
Find out the capacity of the rig, and where is it to be deployed

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8Imports have finally become easier for the E&P sector

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8Two onland rigs are needed for hire

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India, the first global scale hydrogen capacity announced by RIL speaks of going from making fossil-fuel based hydrogen to green hydrogen based on renewable energy
8But the first big step into going straight into green energy has already been taken in Europe, where a steel and a fertilizer producer have joined hands to produce hydrogen using as much as 9.5 GW of solar power
8This is eventually a step change, as both steel and fertilizer producers have committed to pick up the commercial hydrogen produced by the JV
8Financial closure is expected by summer, 2022
8These are rapid technological developments that Indian policy makers and entrepreneurs must keep and eye on even as cost-economics are seemingly uneconomic at this point in time. In India too, there is talk already of using green hydrogen, with the Adanis mulling the possibility of using green energy for a 1 lakh tonne PVC plant. The fact that such a plant is even thought of is one giant step in the right direction

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The government has come out with a green hydrogen policy of sorts
8Will it be enough the fire up capacity creation?
8Also, an entirely new ministry will deal with this segment, creating complications for oil & gas companies

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A growing list of foreign companies are taking advantage of the PLI scheme of the govrnment.
8And there are quite a few options available
8Specialist firms are now doing all the guidance for foreign companies wanting to set up shop

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At least three new fertilizer plants are coming on stream this year
8And between them they will consume a good 6.6 mmscmd of gas, that is equal to three LNG cargoes a month.
8We spoke to people in each of these fertilizer plants to figure out when exactly will they come on stream
8Also, more importantly, what will be their rate of scale up of production, and when will they get to consuming their full 2.4 msmcmd quota each

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8Rama Phosphates has acquired land and capital investment for a new plant
8The Company is planning to commence the production by the end of FY 2023
8Find out more

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Feb 18, 2022: Daily import matrices

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

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8The government has received 10 bids for eight oil and gas blocks it offered in the latest bidding round, with just two bids from the private sector.

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8Oil fell Thursday even as the futures curve continued to signal one of the strongest periods the market has ever seen amid ongoing price volatility.

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8Jayaram Reddy and Hira Bano live on the edge of India’s two largest solar parks - their villages separated by barbed-wire fences and walls from the miles of gleaming blue solar panels.

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On February 18, 2022, unsaturated polyester resin prices moved higher in the Delhi market.

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Caprolactam prices registered a sharp fall in the domestic market of Mumbai.

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On February 18, 2022 Silver N45 neodymium disc magnet prices were reported to be unchanged for Ahmedabad

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Molybdenum prices registered a fall in the domestic market of Delhi.

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Regular butyl rubber grade 1675N prices registered a fall in the rubber market of Delhi.

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Styrene ethylene butylene styrene Grade 503 prices were quoted higher today in the Mumbai market.

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A hike in recycled PP prices was recorded in Mumbai today.

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Trichloromethane prices registered a fall in the domestic market of Delhi.

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High dichloromethane prices were recorded in Delhi today.

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SAP prices were quoted lower in the Mumbai chemical market today.

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A rise in chromium metal prices was noted in the Ahmedabad metal market today.

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N-butyl aldehyde prices have moved higher in the Mumbai market.

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