News & Bulletin Updates

8Lummus Technology announced that Shandong Yulong Petrochemical Co. Ltd, a subsidiary of China's Nanshan Group, has selected its CDAlky technology for use in a new 400 KTA alkylation unit

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8ICY is a leading rPET producer in the Czech Republic

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8BASF Venture Capital GmbH (BVC) and Orbia Ventures announced their Series-B investment in the Israeli biotech startup FortePhest. Founded in 2017, FortePhest is developing a new technology to combat herbicide-resistant weeds and invasive plants

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8Chemical storehouses are unsafe in India there is no doubt about it
8But in Bangladesh, it is much worse

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8Reynolds Consumer Products, Lake Forest, Illinois, and Dow, Midland, Michigan, have announced the Hefty Energy Bag program is collaborating with ByFusion, a plastics recycling manufacturer in Gardena, California
8The three will work on a pilot project to create new uses for hard-to-recycle plastic scrap collected by local participants in Ada County, Idaho

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8Solvay has announced the agreement with a Chinese manufacturer

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8The growth has slowed from 6% in 2021

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8The two companies are now in a pact for growing the availability of sustainable aviation fuel

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Feb 21, 2022: Rubber prices

8Get the latest rubber prices in Singapore

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Petrochem sources reported a significant fall in PS sheet prices in the Delhi market.

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On February 21, 2022,22% nickel sulfate prices moved higher in the Ahmedabad market.

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Diethanolamine prices are improving in the Mumbai chemical market.

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Titanium wire prices were quoted higher in the Ahmedabad metal market.

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8Get today's cotton prices here

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

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8We are carrying here a weekly EPDM market report
8Find out what kind of prices are projected going ahead

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8The website carries here a weekly outlook on caprolactam prices
8Find out what our analysts are saying about how prices will behave till next week

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

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It looks like coal gasification projects are not possible without viability support from the government.
8This is what one promoter has figured out

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By how much is domestic gas expected to up from the current level of $2.9/mmbtu
8How much will it go up in H-1 FY23 and H2 FY23?

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There are a total of 10,000 MSMs registered with this public sector oil company
8Get the full list here

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8Project Name: Kozhikode & Wayanad District City Gas Distribution
8Project Cost: Rs 300 crore

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

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Project Name: Sitarganj Greenfield LPG Bottling plant project
8
Project Cost: 161 Cr.                                  
8Project Description: Indian Oil Corporation Limited is constructing a new LPG bottling facility in a 30 acres of land at Sitarganj, Uttarakhand, with 120TMTPA capacity bottling plant (Storage Capacity-1800 MT) to cater the LPG gas market demand in Udham Singh Nagar and its neighboring districts.
Project Name: Augmentation of Brownfield POL Terminal at Raipur
8
Project Cost: 456 Cr.                                  
8Project Description: HPCL is initiating to augment the existing facilities and constructing a new 400 KL ethanol tank at Raipur depot in the state of Chhattisgarh
 
Project Name: Koyali-Ahmednagar-Solapur Product Pipeline Expansion Project
8
Project Cost: 1945 Cr.                                  
8Project Description: Expansion of IOCL’s Koyali - Ahmednagar petroleum product pipeline up to Solapur with a capacity of 5 MMTPA is currently ongoing
Project Name: Srikakulam - Angul Greenfield Natural Gas Pipeline (SAPL)
8
Project Cost: 2659 Cr
This a part of Urja Ganga Project which is under construction since Q2: 2021. Know more on what progress has been made

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Nano Fertilizer Greenfield Project
8Cost: 225 Cr.
8Project EventThe studies are still ongoing, The project is also waiting for environmental clearance, RFQ for the LSTK contractor is likely to be released in April 2022. 

DAP Expansion Project 

8Cost: 20 Cr.
8Project EventThe environmental clearance is still under process which is likely to be elicited in March 2022. RFQ for the LSTK contractor is likely to be released in Q1 FY 2022

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