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8India's largest oil firm IOC will set up 'green hydrogen' plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units as it sees the just announced green hydrogen policy as a watershed moment in the country's energy transition that will help cut costs. SSV Ramakumar, Director for Research and Development at Indian Oil Corporation (IOC), says the new policy will help cut the cost of manufacturing green hydrogen by 40-50 per cent.

8The UAE, OPEC's third biggest crude producer, said it is committed to meeting India's energy demand as the growing oil consumer seeks to secure supplies with prices surging to near $100/b.

8India's crude oil imports in January slipped from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases.

8Prime Minister Narendra Modi on Saturday announced that the central government has set an aim to convert mountains of garbage into green zones within three years.

8Indian refineries' profitability is dependent on cost recovery via an increase in the retail prices, said India Ratings and Research (Ind-Ra).

On February 21, 2022, Petrochem sources confirmed that styrene monomer prices had slipped in the Ahmedabad market.

On February 21, 2022, benzyl alcohol prices fell in the domestic market of Ahmedabad. 

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

Prices for light soda ash have decreased in Mumbai.

High dichloromethane prices were recorded in Delhi today.

Tetrachloroethylene prices have moved lower in the Ahmedabad market.

On February 21, 2022, the Delhi market witnessed a rise in gold prices.

Petrochem sources in Ahmedabad have reported that the silver N45 neodymium disc magnet prices have remained unchanged in Ahmedabad.

On February 21, 2022, lauric acid prices moved higher in the Delhi market.

On February 21, 2022, phthalic anhydride prices moved higher in the Delhi market.

Market sources reported a reduction in butyl acetate prices in Kandla today.

Cyclohexanone prices have escalated in the Kolkata market, today.

On February 21, 2022, Petrochem sources reported a fall in MEG prices in the Mumbai market.

A rise in chrome oxide prices was noted in the metal market of Delhi.

A fall in silica sand prices was recorded today in the Ahmedabad metal market.

Chloroprene rubber grade Y30 prices registered a fall in the rubber market of Ahmedabad.

EPDM grade 6405 prices registered a fall in the rubber market of Mumbai. 

Petrochem sources reported a significant fall in zinc oxide prices in the Delhi chemical market.

Acetonitrile prices were quoted lower in the Ahmedabad chemical market today.