News & Bulletin Updates

A series of Formaldehyde capacity expansions are taking place
8One is from 15 to 100 TPD
8One is a 150 TPD facility
8In all, there are as many as 7 new facilities coming up

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8Two  business development opportunities can come up for contractors for bulk drug and intermediates for contractors
8Find out where these opportunities are

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8After declining for two months, May saw an upswing in chemical production
8Find out more

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Incorporated in the year 1982, Panama Petrochem Limited (PPL) is engaged in the business of manufacturing of petroleum derivative products which find application in industries such as cosmetics & pharmaceuticals, Inks/Coatings, textiles, automobile, power, engineering, and rubber.
8The company's operating income has gone up by as much as 44% last year to everyone's surprise
8The improvement in performance is driven by supply imbalances in the industry owing to import restrictions imposed due to CoVID -19 thus, diverting demand to domestic players, further several cost reduction measures adopted by the company to rationalize cost and lower raw material prices aided margins

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8Asia's LPG prices rallied to almost seven-year highs in the week of July 5, on strong US markets, a healthy light distillates complex and steady Asian demand
8But end users are clearly unhappy

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8Find out what this battle is all about
8Both countries are investing heavily
8And they are highly competitive
8Also, there is an independent analysis on the challenges of creating a global hydrogen market

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8This may set a precedent from here on
8A $1 billion arbitration award to this oil major is not being honoured by the Indian government
8So the company going about freezing Indian government assets globally

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8The Indian specialty chemicals sector surprised positively with better-than-expected revenue growth across companies due to strong demand traction across segments
8However, a sharp jump in input cost and removal of export incentive scheme (MEIS) led to a loss in gross margin and OPM
8The companies are in talks with the government for an alternative to export incentive scheme which would normalise the margins going forward

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Triveni Turbine Ltd (TTL) is the domestic market leader in steam turbines up to 30 MW. The company designs and manufactures steam turbines up to 100 MW, and delivers robust, reliable and efficient end-to-end solutions.
8The company supplies turbines to the chemical and petrochemical industry too
8Find out how it is doing

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8First indications are being given out by the government on what the Ministry of Cooperation under Amit Shah wants to do
8And they sound positive

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8Mansukh Mandaviya showed a lot of grace recently when be caught up with his former senior colleague in the ministry

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8Shri Bhagwanth Khuba took over as the Minister of State in the Ministry of Chemicals and Fertilisers

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8Yara is now a benchmark for the best operating model for a global fertilizer company
8The company is getting into green ammonia quicker than others
8Find out more

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The refinery segment will go through major upheavals going ahead, according to fresh data
8Margins are likely to stay lower for longer, going up from the lows of 2020 (because of COVID) only to begin declining rapidly thereafter till the year 2035
8This makes for interesting reading

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8Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.

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8Electric vehicles are not a threat for CGD companies
8Not for a long time

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8Energy Saving-cum- Ammonia-Urea Expansion Project
8Cost - Rs 540 crore
Project Event: Critical equipment purchase has been completed, all the equipment has reached site, 50 % of construction work has been completed. The project is likely to be commissioned in December 2021. 
8Single/Triple Super Phosphate Greenfield Project
8Cost - Rs 25 crore
8Project Event: The studies are still ongoing, the proposal for the environmental clearance is likely to be submitted in August in place of May 2021 due to the second wave of Covid-19. RFQ for the local contractor is likely to be released in September 2021

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8Around 6 million tonnes of crude imports coming up
8Reliance has lined up roughly 1.5 MMTPA of crude imports into India in the coming days

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LNG cargoes in the next few days are slated to come in from the following terminals:
8Ras Laffan
8Ingleside
8Punta Europa
8Mugardos

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8The website carries the matrix for fertilizer imports in the days ahead
8Know where the material is coming from and who is getting it to India

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8Kandla is the biggest handler of chemical cargoes
8Currently around two lakh tonnes of cargoes are getting processed or are about to be processed

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8Many base oil imports are taking place at quite a few ports
8Check out what the volumes are

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8A paraxylene cargo is being imported by MCPI
8The cargo is being sourced from Sohar

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8A chemical cargo is coming from Ma Ta Phut
8Find out the landing port

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8Hazira is handling a cargo of monoethylene
8Around 16000 tonnes is the cargo weight

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