News & Bulletin Updates

The IGX has posted impressive volumes right at a time when the LNG market is at an all-time high.
8Clearly, higher import prices helped the exchange discover lower prices at the exchange at rates tantalizing lower than LNG prices.
8The government too decided to play ball by lowering its guard, allowing up to 10 per cent of domestic production to be sold outside of the price cap.
8But the exchange is still a long time away from becoming a true price discovery hub

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8This public sector refiner has built a Superabsorbent Polymer technology (SAP) demonstration plant of 200 tonne per annum at the Kochi Refinery
8Using the in-house acrylic acid as feedstock, SAP Technology is used in various hygiene products such as diapers and other incontinence products

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8Recent growth figures have been positive, but the easy period following economic reopening has now passed, and the development of a new Covid wave threatens both growth and India's sovereign ratings

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8Project Name: Anand District (except areas already authorized) City Gas Distribution
8Project Cost: Rs 350 crore

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DAP/NPK /Phosphoric acid Greenfield Project 
8Cost
: 500 Cr.
8Project Event
The project is under the process of environmental clearance, Public hearing is likely to be started at the end of February 2022, RFQ for the LSTK contractor for the DAP/NPK plant is likely to be released in Q1 FY 2022.
DAP Greenfield Project
8Cost
: 200 Cr.
8Project Event:
The proposal for the term of references has been accepted and studies are still ongoing. The company has applied for a loan, which is still under process. RFQ for the LSTK contractor is likely to be released in February 2022

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8There were quite a few bidders for this 10 MW hydrogen electrolyser plant. The bidding closed yesterday
8And this means green hydrogen technology market has a good portfolio of sellers
Find out how this project is directly related to the manufacture of urea

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Where exactly will the green hydrogen that will be produced from the 10 MW plant be deployed?
8If all goes well, it can surely usher in a revolution of yet another kind in the fertilizer industry

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Jan 12, 2022: Megha is everywhere

Megha Engineering and Infrastructure is literally everywhere in the oil & gas and related spectrum of projects.
8Clearly the company has sky-high ambition

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8Digitization of a new fertilizer plant in India
8This multinational technology supplier does a deal in India
8Know more

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IFFCO's Nano fertilizers is everywhere now
 8Through a huge publicity blitz

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8Oil prices jumped more than 3% on Tuesday afternoon in the runup to the much-watched API crude oil inventory data report as doubts continue to be raised about OPEC’s ability to respond to an increase in demand.

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C9 Solvent prices are slowly increasing in the Kolkata market.

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8Abu Dhabi National Oil Co., or ADNOC, announced acceptances of February-loading term LPG cargoes with most lifters getting nominated dates without cuts or advanced dates, though at least one trader said they received one-two day delays to their nomination date, trade sources said Jan. 11.

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On January 12, 2022, Petrochem sources confirmed that styrene monomer prices have sharply fallen in Chennai.

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8Fertilisers shares closed higher in the Tuesday's session.

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TDI prices witnessed a fall in the Mumbai market.

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On January 12, 2022, Petrochem sources confirmed that cyclohexanone prices had increased in the Kandla port.

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Steady buying conditions have lifted isophthalic acid prices in the Mumbai chemical market.

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On January 12, 2021, Polymeric MDI prices were pushed higher in the Mumbai market.

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Pure Polyester Yarn Grade T21S remained low in Delhi today.

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Prices for EPDM grade 4640 have fallen in Mumbai.

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Mumbai registered a fall in HDPE injection molding (white) prices today.

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Jan 12, 2022: SBS at reduced rates

SBS grade LG501 witnessed a fall in the Delhi market.

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A rise in demand for Caprolactam is noticed in Mumbai.

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Prices for spandex 20D, a synthetic fiber known for its exceptional elasticity, were quoted higher in Delhi today.

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