Back in July, the European Union (EU) finally unveiled its much-anticipated plans to meet its climate ambitions, which for the first-time folded shipping into the Emissions Trading Scheme (ETS)
8The strategy also proposes to expand the Energy Taxation Directive (ETD) to bunker fuels and launch a new scheme to encourage the uptake of low carbon fuels, called FuelEU Maritime
8Collectively these three initiatives will substantially increase the regulatory burden on shipping companies trading to, from and within the EU, with the ETS and ETD coming into force at the same time as the IMO’s carbon intensity indicator (CII) and energy existing ship design index (EEXI) in 2023
8Evidently shipping companies will feel the regulatory heat like never before

Nayara is a privately held company, so information is not easy to get by
8But it runs its 20 MMTPA refinery well
8Also, it has a presence in retailing of oil with 6,059 operational retail outlets as on March 31, 2021

There is a rush of RFQs from Vedanta for E&P work
8Both for new blocks undergoing exploratory activity and for older mature blocks

Ashish Gaikwad the MD of Honeywell Automation has been shepherding the company in the right direction
8The company has done well over the years: from a fledgling entity serving customers in the process industry and commercial buildings with a limited automation portfolio, we have now transformed into a significant company with a large and diversified portfolio – among top 100 companies by market capitalization

8There is a national and refining conclave coming up should you want to participate

8LNG prices may shoot even higher as winter approaches

Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
The LSTK contractor is still continuing with equipment purchases
Ammonia-Urea Energy Saving Project
8Cost - Rs 250 crore
8Project Event: The feasibility studies are still ongoing, and are likely to be completed in September 2021, RFQ for the LSTK contractor is likely in Q3 FY 2021
Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: Bid due date for the Urea handling & bagging package is 5 October 2021
Ammonium Nitrate Melt Greenfield Project
8Cost - Rs 88 crore
8Project Event: The Letter of bid invitation for the LSTK contractor has come out and the bid due date has been extended from 6 August to 27 August 2021

8Get the July outlook on the Indian economy

8Rashtriya Chemicals & Fertilizers Limited has released a tender for the supply of Muriate of Potash

8EuroChem Group, a leading global fertilizer company has reported a consolidated 1H 2021 sales of US$4.4 billion

8Scientists have developed a portable, solar-powered analyzer to measure atmospheric ammonia
8Know more

8The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident.

8A key oil company in Lebanon said Thursday it would stop supplying its gas stations with fuel amid severe shortages that have brought the crisis-hit country to a halt.

8Will the political turmoil in strategically-located Afghanistan impact global crude oil prices?
8No one has the answer yet

8The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels.

8China's top offshore oil and gas driller CNOOC Ltd said it would channel up to 10% of annual spending to green energy by 2025, and announced interim net profit more than tripled from last year as oil prices rebounded.

8Oil prices fell for a sixth day, the longest losing streak since February 2020, as a spike in COVID-19 cases worldwide fuelled fears over slower fuel demand while a surprise build in U.S. gasoline inventories added to pressure.

8Japan's biggest power generator JERA said on Friday it had sold its 14% stake in Indonesia's PT Paiton Energy, which operates coal power plants, to a unit of energy company PT Medco Daya Abadi Lestari for an undisclosed sum.

8As part of “Azadi Ka Amrut Mahotsav”, the Ministry of Power organised an event to issue Energy Saving Certificates to best performing Industrial units. Alok Kumar, Secretary, Ministry of Power issued more than 57 lacs Energy Saving Certificates to 349 industrial units because they saved more energy than the targets.

8The central government is considering a hike in fertilizer subsidiary again on the back of skyrocketing international prices.

A drop in ethyl acetate prices was noticed today, at Ex-Satyam.

A fall in PTA prices in the domestic market of Mumbai was noted on August 23, 2021. 

On August 23, 2021, Petrochem sources reported a fall in 2EHA prices in the Kandla port. 

On August 23, 2021 Petrochem sources reported a fall in imported POM prices in the Mumbai polymer market

On August 23, 2021 imported POM prices moved higher in the Ahmedabad polymer market