8Indorama's phosphoric acid cargo s expected today
8Around 9000 tonnes is the cargo weight

The Haldia Petrochemicals Ltd's petrochemical venture at Cuddalore has many imponderables
8But contractors are willing to play along for now
8Why is that so?

Crown LNG has an ambitious 7.2 MMTPA LNG unit coming up at Kakinada offshore
8But the company is not putting the cart before the horse yet
8And setting up a terminal may not be all the simple, after all, though the engineering concept for an east coast terminal is strong
8What is the biggest problem that can delay the project?

8GAIL (India) Ltd will invest about Rs 5,000 crore to build a portfolio of at least 1 gigawatts of renewable energy and set up compressed biogas as well as ethanol plants as it steps up efforts to expand the business beyond natural gas.

GAIL's search for an E&P PMC for one its oil blocks has come to an end
8Expect new business development RFQs ahead

We had said earlier that ISGEC as a company is a doughty fighter as was evident from how it was able to come out L-1 from out of a long list of bidders for the SRU unit in Barauni
8But ISGEC can also be on very thin ground
Find out more

On July 2, 2021 Naphtha prices were registered to move up in Japan and Europe on account of positive buying trends in the respective countries.

The international crude oil price of Indian Basket was quoted at around $74.75 per barrel on July 2, 2021.

Here is a small private sector E&P company looking for a workover rig
8Signs are there that smaller E&P players are rising up from deep slumber as oil prices begin to look up

VAM prices have been revised at Hazira.

Acetonitrile prices have soared in the Mumbai market.

A fall in acetic acid prices in the domestic market of Mumbai was noticed on July 2, 2021.

New ethyl acetate prices have been announced at Ex-Ashok.

The following business development opportunities are likely to come up ahead
8GSPC's development of 8 wells in Kheda and Anand
8Five onshore PML blocks by ONGC in the North East
8Meanwhile, integrated PX-PTA project in Paradip refinery is going through final environmental clearance

In some low cost renewable energy regions, hydrogen electrolysers may already be competitive
8This analysis demonstrates two important points. First, that competitive renewable hydrogen in specific markets could be available even before significant cost reductions and performance improvements in electrolysers have materialised. Secondly, low-cost hydrogen from solar and wind may initially rely on areas with excellent solar and wind resources, given the need to achieve high load hours to amortise the costs of relatively expensive electrolysers.

On July 2, 2021, Petrochem sources confirmed that aniline prices have slipped in the Kandla port.

8Minister of State for Chemicals and Fertilisers has virtually inaugurated the PSA Oxygen plant set up at Uttar Pradesh

8Two of the world's largest companies have tied up for a green ammonia project
8Know more

Ammonium Nitrate Melt Greenfield Project
8Cost - Rs 200 crore
8Project Event: The Letter of bid invitation for the LSTK contractor has been out and the due date is 16 July 2021.
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: Ionexchange India Ltd is the LSTK contractor, the construction is likely to be started in August 2021 in place of July 2021, equipment and purchase work is still ongoing which is likely to be completed at the end of July 2021.

On July 2, 2021, the Kandla market witnessed a rise in Hexane prices.

On July 02, 2021 the Mumbai polymer market saw a rise in imported POM prices

In Delhi, ABS (MIF45) prices were quoted higher today

Imported polyurethane prices are slowly increasing in the Ahmedabad market

A cut in POM Imported prices has been noted in Ahmedabad today

ABS (IM17A) prices in the Mumbai market remained stable in spite of demand being low