News & Bulletin Updates

ONGC is preparing to drill in the Kangra-Mandi PEL Block
8It is a pioneer block
8Find out what the plan is

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8The Kakinada-Vizag-Srikakulam natural gas pipeline commissioning deadline has changed

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This is a Rs 456 crore POL terminal
8Get an update on this project

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The cost of the Numaligarh bio-ethanol project has almost doubled from the DFR stage.
8And the IRR is stretched and pegged at 11%, just above the hurdle rate. It is known as company officials are tightlipped whether this hurdle rate is after taking into account the various incentives handed out to the North East
8It is an untested technology, and this is the first fully scaled up model and NRL and India is the petri dish for this technology
8If the IRR falls below double digit, who should be held responsible? A lot of things go on in the name of investing in the North East, and some decisions need to be called out

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A one para change in a letter of authorization that the PNGRB did not issue cost this company at least Rs 500 crore.
8That is the level of unaccountability in the system
8Will someone  pay for it?
8Will there be an investigation?
8The opacity in the system lends itself to the charge that unaccountability is the order of the day in supposedly transparent bodies such as the PNGRB

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There is this Dahej-Koyali refinery greenfield natural gas pipeline project
8Jaihind Project Limited was hired by Indian Oil Corporation Limited (IOCL) as PMC contractor
8Find out what the progress has been

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8According to the Union Minister of Coal, Mines Shri Pralhad Joshi, In 2016, with a view to enhance the food security of the nation, CIL Board accorded its approval for the formation of a joint venture company with NTPC, IOCL, FCIL, and HFCL, a Hindustan Urvarak & Rasayan Limited (HURL) for the revival of three defunct fertilizer plants of FCIL and HFCL.

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Epoxy resin prices were quoted higher in the Mumbai market today.

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An increase in acrylic acid prices was noted in the Mumbai market today.

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On December 21, 2021, trading sources reported a fall in Polymeric MDI prices in the Mumbai chemical market.

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Prices for dichloroethane have dropped in Mumbai.

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Petrochem sources in Ahmedabad have reported a rise in trichloromethane prices.

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DOA prices are down in the Ahmedabad domestic market today.

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On December 21, 2021, benzyl alcohol prices were quoted higher in the Ahmedabad market today.

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PCE prices have fallen in the Mumbai chemical market today.

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Low EGMBE prices were quoted in the Mumbai chemical market today.

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On December 21, 2021, Petrochem sources reported a fall in paraformaldehyde price in the chemical market of Delhi.

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MEK prices are falling in the imported market of Kandla.

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IPA prices have moved up at Hazira.

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High DEG prices were recorded at Hazira today.

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MEK prices were significantly lower in the Mumbai market today.

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Dec 21, 2021: ACN climbs in Mumbai

Petrochem sources in Mumbai have reported a rise in ACN prices.

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Prices for the NBA have dropped at Hazira.

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Petrochem sources have reported a huge fall in VAM prices in the Mumbai market.

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8Numerous companies – such as Vinati, Deepak Nitrite, Atul, Tagros, Laurus, Deccan Chemicals, PI Industries, and Astec – have been doing well in investing in R&D as well as adopting better processes. However, certain complex chemistries, such as ozonolysis, cyano compounds, and amoxidation, are still not being tried in India on a large scale
8How to get around this problem?

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