On October 21, 2021, Petrochem sources reported a huge fall in acetic acid prices in the Mumbai market.

A revision in PE prices has been announced by Reliance Industries Ltd.

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A roll over in PVC prices has been annonunced by Reliance Industries Ltd.

8McDermott has won an ethylene cracker project in Russia that will be serve the largest polyethylene project in the world
8And the multinational's India office will be involved with the project

8A consortium including some of the world's largest chemical companies is to transition a low-carbon technologies knowledge-sharing initiative into a standalone company that will share early-stage risks and invest in the development and upscaling of technologies aimed at cutting the industry's GHG emissions

8Worly Ltd has bagged a project to build an 820,000-tpy biofuels plant at the Shell Energy and Chemicals Park Rotterdam, the Netherlands

8Know more about India's draft Chemicals (Chemicals Management and Safety) Rules
8These will have a big impact on the chemical manufacturing sector

8MTBE prices are moving to record highs

8High gas prices is making agriculture unviable in some parts of the world

8Hemani Industries Limited (HIL) manufactures agrochemical Intermediates, technicals and formulations
8It is also an Export House catering to a large client base spread across markets like Japan, the EU, the US, South America, South Africa, China, Russia, South Korea, Taiwan, Turkey, Egypt, etc.
8HIL’s revenues have grown at a healthy compounded annual growth rate (CAGR) of about 26% for the past five years ending FY2021, backed by its strong position in the pyrethroids
market. New product launches in export markets, improving capacity utilisations, and new capacities going on stream in its subsidiary will drive the company's revenue growth over the medium term, on a consolidated basis

8Get the latest weekly petrochemical prices update here

8Find out our weekly analysis, price charts and projections on C10 solvent price movements for the coming week

8The website carries here our weekly outlook for aniline
8Find out how prices are going to behave ahead

Shell's Hazira terminal has only one cargo lined up as per out data as of yesterday.
8And that cargo is landing at the end of the month only
8So it is a dry run till then
8Dabhol is the country's second-busiest LNG terminal as of now, overshadowing Hazira, after Dahej

8A multinational is likely to bring in both technology and finance to build what will be one of the largest steam crackers in the world in India
Well placed sources said that negotiations are at an advanced stage

Is ExxonMobil now looking for new energy instead of conventional energy projects in India?
8The multinational has had a team posted here for a long time looking for oil and gas projects. LNG was the priority
8Now there is a change of guard at the helm, and the emphasis seems to have shifted

8The fortunes of DCM Shriram Limited are looking up
8The net profit of the company has increased by 35.81% to Rs 156.34 crore in the quarter ended September 2021

This Rs 8000 crore, ammonia-urea project is finally gaining momentum
8So much so that an RFQ for licensor-cum-EPC contracto may be around the corner

GAIL can make a fantastic killing out of its long term Henry Hub cargoes
8For every cargo to arbitrages between Henry Hub and JKM, it can make a profit a massive Rs 1000 crore
There are a few caveats though

8FACT gets a pat on the back from the DOF

8Serving former senior DOF official now holds forth on Hindu scriptures

Ammonia-V Revamp Project
8Cost - Rs 102 crore
8The project is now under active contracting. Find out who had been awarded what