Methanol prices are slowly increasing in the Delhi market.

8India's quest for building its energy security may see it continue to pursue investment opportunity in Farzad-B gas field in Iran even though ONGC Videsh Ltd (OVL) has not got the right to develop the block that it discovered over a decade ago.

8India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices.

Formaldehyde prices are quoted higher in the Delhi market, today.

8Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for an excise duty cut on petrol and diesel, for the first time since the outbreak of the pandemic.

8Chinese authorities are imposing new hurdles for fertilizer exporters amid growing concerns over surging power prices and food production, a move that could worsen a global price shock and food inflation.

8Indian shares slipped on Wednesday, dragged by metal stocks as China’s pledge to contain coal prices eased supply worries, while investors eyed corporate commentaries in the earnings season after Hindustan Unilever warned of margin impact.

Butyl Acetate prices have been revised at Hazira.

On October 20, 2021, Petrochem sources reported a significant fall in BGE prices at Kandla port.

On October 20, 2021, the Hazira market witnessed a rise in butyl acrylate monomer prices.

8Global chemical conglomerate to increase prices of polymer dispersions, dispersible polymer powders and resins by a whopping 20%

8Elantas Beck India Ltd is setting up a high capacity specialty chemical plant

8Specialty chemicals company Lanxess and BP recently announced a strategic partnership to significantly advance the use of sustainable raw materials in high-tech plastics production

8This recycling company is promising a litter free Goa

8Malaysia is pushing the production of quality rubber in one of its largest rubber growing provinces

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8Jet fuel derived from a type of mustard plant can replace the petroleum-based aviation fuel to reduce carbon emissions by up to 68 per cent, according to a study led by an Indian-origin scientist in the US.

What ONGC is trying to do is clearly nothing short of a leap of faith.
8It plans to dig the furthest deepwater production wells that anyone had done in India and only a few had been so adventurous worldwide
8The bathymetry indicates that the field lies in the abyssal plains with water depth reaching from 2840 mts to 2500 mts over a 50 km distance and to 2000 mts over an 85 km distance
8And ONGC is looking for assistance to do so

China is by far the largest exporter of project equipment into India
8And Italy, not the US is the second

Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: All the procurement work has been completed, a long lead item is likely to be reached to the plant in November 2021, Ionexchange India Ltd is the LSTK contractor. Construction is likely to be started in November 2021
Ammonia-Urea Energy Saving Project
8Cost - Rs 481 crore
8Project Event: 99.8 % of the construction has been completed. Testing is ongoing, Project is likely to be completed at the end of October 2021

8If you want to keep a check on how COVID-19 is working its way through the Indian economy, do not need to go further

8Japan's government is embracing ammonia as fuel of the future
8MOL has signed a MoU to purchase ammonia-fuelled main engine for ships
8Know more