News & Bulletin Updates

Sep 15, 2021: VAM weekly synopsis

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

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

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8A new patent has been granted to break down waste polystyrene into styrene monomer
8Know more about this

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8Who says as a foreign chemical company you cannot win a patent case in China?
8Here is an international company which has just won a case against its Chinese counterpart

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8PP Products Ltd is part of the group company Tarajyot Polymers Ltd
8And it is involved in the import and domestic trading of various polymers — including poly vinyl chloride (PVC), low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE) fillers, polyethylene terephthalate (PET), etc. It imports polymer granules from various global majors
8Find out more on how the outfit is doing

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8Get the weekly update of Asian petrochemical prices here

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8Japan has complex regulations in place for import of cosmetic chemicals
8Know more about here

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8BP, an international oil company transitioning into an integrated energy company, and Brightmark, a global waste solutions company with a mission to reimagine waste, have signed a Memorandum of Understanding (MOU) to jointly evaluate opportunities for development of the next generation of plastic waste renewal plants in Germany, the Netherlands, and Belgium

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Sep 15, 2021: Procurement coming up

8A procurement notice has come for 2-Ethylhexylamine 

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Haldia Petrochemicals is setting up a massive petrochemical complex at Cuddalore
8But there are many questions on the minds of potential EPC bidders
8These include: where will the company source its requirement for 5 MMTPA of naphtha annually, where is the funding going to come from, among others
8Clarifications have now come in for some of the questions

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8Here is this existing LNG terminal which is going through a 2.5 MMTPA expansion
8And this expansion is not for Petronet LNG's Dahej terminal
8Capital approval is expected within a couple of months

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8RIL-BP's MJ-1 oil and gas field was hit by the pandemic
8But with the FPSO now getting mobilized, work has picked up pace

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Project management consultants for E&P fields, particularly the smaller fields, went into hiding during the pandemic
8But with oil prices going up, both E&P operators and the project management consultants are slowing emerging from the woodwork
8How many PMCs are really contending for such slots

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Spot prices have climbed to the above $20/mmbtu mark and there are no immediate signs of remission
8The spot market was never too big in India and with spot prices up, it has shrunk by more than half
8Find out what is GAIL's estimate of India's spot market

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Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: 92 % of construction work has been completed, the installation of equipment is ongoing. procurement Machinery orders are already completed, Procurement of other services is ongoing, also pre commissioning is ongoing, commissioning is likely to be started in January 2022 in place of Dec 2021
Ammonia-Urea Annual Maintenance Project 
8Cost - Rs 35 crore
8Project Event: The tender for a registered maintenance contractor is likely to be released in January 2022

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8The Gulf Petrochemicals and Chemicals Association is holding a virtual Agri-Nutrients conference from 15th to 16th of September
8Know more

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8BP's head of low carbon and natural gas Dev Sanyal will leave the energy company at the end of the year, BP said on Tuesday, an unexpected departure at a time when BP seeks to rapidly grow its renewables business and shift away from oil.

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8While legislators craft the details back in Washington, President Joe Biden is pitching his massive domestic spending package with a visit to a renewable energy lab in Colorado to highlight how the investments in clean energy in his massive spending package would help combat climate change.

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8The compressed natural gas (CNG) sales in Gujarat contracted by 13per cent in 2020-21 as its consumption reduced due to the restricted vehicular movement following the imposition of curbs to tackle Covid.

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8Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world's largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen.

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Market sources reported a rise in styrene monomer prices in Hazira today.

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

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Tight supply coupled with high demand has raised propylene glycol prices in the Kandla market. 

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ACN prices are slowly increasing in the Kandla port.

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A sharp rise in ABS (MIF45) prices in the Delhi market was registered today

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