News & Bulletin Updates

8How do purchase managers reduce the cost of chemicals that go into their products?
8There are quite a few ways to do it

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8Haldia Petrohemicals Ltd had a fire on its premises
8Will the maintenance programme that the company was undertaking be further lengthened?

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8The website carries here a report on the manufacture of types of formaldehyde & resins
8There are 14 products to be manufactured

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8Get the full details of Solaris Chemtech Industries Ltd's Rs 500 crore chemical expansion project
8And the expansion include marine Chemicals, fertilizers, organic chemicals and a cogeneration plant

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8Reliance Industries Limited (RIL), India’s largest private sector company is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh
8What RIL will also do is to empower entrepreneurs to divert post-consumer used packaging from landfills, setup recycling facilities and create wealth from waste throughout the country

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8This petrochem company is looking for a consultant that can guarantee a $3 million profitability boost
8Below that the consultant will be penalized, with the final penalty being up to 60% of the consultant's take

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

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8The feasibility study for a Rs 33,000 GAIL sponsored petrochemical complex has been completed
8But will the complex ever come up

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Clearly, the Tamil Nadu government does not see eye to eye with the centre over on E&P activities in Tamil Nadu.
8The controversy has escalated after the entire Cauvery delta was declared as an agriculture zone
8There are as many as 307 wells are operational out of which 178 are under production
8So there are many grey areas now on how to go ahead in this region

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The ONGC brass seems worried about ambiguity in the bidding norms for contracts involving services
8And a warning of sorts has been issued down the line

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Adani Gas Ltd, AGP City Gas Pvt Ltd, Think Gas Distribution, Torrent Gas and Unison Enviro are all facing penalties for non-fulfillment of minimum work programmes in their city gas distribution projects
8These companies are claiming that COVID-19 came in the way but then the issue seems to be more complicated than that
8While COVID extensions are for a limited timeframe, some of these companies have slippages which can go well beyond that period

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It looks like BPCL employees are going to get a bad deal when it comes to post retirement benefits, even for those who had opted to stay on.
8Hundreds of employees in Kochi and Mumbai refinery will be adversely impacted as new owners might be unwilling to take on these obligations

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Hydrogen is meant to be an alternative to fossil fuel
8So why is the oil industry backing this fuel?

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8Here is a company which has been given permission to export fertilizers to Nepal

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8Fertiliser Cooperative IFFCO has signed an MoU with IIT, Delhi for joint research in the area of agriculture and fertilisers including nanotechnology.
8Find out more

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8Technology helps in finding new sources of fertilizers that would reduce over-dependence on chemical fertilisers.
8Find out more on what the researchers are up to

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8India state refiners are set to invest 2 trillion rupees ($26.96 billion) to boost oil refining capacity by 20% in Asia's third-largest economy by 2025, junior oil minister, Rameswar Teli, told lawmakers on Wednesday.

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8Hindustan Petroleum Corporation Ltd on Wednesday reported a 36 per cent drop in its June quarter net profit after one of its two oil refineries took a maintenance shutdown, reducing crude oil processing. Net profit in April-June fell to Rs 1,795 crore from Rs 2,183.83 crore in the same period a year back and Rs 3,017.96 crore in the preceding quarter.

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8Ivory Coast is in talks to build a 200 megawatt power plant fuelled by liquefied natural gas (LNG) as it seeks to avoid outages that rocked the country earlier this year, Mines and Energy Minister Thomas Camara said on Tuesday.

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8Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the Delta variant of the coronavirus in top consuming countries will cut fuel demand.

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8Oil prices edged higher on Thursday, supported by tensions in the Middle East, but failed to regain most of the previous day's losses after a surprise build in crude stockpiles in the United States, the world's top oil consumer.

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Market sources reported a reduction in MDC prices in Mumbai today.

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On August 5,2021, benzene prices moved higher in the domestic market.

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On August 5, 2021, hexane price pushed higher in the Delhi market.

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8Crude oil prices rose by Rs 5 to Rs 5,243 per barrel on Wednesday, as participants widened their positions on a firm spot demand.

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