Ammonia-Urea & Captive Power Unit Greenfield Project
8Cost - Rs 7000 crore
8Project Event: All the project activities are still on hold due to second wave COVID-19, the project is likely to be activated in Q2 2021. This is a private sector project, and has been in the offing for sometime now, so we are taking it with a grain of salt.
Ammonia-Urea Energy Saving Project
8Cost - Rs 250 crore
8Project Event: Still, all the project activities are on hold due to lack of funds, Capital approval is still under process. It is likely to be elicited in July 2021. RFQ for the LSTK contractor is likely to be released in August 2021

On June 15, 2021 Naphtha prices moved up in Japan and Europe on account of positive buying trends in the respective countries.

The international crude oil price of Indian Basket was quoted at around $72.18 per barrel on June 15, 2021.

A fall in MIBK prices in the imported market of Delhi was noted on June 15, 2021.

Sulphuric acid prices went down in the Mumbai market.

Domestic market sources reported a fall in Mumbai’s caustic soda flakes prices today.

Today, VAM prices have drifted lower in the Mumbai market.

Caustic soda lye prices at Dahej have been raised.

Phenol prices have increased in the Delhi market.

Imported POM prices are gradually increasing in the Delhi market

On June 15, 2021 the Ahmedabad polymer market saw a rise in ABS (HI121H)  prices today

POM (imported) prices were assessed lower in the Ahmedabad market today

ABS (HI121H) prices have registered an increase in the polymer market of Delhi

ABS (HI121H) prices have registered a sharp rise in the polymer market of Ludhiana

ABS (MIF45)  prices are slowly increasing in the Delhi market

A revision for MDC prices has been announced by GACL.

Prices for BGE were quoted lower in the Kandla market today.

DEG prices have been revised at Hazira.

A revision in MEG prices has been announced in Mumbai.

LLDPE Film prices have moved lower in the Indian resin market.

On June 14, 2021 the Indore market witnessed a fall in PC (2407) prices.

8This Indian company has begun implementing a plant in the US which will in Phase 1 of the project, manufacture Maleic Anhydride, Malic Acid and Fumaric acid
8The total annual capacity will be 40,000 metric tons and the production will cater to customers in North America, Europe and Latin America

8Air Products has become a gigantic global company
8And its plans, including those in the chemical and petrochemical sector, are gargantuan

Air Products and its subsidiary Air Products Canada Ltd, in conjunction with the Government of Canada and the Province of Alberta, have announced a multi-billion dollar plan to build a landmark new net-zero hydrogen energy complex.
8This will have all-round implications

8Can we expect N-butanol prices to climb
8Looks like global supplies are tight