News & Bulletin Updates

8Is a weak trend emerging in Diethylene Glycol

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8Nayara refinery’s plans to double its capacity to 46 MMTPA was objected to but the objections have been overruled
8Find out on what ground they were dismissed

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8IOC has been experimenting with hydrogen production and dispensation for several years now
8No wonder therefore it has the first mover advantage
Find out more

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8French energy major TotalEnergies explores ammonia as an alternative marine fuel by participating in a series of relevant industry initiatives
8This will be a boost to the chemical industry, if this happens on a large scale

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8Find out how fast fashion is finding it difficult to get over its commitment to go sustainable with the use of plastics
8Currently nearly 88% of new listings on website contain as much as 88% plastics
8How is the industry that is promising to go sustainable, some as early as 2025, dealing with the problem?

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8Get the latest update on chemical cargoes getting imported to India 

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8An update on COVID-2 and impact on Indian ports, as of today

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The capacity underutilization in Ennore, IOC's 5 MMTPA LNG terminal is evident from the amount of traffic that the port sees every month.
8One cargo has just sailed away on the 10th of June
8The next cargo is now expected on July 1
8This is a gap of 20 days
8The dates may vary, but for a 5 MMTPA LNG terminal to get a cargo of LNG every 20 days reflects the pathetic state of some of the LNG terminals in India
8IOC says that utilization levels are low because, for a multitude of reasons, the pipeline evacuation network is not in place

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8Urea
8Rock phosphate
8DAP
8Sulphur
As per our import data for fertilizers, these are the main items of imports

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IOC's Paradip is a large refinery
8And around 1.72 million tonnes of crude is lined up
8And the crude is sourced from:
 -- Qua Iboe
 -- Basrah
 -- Zirku Island
 -- Ras Tanura
 -- Angola
 -- Agmami

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OIL has received a good set of bids for its five 2000 tonne onland drilling rig contract.
8The technical bids were opened

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Petronet LNG has a large capex plan
8And we have a fairly detailed break-up
8Also, what did Sri Lanka asked for that forced PLL to drop its plans
8What kind of slope to Brent is it looking at when it comes to future sourcing deals?
8Why has PLL dropped all its overseas plans?
Find out more

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Under intense pressure from the government, ONGC seems to have finally turned around now, and to begin with, has sought "technical" assistance to enhance the life of most of its North Eastern assets.
8Help has also been sought for newly acquired assets
8What is of greater interest is that OIL and ONGC are collaborating to offer joint assets for such assistance
8The company has now admitted that ONGC would expect to "go along with the prospective partners towards realizing the value of these resources"
8From ideating to actual implementation, it is still a long way off, but the process has begun
8Hopefully, this new initiative will not fizzle out like similar ones in the past

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Existing gas pipelines will eventually have to push a mix of hydrogen and gas, as regulations harden
8Attempts to decarbonize gas has already begun
8A 10-year deadline has started ticking already

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8Nayara is looking for dedicated domestic gas supplies for its refinery complex
8Domestic gas is cheaper than any other source of energy at the moment

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Some updates on Petronet LNG:
8New domestic gas can impact spot and short-term LNG volumes  but eventually gas demand will be much higher (70-90mmtpa in CY30 vs. 46mmtpa now). Meanwhile, the company says that the gas ceiling is expected to go up to USD5-6/mmbtu in the next revision for offshore gas.
8One of Kochi's primary customer, FACT, is cannot operate at a rate higher than $ 8/mmbtu whereas spot is at $10/mmbtu
8The use or pay was invoked on tolling customers, where 2 out of 3 have not paid but as per contracts are liable. Discussions are on, and will be resolved shortly, maybe by this quarter.
81,200 kms radius of virtual pipeline can be set and economics is favorable. LNG is 25-40% cheaper than diesel. Initially, payback will be longer (less than 5 years in steady state) and offtake low but market will develop. 50 stations are inaugurated. PLNG targets 3.5mmtpa volumes by CY30.

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8There seems to be a big problem with the supply of LNG to FACT from the Kochi terminal
Find out what

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8Fertilizer Ministry assures IFFCO of land to set up the urea plant
8Know more

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8Scientists have developed an environmentally friendly process that could drive the future production of green ammonia

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The global fertilizer market is highly marked up
8What is causing this?
8And where will all this lead to?

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Coal based Ammonia-Urea & Coal Handling Plant Greenfield Project
8Cost - Rs 7484 crore
The company is in the initial stages and an internal team is in the process of being set up. There is technology selection to be done, and it claims that all of this will be set into motion within three months.
NPK-SSP & Sulphuric Acid Expansion Project
8Cost - Rs 15 crore

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8A two-company combine is bringing in a cargo of LAB
8This 7650 tonne cargo is coming from Al Jubail

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Jun 14, 2021: CBFS cargo coming in

8A big cargo of CBFS is coming in
8Find out the cargo weight

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8A huge cargo of molasses cargo is arriving at JNPT
8Tonnage: 31000 tonnes

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8A cargo fo EDC is expected on June 26
815000 tonnes is the cargo weight

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