News & Bulletin Updates

An unplanned shutdown has been undertaken by Reliance Industries Ltd at its two PP units.

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Gas Authority of India Ltd, is likely to restart a HDPE unit which was shut in mid-May 2021 owing to technical issues.

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HMEL has announced price revisions in PP,  with effect from June 10, 2021.

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PE and PP prices have been revised by OPaL.

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IOCL revises PP and PE prices.

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Mangalore Refinery And Petrochemicals Limited has announced a revision in PP prices.

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PP and PE prices have been revised by HPL.

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PP prices have been reduced by Reliance Industries Ltd.

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A revision in PE prices has been announced by RIL.

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RIL has announced a revision in PVC prices.

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8A search is on to find the balance sheet of this particular company which is in the market for a massive petrochemical expansion. But the balance sheet has been elusive so far
8Just so that its capacity to finance the expansion can be assessed

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There is a slight uptick in chemical import inventories that we are tracking on a daily basis
8But it is still around 10-12% lower than normal flows

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8Get an update on COVID-2 update on Indian ports

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8IOC is by far the largest player in India when it comes to new downstream sector projects.
8And while projects are refinery specific, the handling of projects is not in the hands of the refinery bosses but is directly done by a project team out of IOC's SCOPE building complex
Know more about who these guys are here

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This website accounts for 8.2 million tonnes of crude inventories as of now on way to Indian berths
8Get the disaggregated data here

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Both Cochin and Ennore, which are normally without cargoes for long periods, have two cargoes each lined up
8Shell's Hazira LNG terminal is running on the strength of GAIL's cargoes, three of which are lined up
8Arcelor Mittal Nippon Steel India has two cargoes at Hazira as well
8Next year is going to be tough for the honchos at Hazira, when GAIL's Dabhol plant goes fully operational, and RIL, a regular at Hazira gets less dependent on imported cargoes as it corners more of its own production from its KG gas production

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Here is an oil & gas company inviting subject matter experts
8Who will work with the company to provide required services

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Grid storage battery cost has plunged dramatically
8So much so that it is undercutting gas-based generation
8So, for peaking power purposes, battery power may be preferable to gas-based power, particularly in India, where imported gas, on which power plants run, is more expensive than elsewhere in the world

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On June 9, 2021 sulphuric acid prices were assessed lower in Kolkata.

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Ethyl acrylate prices have registered a rise in the chemical market of Mumbai.

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McDermott goes through a big and sudden change at the top
8And the company plays a big role in India
8Will anything change in India as a result?

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8The website has observed some heavy activity on the domestic gas pricing front within the government
Find out what is going on

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8Agriculture technology startups are getting a boost from a big company
8Find out more

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8Yara has launched a global initiative that will allow farmers to earn additional revenue from positive climate action

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DAP/NPK- Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost - Rs 2000 crore
8Project Event: All the project activities are still on hold, the project is likely to be activated in August 2021. the proposal for the environmental clearance is likely to be submitted by September 2021.RFQ for the project management consultant is likely to be released in October 2021.
Urea (Granular) and Captive Power Unit Expansion Project
8Cost - Rs 700 crore
8Project Event: The project is still on hold, It is likely to be activated in August 2021

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