Beijing has ordered securing of gas at all costs
8So LNG prices have moved to record levels
8And they will stay high, find out more
8Meanwhile, oil could hit $100/bbl, triggering another economic crisis.
8In India too, despite high prices, demand is rising for petroleum products

8One Ammonia shipment is arriving up on 08 October 2021
8One Sulphur shipment is coming up on 08 October 2021
8One Sulphuric acid shipment is reaching on 09 October 2021

8New tender out for DAP imports

8In less than a year and a half, liquefied natural gas (LNG) prices have lurched from record lows to record highs, with the market first reeling from the impact of the pandemic and now unable to keep up with a global recovery in demand.

8After the crude oil surge, global gas prices are expected to soar this year, putting consumers in India at the risk of inflated CNG and PNG rates.

8Oil rose above $78 a barrel on Friday, within sight of this week's three-year high, supported by tight supplies due to OPEC+ supply curbs, recovering demand and a weaker U.S. dollar.

Domestic market sources reported a rise in Kolkata’s dibutyl phthalate prices today.

A significant fall in butyl acrylate monomer prices was noticed in Kandla today.

Market sources reported that butyl acetate prices were reduced in Hazira today.

Fresh styrene monomer prices are announced at Hazira.

Aniline prices have climbed higher in Mumbai.

Petrochem sources in Mumbai have reported a huge rise in acetonitrile prices.

MP Diol prices registered a fall in the imported market of Kandla.

Petrochem sources in Kandla have reported a rise in IPA prices.

Petrochem sources in Mumbai have reported a huge rise in MEK prices.

Acetic acid prices registered a significant fall in the Mumbai market today.

Tight supply coupled with high demand has raised SM prices in the Mumbai market.

A rise in IPA prices was recorded today at Hazira.

8The chemical industry did well during COVID-19
8Find out how the mergers and acquisitions market has evolved during the year
8Also, if you are looking for mergers or buying or selling of businesses, find out where to go

8A Butene-1 and 2nd Stage Hydrogenation of Pyrolysis Gasoline plant at Dibrugarh, Assam at a project cost of Rs 386 crores
8An EPCM has been appointed, and the process for selection of licensors is in progress
Environment clearance for both the projects has been received and site enabling works have also commenced

8Despite the epidemic, Brahmaputra Crackers Ltd  posted a 106% capacity utilization
8The owner of the company is GAIL and when during the lockdown, GAIL's Pata plant shut down, the Brahmaputra's cracker complex kept running

8The government announced the Scheme Guidelines and rates for the Remission of Duties and Taxes on Exported Products (RoDTEP) on 17th August 2021
8HS Codes under Chapters 24 to 31 were excluded from the list. The government later explained that sectors that are performing reasonably well have been excluded from the RoDTEP scheme
8The Merchandise Exports from India Scheme (MEIS) had to be discontinued following objections raised by USA that the scheme was incompatible and violative of international trade norms of WTO
8The government decided to discontinue MEIS and announced the WTO-compliant RoDTEP scheme to replace it
8But there is all round disappointment over the new scheme

8The caustic-chlorine industry in India witnessed a cyclical downturn after H1FY20, which was further exacerbated during FY21 owing to the COVID-19 pandemic-related contraction in demand from major end-use industries
8But the outlook has brightened

8ExxonMobil and Rosneft have signed a Memorandum of Understanding to cooperate on the assessment of lower-carbon technologies to reduce greenhouse gas emissions from their operations
8The companies will consider the prospects of new projects initially focused on carbon capture and storage (CCS) and the development of lower-carbon fuels, such as hydrogen and ammonia
8The MOU continues the cooperation between the two companies and signals their intent to jointly develop and implement lower-carbon projects, as well as exchange their respective experience and technological solutions in promising areas

8The change in climatic conditions is going to impact agricultural productivity in a huge way. It will manifest in terms of rise in temperature, humidity, and precipitation, says Dr. Ashok Dalwai, Chief Executive Officer, National Rainfed Authority of India, Ministry of Agriculture and Farmers’ Welfare