News & Bulletin Updates

A slight recovery in caustic soda lye prices was noticed at Dahej today.

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A fall in IPA prices at Hazira was noted on July 30, 2021.

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Jul 29, 2021: Rise in VAM prices

Prices for VAM have been increased at Kolkata.

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Butyl Acetate prices have moved higher in the Delhi market. 

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Here are the details of one of the most successful chemical marketing companies in India
8It has a huge global presence
8And it makes pot loads of money
8This is a business model that competitors should follow

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8LyondelBasell is selling its polyethlene technology globally
8It is helping set up a 200 KTA ethylene vinyl acetate copolymer (EVA) and low-density polyethylene (LDPE) line to produce EVA products with vinyl acetate comonomer

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Jul 29, 2021: Capex plans: Details

These companies have future capex plans:
8OC Specialities
8SVR Drugs & Intermediates
8Bhansali Engineering Polymers
8Meghmani Organics
8Shri Ramkripa Organics
8Nelson Laminate

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Japan and Korea are among our biggest trading partners for chemicals
8But there are problems concerning market access, non-tariff barriers and issues involving rules of origin, among others
8Get into a discussion on these issues and raise your voice should you think some things need to be changed

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8Pre-budget exercises have already begun
8And if you have a memorandum to give, here is where you submit it

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IOC's Puthuvype Greenfield LPG Import Terminal Project has bogged with delays
8Local protests and the pandemic added to the problems
8Delays have lead to cost overrun
Get an update here on the project

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On account of a spate of complaints of sub-standard supply of chemicals, ONGC has decided to tighten the sampling process
8Essentially, there will be more accountability at the sample collection point

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Ammonia-Urea Energy Saving Project
8Cost - Rs 380 crore
8Project Event: The project is still on hold due to a lack of funds, the project is likely to be activated in Q3 FY 2021. RFQ for the LSTK contractor is likely to be re-released in Q3 FY 2021.
Customized Blending Unit for NPK Fertilizer & Ammonia Storage Tank Greenfield Project

8Cost - Rs 90 crore
8Project Event: The project is on hold due to the second wave of the covid, the project is likely to be activated in August 2021. RFQ for the contractor is likely to be released in September 2021.

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The website carries here a full and comprehensive presentation on how crude prices are going to behave until 2022 end.
8The price will move in a narrow band but with an upward bias
Read to understand the fundamentals behind the projections

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8What is the latest update on the 2,000-km Liquefied Petroleum Gas (LPG) pipeline from IOC's Kandla import terminal on the west coast to Gorakhpur in UP?

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8Top fertilizer executive was on the Pegasus snoop list

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Here is this complex fertilizer manufacturer who has worked out a win-win deal with its gas suppliers.
8The deal was for 0.9 mmscmd of gas

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8Get the latest agriculture procurement data here

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8Mahanagar Gas Ltd, the firm that retails CNG and piped cooking gas in Mumbai and other places, on Thursday reported a 351 per cent jump in its June quarter net profit as volumes recovered over a low base of last year.

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8The joint committee constituted by the National Green Tribunal (NGT) proposed an environmental compensation of 26 lakh against the Hindustan Petroleum Corporation Limited (HPCL) for damages caused during the fire mishap on May 25.

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8India's crude oil imports in June dropped to their lowest level in eight months as refiners cut down processing in the face of a tumultuous second wave of the coronavirus, government data showed on Wednesday.

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8Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group f researchers found in a report due to be released this week.

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8Royal Dutch Shell Plc said on Tuesday it would buy renewable energy retailer Inspire Energy Capital LLC, as the European major looks to expand its renewable power business in the United States.

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8State-run oil companies have spent Rs 20,000 crore, nearly a fifth of their annual capex target of Rs 1,05,000 crore, in the first quarter this year, as per the Oil Ministry data.

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8The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.

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8U.S. crude oil stockpiles fell last week as imports dropped, while gasoline stocks and distillate inventories also declined, the Energy Information Administration said on Wednesday.

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