8Pirelli management has reported a deterioration in the business performance of its operations in Russia last year, a trend that is likely to worsen in 2023.
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8The German chemical-pharmaceutical sector is expected to continue declining in output in 2023, with a 5% fall predicted. Excluding medicines, production is predicted to shrink by 8% year on year. Additionally, sales in the industry are expected to fall by 7% in 2022 as a result of falling pricing.
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8RPM International Inc. has created a strategic partnership with a state university in the United States to provide three environmental degrees at the graduate level. which will be made available at a reduced fee starting in the fall of 2023.
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8The Tokyo-based Yokohama Off-Highway Tires (YOHT) has appointed Mihir Modi as the new Chief Financial Officer (CFO) and Amit Chincholikar as the Chief Human Resources Officer (CHRO). Both executives will serve on the global executive committee and report directly to Nitin Mantri, head of Yokohama Rubber Company's OHT business.
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8The growth is driven by the increasing use of paper splicing tapes in industrial sectors. The preference for sustainable backing materials has led to a rise in the adoption of paper-backing splicing tapes, leading to growth in the market.
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8Alpek has been growing to offer additional downstream value chain integration and ESG-related opportunities according to its long-term strategy. FInd out what the company has been up to.
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8The new grade is the first and only bimodal polyethylene (PE) resin for microirrigation.
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8MCON Rasayan India Ltd, a company that produces and distributes building materials and construction chemicals, has had its initial public offering (IPO) fully subscribed within hours of opening on the first day. The IPO was met with a strong response from retail investors, with the retail portion being subscribed 23.41 times and the non-institutional investor portion being subscribed 7.42 times on the first day.
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8The new Plastics2Chemicals (P2C) plant will drive polymer circularity by using Sulzer separation technology to reclaim and purify 30,000 tonnes of plastic waste per year. The resulting pure chemical feedstock can then be reused in manufacturing.
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8BASF’s European distribution organization and one of the biggest global manufacturers of pigments from India join forces to expand offerings of organic, inorganic and effect pigments in Europe.
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8BASF has begun production of its first bio-based Polyol in Mangalore, India. This product serves the fast-growing demand of eco-friendly products for applications in New Energy Vehicles (NEV), windmills, flooring and protective industrial coatings in Asia Pacific.
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8The plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum, making it the largest in the world, and two high-density polyethylene units with a combined capacity of 2 million tons per annum, also making them the largest derivatives units of their kind in the world.
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8Breaking ground on what will be home to a new state of the art facility, this new site will expand Momentive’s manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries including beauty and personal care, automotive, energy, healthcare and agriculture.
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8The RIL KG Basin gas tender is out.
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Fresh guidelines have been put in place on Chinese companies bidding in India
8And these includes both direct and indirect bidding
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8The government has come out with further guidelines to push Atmanirbhar Bharat
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8This offshore E&P tender can only be executed by global vendors
8And a consortium will have to be in place
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8Integrated offshore tenders are now the norm
Here is a mega tender that will have all sort of players jockeying for a piece of the pie

8L&T is bent on carving itself a big slice of the electrolyser and green hydrogen EPC space
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Rs. 4616 crore  super-critical thermal power expansion project: EPC package coming up
8Public hearing of the project has been completed by the state pollution control board
8EC of the project has been delayed due to non-compliance with air quality parameters.
8RFQ for the EPC package is likely to be floated in Q3 2023.
Rs. 5860 crore greenfield pumped storage project: RFQ ahead
8TOR of the project has been granted.
8RFQ for the EIA consultant is likely to be floated in April 2023
Rs. 6614 crore off-stream closed-loop pumped storage project: TOR granted
8EIA consultant has been selected.
8RFQ for the drilling and drifting works is likely to be floated in Q2 2023
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8TOR has been delayed.
8EIA consultant has been selected.
8Tender has been floated for the PMC package.
8RFQ for the EPC package is likely to be floated in Q4 2023
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8Construction of HRT and TRT is in progress.
8HM work contractor has started the construction.
8Bid evaluation is in progress for the EM package.
8RFQ for the EPC package for power evacuation is likely to be floated in Q2 2023.
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8Forest clearance and wildlife clearance is yet to be granted.
8Geotechnical investigation and topographical survey have been completed.
8PMC has been selected.
8RFQ for the civil works package is likely to be floated in Q3 2023.
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8EC has been approved by the MoEF
8Construction of the approach roads has been completed.
8Bid evaluation is in progress for the civil works package (lot 1&2)
8RFQ for the HM package is likely to be floated in May 2023
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On March 10, 2023, petrochem sources reported a fall in CIIR grade 1066 prices in the Delhi market.