Toluene prices have been revised at Hazira.

Acetone (imported repack) prices have drifted down in the Mumbai market.

Domestic market sources reported a fall in Mumbai’s acetic acid prices today.

New benzene prices have been announced at Vizag.

DEG prices have been revised at Hazira.

PVC demand in the domestic market is gradually gaining momentum.

On July 6, 2021, acetone prices moved down in the imported market of Delhi.

8Soda ash maker Tata Chemicals claims it is a science-led chemistry solutions company
8The company says that all its three verticals of Performance Materials, Nutrition Sciences and Agri Sciences are well positioned to deliver robust performance
8Find out more about the company

IPMA 2022 is a comprehensive tradeshow showcasing latest technologies and innovations from every industrial sector in India. This B2B trade show will bridge the gap between industrial suppliers and buyers seeking new business opportunities through multiple sources.
8The show is in 2022 but preparations are on from now
8Know more

CBIC has decided to launch a new version (V 2.0) for on-boarding of AEO T2 and AEO T3 applicants by way of online filing, real-time monitoring, and digital certification.
8This updated version of the existing web application www.aeoindia.gov.in» will be made accessible for both applicants and the customs officials from 07.07.2021
8Know more about it

8BASF Catalysts India Pvt Ltd plans to expand its capacity
8The expansion will be done by the end of 2022

Here is the market outlook for
8Toluene
8IsomerMX
8Styrene Monomer
8MEG
8Ethylene
8Methanol
8PTA
8Propylene
8Recycled PET

Get the outlook for
8Naptha
8MTBE
8Ethanol

8This big petrochemical plant wants to improve its product portfolio
8And is looking for a consultant

Megha Engineering and Infrastructures Ltd (MEIL) has bagged yet another project yesterday, coming L-1 at Rs 1009 crpre
8This is the 7th win for MEIL in a matter of a few months, establishing the company as the one with the most amount of business, after L&T, in the downstream industry.
8This is indeed a remarkable achievement (get full details of all the seven projects, including competitor bid prices, here)
8But the proof of the pudding is in its eating.
8Everyone will now wait to see how Megha will implement these projects on the ground

After quoting around Rs 900 crore less than the L-1 bidder in one downstream project, Megha seems to have mastered the art of quoting right, and quoting competitively.
8The current quotes by Megha are competitive and lower than the competitors only by a yard or so
8Clearly, there is nothing like learning by doing

There are three ways of doing pricing right in the downstream EPC projects
8The Megha way
8The Tata Projects way
8And, the L&T, Technip, Toyo way

Megha is a newcomer to the downstream industry
8It is a close-knit, closely held company. The owners are furiously publicity shy
8While Megha is new to some, it has been around in the hydrocarbon industry for sometime, according to the company.
8Will it be hiring more people?
Find out more

Technimont wins a project
8It is it's sixth project, says company

Looks like we got in wrong when it came to award of FEED for Crown LNG's 7.2 MMTPA LNG project off Kakinada
8It did not go to who we thought it went to, instead it has gone to someone else

Two pipe manufactures -- Welspun and JSW -- carry a huge amount of clout in the industry
8Also, effectively, they have stopped imports from coming in
8Here is a backdrop on these companies

The short-run marginal cost (SRMC) of US LNG exports to the Asian market has risen to about $5.60/mn Btu as of June 2021, up 65% from $3.4/mn Btu in mid-2020 and 30% higher than last year’s average of $4.30/mn Btu.
8Clearly, with spot prices at $12/mmbtu, GAIL cargoes into India can easily turn in profits

Most companies commit to carbon neutrality in 2050 but here this Adani company which is committing to the following
8Committed to become Carbon Neutral Company by 2025
8Committed to achieve Zero Waste to Landfill for all the ports by 2025
8Committed to replace Single Use Plastic Waste by 2025
8Committed to carry out mangrove afforestation in 4000 Ha area and terrestrial plantation in 1200 ha area by 2025

ONGC is looking at geothermal energy
8And looking for EOIs
8Temperatures can go up to 200 degrees C

Almost two-thirds of India’s demand expansion up to 2024 will come from fuel substitution, primarily from liquid fuels to gas.
8Nearly 40% of India’s net demand growth is expected to come from industrial users, while the remaining growth is roughly evenly split between the residential, transport and energy sectors
8Also know more about carbon offset LNG, get a detailed update on this, who has imported how much
8Spot prices may reach $14/mmbtu by end of the year