News & Bulletin Updates

8Focus Energy has claimed that it can produce 4 mmscmd of gas from its field at Langtala
8And a gas evacuation connection is crucial for that to happen

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The common carrier regulations are now being set to be put in place
8And a lot of standardization is expected, including about GSAs

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Mukesh Ambani has promised that his deepwater blocks will supply 30 mmscmd of gas by 2023
8The third field will come on stream in Q-4, 2022
Find out more

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8The European Union has banned imports or transfer of potash from Belarus as part of its wide-ranging economic sanctions.
8Find out more

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8Reliance Industries is investing in India’s first world-scale carbon fibre plant for supporting hydrogen and solar ecosystems.
8Know more about it

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Phosphoric Acid & Sulphuric Acid Greenfield Project
 
Owner in negotiation for basic engineering package
 Cost Rs 1800 crore
8EPC package will be released later
Rs 200 crore urea energy-saving project
KBR and Tecnimont were involved, COVID had delayed commissioning

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8A requirement for sulphur is coming up

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Major South Korean producer, LG Chemical, has offered its PVC In India.

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The international crude oil price of Indian Basket was quoted at around $74.24 per barrel on June 25, 2021.

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Acrylic (imported) prices were assessed lower in the Delhi market today

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ABS (MIF45)  prices have drifted down in the Mumbai market

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POM (imported) prices are slowly increasing in the Delhi market

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ABS (MIF45)  prices were assessed lower in the Delhi market today

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The Delhi market recorded low ABS (HI121H) IM prices today

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Gas is a big input in petrochemicals, it is the basic feedstock, outside of naptha, for ethylene
8But gas is under increasing attack as it has been found to be as polluting as other fossil fuels, including naptha because of fugitive emissions, and methane emissions are 10 times more polluting than CO2
8There is a now a global trend to bring down CO2 emissions in gas
Find out what is being done

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8Get the full industry consumption report for the month for the Indian oil & gas sector
8And this includes important feedstocks needed for petrochemicals

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8Around 43 per cent of all plastics used in India is for single use packaging
8To battle this, the government has issued guidelines

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Jun 24, 2021: Recycling news

8Repsol, Axens and IFPEN have developed a pioneering and patented process to enhance the chemical recycling of plastic waste and boost circular materials production.
8There are a couple of other recycling news which may be of interest
8Emeraude invests in recycled fabric manufacturer DGrade
8Synthos opens EPS recycling facility in the Netherlands
8LyondellBasell, Neste ink long-term renewable feedstock deal

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Find out more on why IOC chairman Shrikant Madhav Vaidya works 14-hour days and is in office Saturdays and Sundays as well
8The management structures in IOC has changed dramatically after he assumed chairmanship as well

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8Intense lobbying is currently on in the corridors of power over the issue of disqualification of Afcons because of the tragic loss of life during Cyclone TaukTae
Find out more

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8OIl India sees to be readying up for work on offshore block KK-OSHP-2018/1 OALP group

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8According to GlobalData, India is expected to lead the global urea capacity additions by 2030
8Find out how the Indian market, and the flurry of new urea units, are beginning to rule the global urea industry

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8Two of the world's largest companies have joined hands for a blue ammonia production project

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Ammonia-V revamp project (Rs 102 crore)
8In the midst of contracting
Completion expected during November 2021 shutdown

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At Hazira LNG terminal, the clientele as per today's data available with us is limited to GAIL, GSPC, IOCL, Reliance and Arcelor Mittal Nippon Steel India Ltd
8RIL is now buying gas out of its own fields in KG Basin, and though its demand for gas is high, imports will be curtailed to that extent
8GAIL will no longer ship cargoes via Hazira from August next year when its Dabhol LNG terminal becomes an all-weather port

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