Prices for BGE were quoted lower in the Kandla market today.

DEG prices have been revised at Hazira.

A revision in MEG prices has been announced in Mumbai.

LLDPE Film prices have moved lower in the Indian resin market.

On June 14, 2021 the Indore market witnessed a fall in PC (2407) prices.

8This Indian company has begun implementing a plant in the US which will in Phase 1 of the project, manufacture Maleic Anhydride, Malic Acid and Fumaric acid
8The total annual capacity will be 40,000 metric tons and the production will cater to customers in North America, Europe and Latin America

8Air Products has become a gigantic global company
8And its plans, including those in the chemical and petrochemical sector, are gargantuan

Air Products and its subsidiary Air Products Canada Ltd, in conjunction with the Government of Canada and the Province of Alberta, have announced a multi-billion dollar plan to build a landmark new net-zero hydrogen energy complex.
8This will have all-round implications

8Can we expect N-butanol prices to climb
8Looks like global supplies are tight

8Is a weak trend emerging in Diethylene Glycol

8Nayara refinery’s plans to double its capacity to 46 MMTPA was objected to but the objections have been overruled
8Find out on what ground they were dismissed

8IOC has been experimenting with hydrogen production and dispensation for several years now
8No wonder therefore it has the first mover advantage
Find out more

8French energy major TotalEnergies explores ammonia as an alternative marine fuel by participating in a series of relevant industry initiatives
8This will be a boost to the chemical industry, if this happens on a large scale

8Find out how fast fashion is finding it difficult to get over its commitment to go sustainable with the use of plastics
8Currently nearly 88% of new listings on website contain as much as 88% plastics
8How is the industry that is promising to go sustainable, some as early as 2025, dealing with the problem?

8Get the latest update on chemical cargoes getting imported to India 

8An update on COVID-2 and impact on Indian ports, as of today

The capacity underutilization in Ennore, IOC's 5 MMTPA LNG terminal is evident from the amount of traffic that the port sees every month.
8One cargo has just sailed away on the 10th of June
8The next cargo is now expected on July 1
8This is a gap of 20 days
8The dates may vary, but for a 5 MMTPA LNG terminal to get a cargo of LNG every 20 days reflects the pathetic state of some of the LNG terminals in India
8IOC says that utilization levels are low because, for a multitude of reasons, the pipeline evacuation network is not in place

8Urea
8Rock phosphate
8DAP
8Sulphur
As per our import data for fertilizers, these are the main items of imports

IOC's Paradip is a large refinery
8And around 1.72 million tonnes of crude is lined up
8And the crude is sourced from:
 -- Qua Iboe
 -- Basrah
 -- Zirku Island
 -- Ras Tanura
 -- Angola
 -- Agmami

OIL has received a good set of bids for its five 2000 tonne onland drilling rig contract.
8The technical bids were opened

Petronet LNG has a large capex plan
8And we have a fairly detailed break-up
8Also, what did Sri Lanka asked for that forced PLL to drop its plans
8What kind of slope to Brent is it looking at when it comes to future sourcing deals?
8Why has PLL dropped all its overseas plans?
Find out more

Under intense pressure from the government, ONGC seems to have finally turned around now, and to begin with, has sought "technical" assistance to enhance the life of most of its North Eastern assets.
8Help has also been sought for newly acquired assets
8What is of greater interest is that OIL and ONGC are collaborating to offer joint assets for such assistance
8The company has now admitted that ONGC would expect to "go along with the prospective partners towards realizing the value of these resources"
8From ideating to actual implementation, it is still a long way off, but the process has begun
8Hopefully, this new initiative will not fizzle out like similar ones in the past

Existing gas pipelines will eventually have to push a mix of hydrogen and gas, as regulations harden
8Attempts to decarbonize gas has already begun
8A 10-year deadline has started ticking already

8Nayara is looking for dedicated domestic gas supplies for its refinery complex
8Domestic gas is cheaper than any other source of energy at the moment

Some updates on Petronet LNG:
8New domestic gas can impact spot and short-term LNG volumes  but eventually gas demand will be much higher (70-90mmtpa in CY30 vs. 46mmtpa now). Meanwhile, the company says that the gas ceiling is expected to go up to USD5-6/mmbtu in the next revision for offshore gas.
8One of Kochi's primary customer, FACT, is cannot operate at a rate higher than $ 8/mmbtu whereas spot is at $10/mmbtu
8The use or pay was invoked on tolling customers, where 2 out of 3 have not paid but as per contracts are liable. Discussions are on, and will be resolved shortly, maybe by this quarter.
81,200 kms radius of virtual pipeline can be set and economics is favorable. LNG is 25-40% cheaper than diesel. Initially, payback will be longer (less than 5 years in steady state) and offtake low but market will develop. 50 stations are inaugurated. PLNG targets 3.5mmtpa volumes by CY30.