News & Bulletin Updates

8There is a lot of debate over blue and green ammonia, now that the revolution is on our doorstep.
For now, blue will be more than green.

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A whole lot of refinery closures are coming up
8But this is likely to more than offset fresh capacity coming online.
Get the entire list here.

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Find out why
8Asian ethylene prices are likely to ease
8The China propylene market is likely to trend lower
8Fundamentals in the Asian methanol market are expected to remain tight
Also know more on the outlook for
8MEG
8Acrylonitrile
8Toluene
8Orthoxylene

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On January 19, 2021, sulphuric acid prices moved up in the domestic market.

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On January 19, 2021, Petrochem sources confirmed that PG prices have slipped in the Mumbai market.

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BAM prices have increased today indicating a shortage of supply with a growing demand in the Kandla port.

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A revision in ethyl acetate prices has been announced at Ex-Satyam.

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Here is a round-up of all chemical prices in India
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8A total of 6.71 million tonnes of crude imports are getting tracked
8No major vessel waiting episode has been noticed in any of the crude terminals in India.
8This points to higher utilization of vessels and perhaps to minimal unscheduled maintenance as of now in Indian refineries.

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We are tracking around 75 lakh tonnes of rock phosphate, DAP, urea, and MOP imports Click on Reports for more

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889 lakh tonnes of chemical imports are getting tracked.
8This is as of late last week.
8Click on Reports for more

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Ammonia-Urea Revamp Project
Cost - Rs 6000 crore
Project Event: 99.80 % of the construction work has been completed, and the railway siding has been completed. Pre-commissioning is still ongoing, The commissioning is likely to be completed in February 2021. the schedule of commissioning was 31 March 2020. but due sudden lockdown of the country, authorities stopped all the pre-commissioning activities following the declaration of the holiday for employees, including outsourcing staff. The pre-commissioning works such as target plate flushing for turbine lines, Co2 section commissioning activities, and urea plant water flushing were stalled following the lockdown.

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Granular Single Super Phosphate Greenfield Project     
8Cost - Rs 148 crore
8Project Event: The project is still in the initial phase, and the proposal for the environmental clearance has been accepted and the review is ongoing, It is likely to be granted in Feb 2021. RFQ for the EPC contractor is likely to be released in March 2021.

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Critical projects were awarded for the Barmer Refinery by the HPCL-EIL combine.
But then capital approval is still pending.
Find out far out is the budget for the refinery is, as of now.

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The imminent transition of 11 of the 12 ports owned by the Central government from running as ‘trusts’ into ‘authorities’ will clear the decks for the biggest privatisation of cargo handling terminals.
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The BOO model is now sought to be extended to crude oil import terminals
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The latest datasheet we have is as of end of last week and that data shows Shell's Hazira terminal, otherwise busy around this time of the year, as hshowing no processing of any cargo.
8It is indeed a sad testimony to the multinational driven private sector business model  for LNG in India. With volumes from entities, like RIL drying up because of high prices, the terminal is left with no cargoes to handle.
8The public sector bears the load. "We have not missed out on a single cargo meant for our customers in India," a 8GAIL official told this website.
8Dabhol therefore has the usual GAIL cargoes coming in
8In Mundra, we could track a GSPC cargo from Bonny scheduled for January 25.
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Promoters of this particular bio-refinery is still wanting to go ahead. But work has got delayed as was the case with other 2G refineries
8Project Cost: 838 crores
8Project Description: The owner along with PMC contractor Engineers India Limited (EIL) is planning to construct an ethanol plant to produce 60 KL fuel-grade ethanol per day, primarily from biomass, and will use approximately 1.5 Lakh tons of biomass per year at Davanagere, Karnataka. PFR report was prepared by Engineers India Limited (EIL). EIA report was prepared by ABC Techno Labs India Pvt. Ltd. but the Environment Clearance (EC) has not been elicited yet.
8Event:: RFQ for licensor is expected in March-2021.

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It looks like the Bargarh 2G bio-ethanol project, in the petroleum minister's home state, has run into serious trouble.
Find out what happened.v>

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8Paraxylene is brought into India in large volumes and not just by RIL
Click on Reports to know about all paraxylene cargoes coming into India

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Trident Chempar Ltd is bringing in a shipment of methanol
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8SK Carbon is bringing in a carbon black cargo
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8Tricon Energy India Ltd is bringing in 5817 tonnes of butyl acrylate
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8Samsung is bringing in 5200 tonnes of styrene monomer
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8Marubeni is the exporter of 1200 tonnes of acrylonitrile
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