What is the latest on IOC's Dumad Petrochemical project
8There were two packages, an N-Butanol package and a butyl acetate and acrylic acid complex
8One package may be slipping into a retendering stage while negotiations are on with the other.

Plug and play system that can plugged up to a gas turbine but will use hydrogen instead of gas is a big advancement
8The system comprises a photovoltaic system, an electrolyzer, a membrane compressor, a hydrogen storage unit, a fuel cell, pipes, and control units, and the assembly as a whole is connected to a gas turbine test facility.
8And it comes in two containers

There is still a fair amount of confusion over what is going on with the Rajasthan refinery, which is a massive Rs 40000 crore refinery-cum-petrochemical complex bidding process.
Here is an update in terms of bidders for:
8Packages already awarded
8Financial evaluation completed and LOI pending
8Technical evaluation completed, financial evaluation and LOI pending
8Under re-bidding
Click on Details for more

EX-Satyam Group has announced a revision in its ethyl acetate prices.

As per reliable sources, MEG prices in Delhi market have been increasing since the last few days.

On December 16, 2020, Petrochem sources confirmed that phenol prices have slipped at Mumbai/Kandla port.

Get the most accurate chemical prices here, for the day.

8DCW is getting in a 4200 tonne cargo of VCM
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8Supreme Petrochem is getting in a 6200 tonne styrene monomer shipment 

8Base oil Aramco Ultra2 is being brought in by Pidilite Industries
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8Jubilant is getting in a cargo via BP from Kerteh
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8Crescent Organics is bringing in a 15000 tonne shipment of methanol
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8A 38000 tonne carbon black cargo is coming in for PCBL from Houston
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1.08 million tonnes of chemical imports
8All lined up

Get the full fertilizer import lineup here
8Also know more about the total weekly imports of fertilizers, in an easy-to-refer format

A Bharat Oman Refinery crude oil delivery was cancelled. It was meant to arrive at Sikka on the 19th. Such cancellation are rare in the industry.
8Between Bharat Oman and RIL, Sikka has 2.3 million tonnes of outstanding crude deliveries in the coming days
8Crude from multiple sources are coming in at Sikka

138657 cubic metres of LNG imports coming in
8GSFC has two cargoes lined up

JBF Industries Ltd increases PET prices with effect from December 16, 2020.

Reliance Industries Limited has announced a revision in PET prices.

Domestic producer Chiripal has announced a revision in PET prices.

Most of the market players are of the opinion that PP, HDPE and LLDPE prices are likely to be increased.

The bidding for the PX unit in Paradip ended yesterday
8There was one surprise bidder among the lot
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With private sector contracts, it is very difficult to predict how the final awards are going to go.
8Anything can happen at the last moment for private companies are not bound by CVC guidelines .
8But from inputs that we have gathered from various sources on the ground, there is a certain way it is going as far as all three packages are going.

The fear of the pink slip after they were served on Petrofac and GS Engineering executives has now started pervading the atmosphere in all downstream technology and EPC companies.
8We did a survey of a bunch of these companies -- from TechnipFMC to L&T to Toyo an others --  to find out how real is this fear.
8Are they going to serve pink slips too?

Here is what we have found out

OPaL, the petrochemical wing of ONGC, has had a slow start
8But the going from here is going to be very fast indeed
8OPAL's market segment will grow at a rate of 8-10% every year
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