News & Bulletin Updates

8Are you a supply of Tertiary Butyl Catechol?
8Here is an opportunity to strike a deal
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8Savla Chemicals Ltd manufactures chemicals such as isobutylene and HP MTBE, which are intermediary products used in the agrochemicals and pharmaceuticals industries, respectively.
8The going seems to good for now
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8The coronavirus has raised its head again in China.
8And this is impacting petrochemical production, sale and exports
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8Feedstock prices are going up so much that the spread between feedstock and end product is getting to be less lucrative
8Find out how this is going to work out
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8A major association is coming up with 2021 awards for chemical and petrochemical plants.
8Find out how to apply.
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8Central India can have a major refinery-cum-petrochemical complex to cater to rising demand.
8Find out how this logic works

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8A Rs 621 crore desalinization plant could free MRPL from the vagaries of water shortage and this will mean that the company will be able to run its petrochemical plants at better capacity.
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8Till just a short while ago, using ammonia as a fuel for generating power could have been unthinkable.
8And here we are now into the midst of commercial deals for just that
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8Propane demand and supply have climbed to unprecedented levels
8And this has implications for the petrochemical sector
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8The Asian winter is a bad one this time.

8Spot LNG prices have shot through the roof, and now feedstock for manufacture of plastics is also going through a supply squeeze.

8Naphtha prices are pushing up, thereby meaning that plastic processors are unlikely to get any price relief soon.
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On January 15, 2021, methanol  prices went down in the Ahmedabad market.

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Sulphuric Acid and Captive Power Unit Expansion Project
8Cost - Rs 300 crore
8Project Event: The project is still awaiting environmental clearance, and the review is ongoing, the project is likely to elicit environment clearance at the end of February 2020, RFQ for the PMC contractor is likely to be released in March 2021 whereas earlier it was expected earlier.
Ammonium Nitrate and Nitric Acid Greenfield Project    
8Cost - Rs 1375 crore
8Project Event: The project is still awaiting environmental clearance, clearance It is likely to be elicited in Q1 2021. RFQ for the PMC contractor is likely to be released in Q1 2021.

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8This E&P major had so far stayed away from the LNG business.
But not anymore.

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Now that prices are going up, the Daman Upside development is back in focus.
8It is a big project and well-placed ONGC sources said that the crude oil price at which the viability of this gas field was established was at $53/bbl +-20%.
8The offshore infrastructure is expected to centre on a new process platform, B-12, that will be bridge-linked to the existing B-12-11 wellhead platform.The project also envisages at least four new wellhead platforms — B-12-18-PA, B-12-18-PB, B-12-2-P and B-12-24-P. Several segments of subsea pipelines are also expected to be included in the project, with one source indicating that up to 150 kilometres of offshore lines could be involved. In the meanwhile, the existing Daman development involves the exploitation of the B-12 and C-24 marginal gas fields, off the country’s west coast.

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8Now that ThyssenKrupp has bagged an EPC contract for the first time, the focus is on its execution.
8Will the company be able to hire the right people for the job?

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8This Indian refinery owner has announced a low carbon hydrogen manufacturing project
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8China has imposed fresh lockdowns to contain COVID-19
8And this can impact fertilizer exports
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8IOC's 300,000 MT/year HDPE plant, located at Panipat was shut down.
8There is another petrochemical shutdown too in the same refinery
8Find out what is the status as of now

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8We have the full data of fertilizers coming into India
8This is imports coming in over the next few days

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8Get the latest shipments coming up in the next few days

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8Our daily Indian crude tracker is now at 7.6 million tonnes of crude from various parts of the world.

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Jan 14: Shell's Hazira LNG terminal has suddenly gone dry.
8Only one vessel, booked by ArcelorMittal for its steel mill is currently unloading its cargo. There is to be a list of about five or six cargoes lined up, all of them are gone now, as per our data
8GAIL is bringing in its long term cargoes
8All spot cargoes because of extremely high prices have dried up, leaving a big question mark over how India is going to cope with its gas demand ahead. More than 50% of India's gas demand is catered to by LNG.
8A shortage is likely as a whole lot of buyers were dependent on spot cargoes.
Get the latest vessel line up here,

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Indian Oil Corporation Limited has brought on-stream its HDPE plant.

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An Iranian producer has announced its offer for HDPE injection and blow moulding grade.

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A producer from the Middle East is heard to have announced its offer for LLDPE film grade.

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