News & Bulletin Updates

8Evonik Fibres wins the Pegasus Business Award 2022

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8Brenntag to acquire specialty chemicals distributor stake in Saudi Arabia

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Swedish major, Perstorp is converting a large majority of the polyols produced at their largest production plant in Perstorp, Sweden, to Pro-Environment products.
8By doing this, Perstorp will enable reduced greenhouse gas emissions for its polyol customers and downstream value chains

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8Clariant launches natural ingredients digital tool for personal care industry

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8BASF said it has completed a double-digit million euro investment to increase production capacity for Tinopal® CBS optical brighteners at its Monthey site. Following phase one of the stepwise capacity increase in 2021, the recent completion of the investment program has now brought significantly increased capacity on stream to meet growing global customer demand

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8Yara International ASA board of directors’ said they signed a demerger and a merger plan for the internal reorganization and transfer of Yara's Clean Ammonia business to a wholly-owned subsidiary of Yara
8The internal reorganization is being implemented as a preparatory step for a potential initial public offering (IPO) of Yara Clean Ammonia (YCA) on the Oslo Stock Exchange

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8US-based Plaskolite, a manufacturer of engineering thermoplastics, including acrylic, PC, ABS and PETG sheet, lighting profiles and PMMA polymers, has acquired MXL Industries, a manufacturer of optical plastic products

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8There is a big polymer product transportation order coming up in India

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8Tata Chemicals explains its business model and how it intends to fine tune it in the future

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8In India, around 70% of Nitrile Butadiene Rubber (NBR) is imported, which creates good potential for Indian manufacturers
8And here is one company taking advantage of it

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8The ongoing nationwide strike by unionised truckers in South Korea are forcing several producers in the petrochemical hub of Ulsan to consider production cuts amid logistics disruption

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8Hanwha Solutions to become the largest shareholder of Norway-based U.S. polysilicon manufacturer REC Silicon, bringing total investment to $204 million and ownership share to 21.34%

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8Technip Energies will carry out a FEED to convert wood waste to renewable biodiesel

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8Venezuela and Iran are intensifying their relationship involving the petrochemical sector
8What is the politics behind it

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8New eco-friendly synthesis method uses alumina as a recyclable catalyst

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Jun 13, 2022: Bulk DEA requirement

8Requirement of bulk “Denatured Ethyl Alcohol (DEA)" has come up for an Ethyl Acetate Plant

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8What is Grasim Industries gameplan for the future?

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Jun 13, 2022: Rs 1000 crore club

8Gulshan Polyols Ltd has entered the Rs 1000 crore club

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8Kumho Petrochemical plans to appoint Chairman Park Chan-koo's oldest son, Senior Executive Vice President Park Jun-kyung, as the new executive director next month in an apparent attempt to accelerate a family succession

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Jun 13, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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The price bids for the high-cost RHCU unit at IOC's Panipat refinery has been opened
8And the L-1 bidder quoted very aggressively

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Megha had once quoted Rs 900 crore lower than the L-2 bidder to grab a refinery project
8Now it is quoting Rs 1600 crore higher than the L-1 bidder
So what really has changed with Megha?

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8The power ministry has nothing much to offer for gas-based generators

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Indian refiners are directly negotiating with Russian companies
8Traders are being sidestepped
8Also, India is lapping up large volumes of Russian crude now, up to a third of its demand, at heavy discounts

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Cyhalothrin 95%  prices witnessed a significant fall in the Mumbai market today.

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