8Reliance Industries Limited (RIL), one of India's leading petrochemical producers, has announced a significant reduction in the price of Purified Terephthalic Acid (PTA)

8Indian Oil Corporation Limited (IOCL) has announced an increase in the basic price of Monoethylene Glycol (MEG) by Rs.0.80/kg

8Indian Oil Corporation Limited (IOCL) has announced an increase in the basic price of Diethylene Glycol (DEG) by Rs.0.80/kg

8Indian Oil Corporation Limited (IOCL) has announced a reduction in the basic price of Purified Terephthalic Acid (PTA) by Rs.3/kg

8Supply of grease molykote & high temperature bearing grease
8Procurement of pta hydrogenation catalyst
8Supply of empty oxygen gas cylinder
8Petrol and diesel prices remain stable for 158 days in Chennai
8Liquified Hydrogen Bunkering will be More Complex than LNG
8Biogas upgradation and bottling project case study of Raj Process Equipment & System
8Illegal petrochemical dumping damages treatment plant
8ONGC enhances stake in OPaL to 92.27%
8Restart of Mitsui Chemicals ethylene plant delayed
8India to miss 15% natural gas target
8Lummu secures Petronet LNG deal for new PP Plant in India
8GAIL inks MoU with Petron Scientech to setup bio-ethylene plant in India
8Oil prices slip for fifth session on demand worries

CNG prices had gone up and that caused a downturn
8But a resurgence is seen

The government is giving one more push to green hydrogen
8But for a distributed system

8Yara International ASA Announces Strategic Divestment in Ivory Coast [Yara]
8Intimation pursuant to regulation 30 of SEBI [RCFL]

The fertilizer industry in India is not moving much
8Finding senior level jobs is tough
8But here are a bunch of them

Public sector refiners have been tentative so far when it comes to setting up green hydrogen projects
8Some have ventured forward to set up in-refinery hydrogen projects but the cost-economics not at all in favour
8But all that is now changing, and refineries have been told to rev up

Global ammonia prices have been range bound for now
8But the arithmetic sits badly on some DAP producers

8Proceedings of 36th Annual General Meeting [MRPL]
8Prior Intimation of Board Meeting [Savita Oil]
8Transcript of Earning Conference Call [EKCL]
8Intimation Regarding Imposition Of Fine By BSE & NSE [GSPL]
825th Annual General Meeting and Record Date for the oavment of Dividend [GSPL]
8Intimation Regarding Imposition Of Fine By BSE & NSE [OIL]
8Business responsibility and sustainability report FY- 2023-24 [OIL]
8Annual Report of the Company for FY 2023-24 [OIL]
8GAIL and Petron sign MoU to explore setting up a bio-ethylene plant in India [GAIL]
8Intimation Regarding Imposition Of Fine By BSE Ltd. & NSE Ltd. [CPCL]
8Intimation Regarding Imposition Of Fine By BSE Ltd. & NSE Ltd. [IOCL]

8Project Name: Kannur Kasargod District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

8Project Name: Kozhikode & Wayanad District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

This is a huge downstream petrochemical tender
8And it is complex, and many bid extensions have been given
8All queries have been addressed, and the role of the consultant has been clearly demarcated
8Even so, one wonders why the bid submission date had to be extended time and again

The Maleic Anydride project of IOCL seems to be an example of how there has been a slow drift in the company towards unprofessionalism under the new dispensation.
8The way it has been done is now how it should be done
8And clearly, the government is not helping either while obfuscating in selecting a new chairman of the company.
8Let us go step by step on how IOCL did this project formulation all wrong.
8It points to sloppy work, a far cry from the professionalism seen in that company before the present dispensation took over.

Basell Polyolefine GmbH has made the grade
8The scope of work has been amended accordingly for this giant petrochemical project.

8Even as there is cynicism about whether green ammonia can ever be able to touch the magical below $500 per tonne price (as of today the price of ammonia bought by India is $400 cfr as reported by our sister site, www.indianpetrochem.com), the country's largest buyer of ammonia says that this price benchmark is just around the corner.
Find out more on what it is learned.

8Adani-Total has appointed a new boss

8In recent times, the market for SEBS 503, a product manufactured by LCY Group, has witnessed notable fluctuations in its pricing dynamics. The Delhi market, which serves as a critical hub for SEBS 503 trading activities, saw a price change today. On Aug 23,2024, the rate of SEBS 503 experienced a decrease of Rs.7/kg, shifting from Rs.230/kg recorded on August 16, 2024 to Rs.223/kg. This decrease in price underscores the ongoing fluctuations and the need for market participants to remain vigilant and adaptable in response to changing market conditions.

8A quick look at today's developments in E&P and midstream-downstream, and CGD section

8The Delhi polymer market has experienced a significant price drop in Styrene-Acrylonitrile Copolymer (SAN), specifically the San-Natural grade. According to the latest update from Indian Petrochem analysts, the price of SAN has decreased by Rs. 3 per kg, bringing it down to Rs. 157 per kg as of August 23, 2024. This reduction follows the previous day's rate of Rs. 160 per kg on August 22, 2024.

8The Mumbai polymer market has seen a significant drop in the price of Polyethylene Terephthalate (PET), grade G5801. According to the latest update from Indian Petrochem, PET prices have fallen by Rs. 2 per kg, decreasing from Rs. 113 per kg on August 22, 2024, to Rs. 111 per kg on August 23, 2024.

8The Ahmedabad polymer market has seen a notable increase in the prices of Polyamide 6 (PA 6), specifically the E35 grade. According to Indian Petrochem analysts based in Ahmedabad, the price of PA 6 has risen by Rs. 2 per kg, reaching Rs. 202 per kg as of August 23, 2024. This marks an increase from the previous day's rate of Rs. 200 per kg on August 22, 2024.

8The Delhi chemical market has seen a notable increase in the price of Dioctyl Adipate (DOA), reflecting the market's sensitivity to supply and demand dynamics. As of August 23, 2024, DOA prices in Delhi have surged to Rs.176 per kg, marking a Rs.4 per kg rise from the last recorded price of Rs.172 per kg on August 17, 2024.