News & Bulletin Updates

Electric cars account for 50% of all cars sold in Shanghai
8Overall, 25% of all cars sold in China is electric.
8And China is so far ahead that no other country can bridge the gap
8Also, charging infrastrucutre that we break our heads about in India is not a big deal as that is never getting used
8What happens to oil demand once the craze picks up in India? Like with all things, it will be quite a while before there will ever be a dip in oil demand
8It has not happened in China either
8But there are important lessons here for all refinery owners as well as CGD companies
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India and China compete for a special kind of Russian crude
8This is even as ship-to-ship transfers come under increasing scrutiny
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There is a whole lot of activity around green ammonia these days in India and everyone talks in big numbers
8Here is a project for a 1 GW green ammonia project in Gujarat, India
8And then, there will be a receiving terminal too in a foreign country, also to be developed by the same promoter
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Here is more on the Ennore LNG terminal
8Capacity utilization
8Regasification charges
8Take of pay arrangements
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Mar 10, 2023: Announcements

8Mercator Ltd: All round gloom Details
8Two foreign directors in this domestic E&P company Details 
8EC clearances ahead for some E&P blocks Details
8Smart meters for gas: JV announced Details
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This Hyderabad-based Megha Engineering look-alike is in the good books of those who who what have worked with it
8That gives the company a major boost and the extra push that it needs to forge ahead
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The Barmer refinery is mean to start up in January, 2024
8That is what the petroleum minister has announced publicly
How will that be done, the website gives you a full overview

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Afcons has won a big refinery tender
8It will come as a huge shot-in-the-arm for the company
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8Andritz is contributing to the European steel industry's technological revolution, which aims to produce and process CO2-neutral steel by 2050 and break free from fossil fuels. With a new furnace design, Andritz is already helping to save energy and reduce emissions.
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8Continental AG plans to withdraw from the Russian market due to challenges brought on by Russia's war on Ukraine, which drove up prices for goods, raw materials, and energy.
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8The biggest concern in the industry is currently Germany since the country’s competitive position has deteriorated internationally. This applies to the competitive price situation as well as the high labour costs.
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8Michelin said it had earmarked €170 million for the next five years to implement the program, which was initially launched in 2020.
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8Whatever sanctions the EU imposes, the impact on Russia is too small but households and entire industries in Europe are suffering from higher product costs, higher energy costs, and disrupted supply chains.
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8Tokai’s Borger, TX facility was the first carbon black plant in the world to achieve ISCC Plus certification in early 2022. This certification allows Tokai to provide sustainable carbon blacks from two plants using a mass balance process.
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8Retilox, a Brazilian company specializing in developing customized curing systems for the rubber industry, appointed Valex Group as its distributor of crosslinking technology in the United States.
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8The global market for Silicone Coatings is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
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8Strikes over proposed changes to pension rights have halted oil product deliveries from all of France's refineries.
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8Get the latest rubber prices in Singapore
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8TotalEnergies is developing its renewable activities in Poland by acquiring the country’s main biogas producer, Polska Grupa Biogazowa (PGB), and a 200-megawatt (MW) development pipeline of solar projects.
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8The new 3,000 MTPD sulfuric acid plant will feature MECS HRS technology to harness waste heat for steam generation which will be converted to carbon-free energy
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8Aimia will acquire Giovanni Bozzetto, an ESG-focused provider of specialty chemicals, manufacturing over 2,000 proprietary chemicals to service its core textile, water solutions, and dispersion end markets.
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8The new product has a bio-based content of over 70 percent, providing manufacturers
 with a sustainable and eco-friendly alternative to conventional isononanoic acid. To meet
 the growing demand for carboxylic acids, the company has recently invested in a
 the capacity expansion project in Germany.
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8Due to expanding economic activity and rising developmental activities, nations like India, China, and Japan are anticipated to grow in the thermoplastic vulcanizates market.
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8After Bureau Veritas assessments, Huntsman’s Rotterdam and Wilton’s UK manufacturing facility received the International Sustainability & Carbon Certification (ISCC PLUS) for mass balancing. ISCC PLUS is a global sustainability certification system that allows you to track the volume and sustainability of circular and/or bio-based content across the value chain.
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8Energy security and geopolitical considerations have created the conditions for increased LNG imports. However, they have also spurred long-term measures to reduce overall European gas demand through government actions and the market mechanisms by which consumers have adapted to the higher prices for natural gas and LNG.
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