News & Bulletin Updates

8The Pennsylvania facility is the first major polyethylene manufacturing complex in the Northeastern United States and has a designed output of 1.6 million tonnes annually

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8The Company also plans to augment the capacity utilisation of its SIOP plant to 100 percent with some line balancing Capex to generate an additional 10KT of production per annum and will invest Rs. 125 crores on both projects and anticipates a substantial boost to the profitability

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8The resignation of Narayan Krishnamohan was accepted by the board of directors with effect from the close of business hours on December 31, 2022

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8There are many ways that microplastics might enter the human body, including through the air we breathe, the food we eat, or the products we use

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8Classification society the Korean Register and the Ulsan Port Authority have signed an initial deal to allow vessels to bunker methanol at the South Korean port, in a bid to transform it into a low-carbon, eco-friendly energy hub in northeast Asia

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8Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 58% by 2026

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Nov 24, 2022: Chemical CAPEX plans

8Find out the latest CAPEX plans for the chemicals and petrochemicals sector in India

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8The expo has 270 manufacturers from 19 countries showcasing their latest technologies and development trends in the plastic and rubber industries

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8The EV-ready tire has been developed to meet customer demands and boost business efficiency

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Nov 24, 2022: Wire India 2022

8Teknor Apex will be bringing a new portfolio of products to showcase

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8Launched with initial support from the World Wildlife Fund, this pilot project aims to promote efforts to improve the traceability and transparency of natural rubber

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8Prior to joining Pirelli, the EVP served as the CFO of the engineering firm Saipem

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8New greenfield facility commissioned in UP

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8The Southeast Asian steel industry will be governed by the opposing drivers of overcapacity concerns and demand growth in the coming decade

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8The export duties, which were imposed in late May to curb inflation and increase the availability in the domestic market, increased Indian steel inventories by 20pc and sharply hit the margins of steel market participants in the first half of 2022-23

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We have more information on the RIL's petrochemical expansion from what we wrote yesterday
8There is now confirmation on the mode of contracting and what is next

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These are all offshore projects, divided into eastern and western offshore.
8Get a granular picture of the projects that are coming up
8And if you an offshore vendor, this is of great significance and it will keep you going for a long time if you can slice off this huge pie

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ONGC has laid down norms for what kind of vendors are needed for their $7 billion offshore investment.
8What kind of technical and financial qualifications are being sought
8Find out whether you can qualify

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Price cap on gas by Europe
8Will it work?

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Oil prices are trading at the lowest level since early October.
8But they are likely to go back up to $100/bbl and above

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8A smart new way of using flared gas or isolated gas has now come up

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Nov 24, 2022: Briefs

8A case has been made out here against the use of LNG-powered ships. There are cleaner options available
8Retired officers needed
8A market opportunities for new technology conference is coming up

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Ammonia Storage Tank Greenfield Project
8Cost: Rs 100 Cr.
8Project Event:  Feasibility study by conducting Impact Assessment and Soil Investigation has been out and bid due date is 12 Dec 2022, Toyo engineering is the single bidder for the 10000 MT double-wall supply with associated facilities on an EPCC- LSTK basis. The project is likely to be commissioned in Q2 FY 2023-2024.
Sulphuric acid Tank Greenfield project
8Cost: Rs 100 Cr.
8Project EventThe project is in the initial phase, and discussion is ongoing, RFQ for the LSTK contractor is likely to be released in Q2 FY 2023-2024

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Rs 4000 crore hydroelectric project: New promoter starts work after L&T drops out
8WAPCOS is preparing the DPR of the project. Application for forest clearance stage-1 is pending at the nodal office and wildlife clearance is pending at the wildlife warden. The consultant has started the preparation of the EIA/EMP report. Preparation of tender is in progress for thePMC package. Further bids are expected soon.
8RFQ for the PMC package is likely to be floated in Q1 2023.
Rs 18,700 crore thermal power plant: Contractors drop out
8Chinese sub-contractor had dropped out of the project taking project authorities into a spin.
 
8Cooling Towers sub-vendor is dragging its feet over the project
 
8Find out what is next with the project
 Rs 6930 crore pump storage project: Protests mar project
8Villagers have ganged up despite a high court order
8Even so, tender preparation is afoot
8RFQ for the civil work package is likely to be floated by Q1 2023
Get in touch with us for more on these project
 

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Nov 24, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8Crude
8LNG
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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