Triazolone (95%) prices rise in the Delhi market today.

Tetra sodium pyrophosphate prices were assessed lower in the domestic market of Mumbai.

8The specialty chemical sector continued to witness healthy demand during FY2022 and the trend is expected to continue. However, the profit margin has witnessed some pressure due to raw material price escalations

The topic “Roadmap for Circular Economy in Steel Sector” was a subject of recent discussion. During the meeting, the concept of circular economy was explained which involves minimisation of the use of natural resources.
8This also involves the adoption of the principle of 6Rs i.e. Reduce, Reuse, Recycle, Recover, Redesign and Remanufacture

8Why is that so?

The following capex plans are coming up:
8Rolled steel: 3.72 lakh TPA; Sponge iron: 2X350 TPD
8Expansion of existing steel plant
83600 TPA low carbon ferro alloy manganese plant and 3.50 lakh TPA cold rolling mill complex
8Expansion of sponge iron plant, induction furnace, captive power plant, rolling mill

A wide variety of natural materials are utilized to meet society’s needs. Plant fibres for textiles are dominated by cotton, followed by jute, and related plants and textiles have seen significant sustainable innovation in recent years
8Similarly, other approaches to managing plastic waste should include biodegradable plastics and compostable plastics 8Some of these are at early stage of development but hold significant promise

8This project is intended to make an important contribution to reducing greenhouse gas emissions, establishing the use of low-CO2 technologies in chemical production and reducing the site’s natural gas consumption

8The last date for submitting applications under MEIS, for exports made in the period 01.09.2020 to 31.12.2020, has been extended up to 31.08.2022

8Department of Revenue, Ministry of Finance has issued a notification which seeks to continue the exemption from Integrated Tax and Compensation Cess on goods imported under AA/EPCG/EOU Schemes

8ThyssenKrupp Nucera has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative to drive business awareness and active support for achieving the Sustainable Development Goals (SDGs) by 2030

8The chemical industry has finally woken up to the benefits of Industry 4.0 and is ready to spend in the face of challenges such as increasing margin pressures and a declining labour force

ECI Group has signed two license agreements for Process Technology and Engineering Design with a client in China.
8The two lines will be capable of producing 50,000 tonnes/year of Ethylene Butyl Acrylate (EBA) and 100,000 tonnes/year of Ethylene Vinyl Acetate (EVA)

Azelis announced that it will acquire 100 per cent of the shares of Chemical Partners and Chempart Polymers’ entities in Lebanon and Belgium.
8The company is an independent distributor of speciality chemicals with a strong foothold in the industrial chemicals market, particularly in Coatings, Adhesives, Sealants & Elastomers and Rubber & Plastic Additives, in Africa and the Middle East

8Get the latest rubber prices for Singapore

8POSCO Chemical has announced that both companies had signed on Memorandum of Understanding to develop and supply battery materials

Targa’s operations connect natural gas and NGLs to markets with increasing demand for cleaner fuels and feedstocks.
8The company’s premier asset base connects wellhead volumes in leading basins, including the Permian, with Gulf Coast and export markets

Borealis is strengthening its circular product offering with, a range of sustainable base chemicals.
8The new portfolio will offer base chemicals or cracker products (such as ethylene, propylene, butene and phenol) with ISCC Plus-certified sustainable content from Borealis sites in Finland, Sweden and Belgium

8The company is engaged in the business of manufacturing HDPE containers, plastic drums and barrels which are primarily used in the pharmaceutical, oil and chemical industries
8Since the company has not provided information to the rating firms, the stability of the company cannot be commented on

8In a new study, reactions employing different monomer ratios were performed, obtaining novel hydroxy carbamate compounds
8Finally, sequential and one-pot experiments were also carried out to synthesize the PHUs polymers in a one-step reaction

Ketul Chem Pvt Ltd is engaged in the trading of Petrochemicals, Styrene Resins, Chemicals, Polymer Products & solvents and Aroma Chemicals.
8Why is the company not cooperating?

Repsol has inaugurated a new production line which is intended to manufacture fibreglass-reinforced polypropylene (PP) compounds and will allow for almost a 30% increase in the production of these highly specialized, high-value-added materials, which are in high demand in technical sectors.
8The new line has required an investment of 4.5 million euros

Accord Chemical Corporation is a partnership firm. It is engaged in trading, indenting, distribution, imports, and exports of various petrochemicals.
8ACC has a diversified product portfolio of chemicals that are used in multifarious industries
8Its products are supplied pan India and abroad
8The firm’s customer base includes reputed names like DOW, Sumitomo Chemical, BPCL India, and Shell
8A diversified customer base along with reputed clients reduces counterparty risk

8This line of PVDF is a highly non-reactive, semi-crystalline, high purity thermoplastic fluoropolymer with a service temperature of up to 150 degrees Celsius

PTT Global Chemical America has announced plans for a new plastics recycling facility.
8The new complex will be an enclosed operation to manufacture recycled polyethylene and polyethylene terephthalate, a polymer resin related to polyester commonly used in products such as fabrics for clothing, food containers and resins used in manufacturing and engineering
8The facility will use that substance to make unspecified products