8Elevated price trend continues for the energy-intensive chemicals and chemical segments using crude derivatives as inputs
8Performance no doubt will be aided by run-up in prices and uptick in activity in end-user segments; however, elevated prices may lead to demand headwinds Credit profiles of most players are likely to be supported by diversification, and manageable leveraging

TATA Steel’s future investments focused upon
8Pellet capacity to increase from 7 to 13 MTPA
8Iron ore mining to expand from 30 to 60-65 MTPA
82.2 MTPA CRM complex close to commissioning
85 MTPA expansion on track
8NINL acquisition to facilitate rapid growth

8Re-appointment of Mr. Surendra Reddy Rachervuas the Managing Director of the Company
8Re-appointment of Mr. Varun Kumar Pasham as the Whole-time Director of the Company

8Michelin announced its plans to transfer all of its Russian business to local management by the year-end. The decision comes after Michelin suspended its activities in Russia on March 15 in response to Moscow's invasion of Ukraine

8A new Senior Vice President has been appointed for Elkem's Silicones division, a leading global player in fully integrated silicone manufacturing. He will step into the role with immediate effect and be based in Shanghai, China

8Chinese tire maker Sailun Group has announced plans to build a major tire manufacturing facility some 40km south of Qingdao city

8The German Rubber Society (DKG) has honoured sponsors and personalities who have contributed to the development of knowledge and technology in the industry during the ongoing German rubber industry event DKT IRC 2021 in Nuremberg

8Toyo Tire announced that effective August 1 2022, the company will increase the dealer base prices on select passenger car, light truck, and commercial tire patterns by up to 5%. The price increase is a result of continued increases in raw materials and logistics costs

Reliance Industries Ltd announces a roll over in PP prices.

A revision in PE prices has been announced by Reliance Industries Ltd.

Reliance Industries Ltd has slashed domestic PVC prices.

A sharp cut in domestic PET prices has been announced by Dhunseri Petrochem Ltd. (ASPET).

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8A draft plan has been drawn up for carbon capture in E&P projects in India too

8A new refinery expansion is coming up ahead

8This LNG terminal expansion of Rs 12,000 crore is coming up

8This 5 MMTPA LNG terminal has got itself a consultant

On June 30, 2022, the Delhi market witnessed a rise in DEG prices.

Toluene prices in the Ahmedabad market have registered a fall today.

Petrochem sources reported a significant fall in DOP prices in the Delhi market.

An elevated trend is noticed in MEG prices.

India has drawn up a grand green hydrogen strategy. There is no harm really in aiming for the skies to and on the treetops
8The world’s largest electrolysis (green hydrogen generation) capacity of over 60 GW/5 million tonnes by 2030 for domestic consumption. This will help India meet the 500 GW renewable energy target
8The world’s largest production of green steel at 15-20 million tonnes by 2030 — a pioneering effort to make green steel mainstream for the world
8The world’s largest electrolyser annual manufacturing capacity of 25 GW by 2028 delivering affordable ones for India and the world
8The world’s largest production of green ammonia for exports by 2030 helping India’s allies to decarbonise. This may require up to 100 GW of green hydrogen
8$1 billion investment into hydrogen research and development to enable breakthrough technologies for the world at scale and the speed that is required
8So, what is the roadmap all about

Hydrocarbon sector jobs come far and inbetween
8Here are a few positions

Hopes of this new LNG terminal getting commissioned in 2022 has been dashed
8And attempts are to get it going in early 2023

Octanol prices have escalated in the Kandla market, today.