8The governemnt  has directed PFC and REC Ltd to take necessary action to arrange short term loans for six months with adequate safeguards, for ICB plants which are under stress
8These plants need working capital to buy coal and start generating power to restart their operations

8Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices drove up shares and tech stocks slumped.

8Finance minister Nirmala Sitharaman in the 2021 Union Budget had announced the monetisation of oil and gas pipeline assets of IOC, GAIL and HPCL.

8Oil marketing companies including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India, the government said in a press release on Wednesday.

8Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year.

8A purely mechanical method can produce a novel, more sustainable fertiliser in a less polluting way.

8ReMo Energy has announced the launch of its first commercial product, a nitrogen fertilizer that addresses the combined challenges of high fertilizer costs and climate change. ReMo Energy has been founded to make fossil-based chemicals from renewable energy.

8Zuari Agro Chemicals group company Paradeep Phosphates Ltd, where the government holds a 19.55% stake, is launching its initial public offering (IPO) on 17 May, the company said in a stock exchange filing

On May 12, 2022, the Kolkata market witnessed a small rise in formaldehyde prices.

An elevated trend is noticed in MIBK prices.

The Ahmedabad market witnessed a fall in BPA prices.

C5 petroleum resin prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

On May 12, 2022, Petrochem sources reported a significant fall in tetrahydrofuranprices in the Mumbai chemical market.

A lift in glycerineprices in the Delhi market was recorded today.

On May 12, 2022, Petrochem sources confirmed that manganese oxide prices have slipped in the Ahmedabad market.

A huge cut in copper rod 3mm oxygen-free copper wire prices was noticed today in Delhi.

Polyester prices moved down today in the Delhi market.

Butyl cellosolve prices were quoted lower in the Kandla chemical market today.

Atrazine prices have started gaining in the imported market of Ahmedabad.

DMC prices have improved in the domestic market of Mumbai.

Polymeric MDI prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

Zinc oxide prices registered a rise in the market of Delhi.

Nickel prices registered a sharp rise in the market of Mumbai.

Bright aluminum  wire prices have climbed in the Mumbai market today.

Diethanolamine prices have moved upwards in the Mumbai chemical market today.