Acrylonitrile prices, on April 27, 2022 witnessed a fall in the Kandla market.

N-butanol prices were assessed lower in the Mumbai market today.

8The agrochemicals sector grew in mid single-digits in H1 FY22
8H2 was challenging considering RM price fluctuation and non-availability issues

An old problem has come to dog the industry again.
8A letter has come saying that against duty drawbacks, payments against various shipping bills are not closed and thus, the exporter is liable to pay the necessary duty drawback

8Get the March consumption data for POL and natural gas in India
8A comprehensive set of data is available

Get the Asian outlook here for
8Naphtha
8MTBE
8Toluene
8Ethanol
8Isomer-MX

8Delhi Pollution Control Committe has issued a new list of prohibited single use plastic items that will be effective from 1st, July 2022

A webinar on “Bonded Manufacturing & Warehousing Scheme” will be held on 5th May, 2022 and will cover the following topics:
8WTO compliant
8Duty free import of machinery
8Duty deferment on inputs
8Ease of compliance
8Less returns
8Comparison with other export incentives

8This new biodegradable solvent reduces environmental impact and offers efficient and safe solutions such as formulation of phytosanitary products, paint stripping, graffiti and resin clean-up, industrial cleaning and agrochemistry

8Sun Chemical will present its solutions for a variety of applications, on stand A40 (Hall 6.2) at FESPA 2022 (31 May – 3 June 2022, Messe Berlin, Germany) under the theme of ‘Solutions in Motion’
8Find out what products the chemical giant is going to display

8A global materials solutions provider and manufacturer of plastics and latex binders has announced the launch of a more sustainable version of its established MAGNUMTM ABS resins for automotive applications

8GNFC intends to procure toluene under Direct Import on CFR, WCI Sea Port basis
8This if for its Bharuch and Dahej plants
8Find out how much the monthly requirement is

8Rubber Board's electronic trading platform for natural rubber, dubbed 'mRube,' is set to launch in the middle of May

8Rubber futures prices have fallen on all major exchanges due to concerns over economic slowdown in China and developments elsewhere worldwide
8JPX also reported declines of 2-4% on major NR futures trading exchanges

8Indorama Ventures, a global sustainable chemical company, completed the acquisition of Ngoc Nghia Industry, one of Vietnam’s leading PET packaging companies

8The Indian Ministry of Environment, Forest and Climate Change (MoEFCC) published Plastic Waste Management (Amendment) Rules, 2022 which provides details on Extended Producer Responsibility (EPR) for plastic packaging

8Higher performance is being seen in companies with more biologic, recyclable, or low-carbon product portfolios and in companies with sustainability tailwinds in their end markets

8A prominent CGD operator made a ridiculous demand for waiver of timelines before the PNGRB

8State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields.

8State-run explorer ONGC missed its capex target by 11 per centwhile refiners Indian Oil, BPCL and HPCL exceeded their respective targets for 2021-22, as per the oil ministry data. State-oil companies spent a combined 1,04,600 crore, meeting their capex target for the year.

8VEDANTA has invited bids for natural gas from its Barmer field in Rajasthan at a floor price of $7.1 per mmBtu, according to the eauction document.

8India has the most number of proposed coal power plants after China. Also, 2021 saw 13 per cent decline in global coal power plants under development. This was revealed in the latest Boom and Bust report released by Global Energy Monitor on Monday.

8The global capacity of power plants fired by coal, the fossil fuel that emits the most carbon dioxide when burned, rose nearly 1 per cent last year as the world recovered from the COVID-19 pandemic, according to a research report by a US environmental group.

8Oil slumped to about two-week lows on Monday, extending last week's decline, as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to US interest rates would hurt global economic growth and oil demand.

Ammonia Storage Tank Greenfield Project
8Cost: 88 Cr.
8Project Event: The procurement of long-lead items by Toyo Engineering is ongoing. Construction is likely to be started at the end of May 2022 due to a delay in the purchase. Toyo was 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.
NPK Pilot Plant Greenfield Project
8Cost:90 Cr.
8Project Event: The Pilot Plan is still in the progress at the Company’s R&D department, Which is likely to be completed in Q2 FY 2022-2023, Based on inputs from the R&D department, the development of a pilot plant shall be taken up. RFQ for the equipment and services is likely to be completed in Q2 FY 2022-2023