CIIR grade 1066 prices registered a sharp fall in the rubber market of Mumbai. 

Hexane prices in the Kandla port have fallen sharply.

Domestic market sources reported a rise in Kandla’s MIBK prices today.

VAM prices have drifted higher in the Mumbai market.

A cut in methylpropanediol prices has been announced at Kandla.

Petrochem sources at Hazira have reported a significant rise in octanol prices.

On March 4, 2022, Petrochem sources reported a fall in acetone prices in the Kandla market.

Butyl Acetate prices have witnessed a fall in the Hazira market.

A reduction in MEK prices in the domestic market of Kandla was noted on March 4, 2022.

Prices for benzene are raised at Vizag.

A revision in PP and PE prices has been announced by OPaL.

A revision in GPPS prices has been announced by Supreme Petrochem.

The following is the capex plans of a chemical company:
8Light Soda Ash Plant of Capacity 3000 TPD
8Dense Soda Ash 1500 TPD
8Sodium Bicarbonate 600 TPD
8Solid Fuel based Captive Co-generation Power Plant (120 MW capacity)
8Seawater Intake and Effluent Disposal System

8Russian invasion will lead to prolonged global fertilizer supply crunch
8Global fertilizer companies register sharp increase in share prices

The city gas distribution companies are facing an uphill battle.
8APM allocations which were curtailed during COVID have not been raised as yet now that demand for CNG has flared up. There has been delays of a few months in this revision
8And the gap had to be plugged using spot gas
8There is now going to be an increase in APM gas price as well
8For industrial and commercial supplies, all supplies are not backed with long term contracts, so there is a problem there too
Find out here to understand the issued faced by CGD companies today

A tender for a green methanol plant will be released next month
8The technology licensor has already been selected

Here is a petrochemical project where technology supplier has been selected
8Find out who the FEED provider is
8Also, an active limited circulation tender has been floated to take the project to fruition
8Project cost is estimated at between Rs 8000-9000 crore

India Glycols Ltd has emerged as the largest manufacturer of bio-based Ethylene oxide and its derivatives.
8It uses green technologies to manufacture wide range of products such as glycols, glycol ethers and its derivatives, bio based ethylene oxide and specialty chemicals
8IGL has successfully established a Joint Venture (JV) with Clariant
8The joint venture is expected to become a leading supplier of renewable materials to the rapidly growing markets in India and neighboring countries through a combination of its production and distribution capacity

8HTE – the high throughput experimentation company - was selected by Gevo Inc., a pioneer in sustainable, low-carbon biofuel and chemicals, to advance their understanding of the catalytic dehydration of biogenic isobutanol to form isobutylene

8The job of a high powered consultant in the chemical industry is vacant

8Plastics chemical recycling solutions company Axens and Polyethylene technology company Univation Technologies are collaborating to improve operating efficiency for Olefins used in Polyethylene manufacturing

8Korea to newly add 54 chemical substances as "intensively controlled substances"

8“The Beast” ES2000 shredder from BCA Industries has a new electric power option for plastics processors that recycle in-house waste plastic, and large recycling facilities that need to efficiently handle plastics

DSM Engineering Materials announced the expansion of its high-performance materials production capacity at its Jiangyin plant in Jiangsu Province, China.
8Work on an additional compounding line began in February, with completion expected in 2023
8The new line will help DSM to meet growing demand for high-performance polymers used in a wide range of end-applications – particularly for electric vehicles and in electrics, and electronics – and will help drive the shift to a low- carbon, circular economy

8Mody Chem has a wide product portfolio which includes about 20-25 types of chemicals including phenol, acetic acid, acetone, dimethyl formamide, methanol, melamine, ortho xylene and toluene catering to the needs of various end user industries like pharmaceutical, resin, dyes, paint and formaldehyde
8But the margins are thin