India

Jan 13th, 2017

India produces baking powder from carbon dioxide

Indian manufacturers have learned to produce baking powder from carbon dioxide using a coal-powered boiler. A plant of Tuticorin Alkali Chemicals, a company that manufactures fertilisers, gets carbon dioxide from the boiler and uses it for making soda ash. This technology is the first in the world that involves the extraction of...

Oct 28th, 2016

Key vendors at global mining chemicals market will remain profit-making and competitive in the long run

Technavio’s report on global mining chemical market conveys the key global mining chemical players of the recent years that in prospect will keep their leading positions and impact the growth of the world chemical market. The global mining chemical market has much gained from the The share of the APAC vendors is 54% of...

Oct 21st, 2016

Manali petrochemicals increases the production of polyols

The production of polyols at the plants of Manali Petrochemicals, India will continue to grow. At the moment the company produces 50 thousand tonnes of polyols per year. In 2019 -2020, the company plans to increase investment to $ 160 million. This will allow increasing the production of polyols from 50 thousand tonnes to 150...

Sep 13th, 2016

The Indian chemical industry is prospering

As reported by Tata Strategic Management Group, chemical industry is tending to expand from $147 billion size up to $226 billion size by the fiscal year of 2020. The handbook “India Chem” published by Ananth Kumar — Chemical and Fertiliser Minister — presents the statistics that states that Indian chemical industry makes around 3 per...

May 19th, 2011

Indian Oil Corp to Invest Rs 4,500 Crore in Polypropylene Project at Paradip Refinery

Indian Oil Corporation plans to invest Rs 4500 crore in a 1.2 mln tpa polypropylene project at its Paradip refinery. IOC made its foray into the polymer business last year with a naphtha cracker at the Panipat refinery. However, stressed finances put the polypropylene unit on hold. The PSU has revived its plans for a...

May 12th, 2011

Naphtha/Gasoline Cracks in Asia May Not Continue to Stay Firm

Asia’s naphtha prices rose for the third consecutive day on Wednesday, to a four-session high, and have recovered most of the US$106/ton it lost in a single day last Friday, as per Reuters. Some sellers continue to be upbeat, on expectations of tight supplies next month. However, India’s Reliance Industries’ decision to cancel a term...

Jan 24th, 2011

Coal Market Trends of 2010

Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China. China, the world’s fastest growing major economy, has massive coal reserves, but the country’s energy consumption is growing so rapidly that...

Jan 24th, 2011

Firm Outlook in South East Asia’s PVC Market for February

PVC prices in Southeast Asia are expected to move higher in February, with initial offers for both local and regional business having already been announced with increases when compared with sellers’ most recent January sale prices, as per Chemorbis. Producers pointed to higher import PVC prices in China and India as well as persistently strong...

Jan 20th, 2011

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL In the week of January 17, 2011, benchmark oil for February delivery settled at US$91.5 on the Nymex, rising after government reports suggested that the US economy is gaining strength. It is reported that in USA, retail sales and industrial production rose last month. As per another report by the US Labour Department, consumer...

Jan 17th, 2011

Singapore Welcomes Two More Synthetic Rubber Makers

Singapore’s Jurong island is all set to welcome two more synthetic rubber manufacturers. Two more investors, Sumitomo Chemical and Asahi Kasei Chemical, are setting up their latest S-SBR plants there - believed to cost hundreds of millions of dollars each - joining Germany’s Lanxess which is building a 400 million euros (S$712 million) butyl rubber facility...

Jan 12th, 2011

India Seeks More Coal Blocks From Mozambique

India has urged Mozambique to consider allocation of more coal blocks to Indian companies besides expediting formalities for making operational two blocks, already allocated to Coal India Ltd. The Minister of State of Coal, Jaiswal on two -days tour to Mozambique, with a delegation of Coal Ministry’s officials including the Chairman of Coal India Ltd. had...

Jan 11th, 2011

Indian Steel Products Price Shoots Up

Flooding in Australian coal mines in addition to the sky rocketing of scrap and iron ore prices has triggered the steel product prices went up phenomenally in Indian domestic market. In line with this the Indian Long Product Price Index (ILPPI) surged by 143 points on January 10th 2011 whereas Indian Flat Product Price Index IFPPI...

Jan 6th, 2011

China Lifts Duty on OX, Paraxylene, Isomer-mixed Xylenes From Taiwan

Effective January 1, 2010, the Chinese government is to lift duty on OX and other xylenes — paraxylene and isomer-mixed xylenes — produced in Taiwan. Removal of import duty on orthoxylene from Taiwan will seriously undermine the “competitiveness” of South Korean producers, as per Platts. India’s Reliance Industries Ltd, which exports an average of 8,000-10,000...

Nov 4th, 2010

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Yo-yoing oil prices have ended the week of November 1, 2010 a tad higher than last week. Oil for December delivery rose to US$81.96 on the Nymex, while Brent crude for December settlement rose to US$83.36 a barrel on ICE Futures Europe exchange. Speculations of another round of credit-easing measures by the US Federal...

Nov 1st, 2010

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Crude oil prices have moved up to end the week of October 25, 2010 at US$81.7 on the Nymex while Brent crude for December traded at US$83.4 on the ICE Futures Europe exchange. An on going strike in France is expected to lead to a rise in French demand for imported fuel. A widespread...

Nov 1st, 2010

Domestic, Import PVC Prices Moving Lower in India

Players in India report that PVC offers in the import and domestic market are moving lower this week owing to lackluster buying interest from converters, as per Chemorbis. Converters are expecting to see some additional price declines in the days ahead as their customers because of sufficient end product stocks with the customer, who are...

Oct 28th, 2010

Polypropylene Prices for November Higher to Asia, Turkey

November PP prices have been announced higher to Asia, Turkey. The increases came despite fluctuating crude oil prices, hesitant demand in China as a result of the Chinese Central Bank’s recent decision to raise interest rates, along with the lower spot propylene costs, which have been posting gradual decreases since the middle of October in...

Oct 7th, 2010

Indian Players Predict Improved PVC Demand By End of Month

Import PVC prices have been softening gradually over the past few weeks in India, in the face of lackluster demand, as per Chemorbis. Although demand is expected to remain sluggish for the short term, a revival in demand towards the end of the month is being predicted by a several players based on the need...

Sep 28th, 2010

Strong Growth in India’s Petrochemicals Demand Likely to Subside

Strong growth in domestic petrochemicals demand in H1-10 is likely to abate, owing to a cooling in economic activity, but the Indian market is strong enough to justify the planned rapid increase in capacities, according to BMI’s latest report. In 2010 and going into 2011, there are signs are that we will see a cooling...

Aug 11th, 2010

Brazil Is One of the Developing Countries Experiencing Pesticide Industry Growth

The rapid increase in the population and limited land availability form the most important factor stimulating market growth for agrochemicals. The other market drivers are lack of natural resource management, need for plant genetic resource conservation, and improper planning by the farmers in crop production. However, lack of farmer awareness in using agrochemicals and rising...