#chamicalprices

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

KPPL is into the manufacture of formaldehyde and resin. The company uses more than 50% of its formaldehyde for in-house resin production while the rest is sold to other resin manufacturing companies. KPPL is managed by the Pareedh family with Mr K. V. Pareedh being the key managerial person associated with the company since its inception. He has almost four decades of experience in the chemical and plywood industry through his firms established in the early 90s. Later, he incorporated KPPL in 2003 to manufacture formaldehyde and resins

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According to one calculation, if 1 mmscmd of gas is transacted in the exchange over a year, the total quantum of commission comes to Rs 12 crore a year.  So given the low volumes in the IGX at this point, the rake-in is low.  Also, the rules are such that the any member participation is limited to 5 per cent, but with no board seat  The normal rule for an exchange is that no individual entity can have a stake of more than 15% after five years.  The IEX, which is IGX's sister site, is more successful as electricity is more fungible than gas, where market imperfections allow for lower transactions in the exchange  But IEX too is now under deadline from the regulators to bring its equity in line with regulatory practices.  Now, IEX has a rival in hand  The energy/gas exchange platforms are high profile, and high impact, but there are always headwinds ahead  There were quote a few entities which had shown interest to set up gas exchanges when the idea was mooted but most of them developed cold feet, as volumes are low and the business is tough. One primary contender, NSE, was co-opted into the game, when it pick up a stake in IGX.  

GACL is the second-largest player in the domestic caustic chlorine industry with integrated operations. It produces a wide range of products, including caustic soda, liquid and gaseous chlorine, hydrogen peroxide, phosphoric acid and aluminium chloride, which find application across a diversified group of industries, including textile, pulp and paper, aluminium, detergents, soaps, rayon, plastics, pharmaceuticals, water treatment, and agricultural chemicals. The company is gaining a significant market leadership position in the caustic soda industry while securing a significant portion of its power requirement (its major cost component) through captive low-cost sources, along with a greater share of value-added products in its sales mix, to consistently earn a high PBILDT margin with greater resilience, despite the impact of the inherent cyclicality in the Chlor-alkali industry and the competition from imports

Spectrum, the flagship company of the Surat-based Pratibha Group, is the second-largest manufacturer of dispersed dyes in India which are used in the dyeing and printing of polyester fibre. It manufactures around 175 different shades of dispersed dyes and dye intermediates. The company had undertaken to increase its capacity from 23,400 MTPA to 35,400 MTPA. The operation of the new plant has been stabilized and it has exhibited healthy capacity utilization in the range of 75-80% in the March-May 2022 period which is expected to support its growth in the near term

Tender for the procurement of 12,500 MT of MethanolA tender has been floated for the procurement of 12,500 MT of methanol 8The bidder must have been engaged in the business of manufacturing/trading of methanol for a minimum period of 3 years 8The material is required for production requirement during July-Aug ’22

Fine Organic Industries Limited is a part of the Fine Organics Group,who manufacture oleochemical additives for various end-user industries such as food, plastic, rubber, paint, ink, cosmetics, coatings, textile auxiliaries and lubes. 8The company’s key raw material prices have been volatile and their profitability is also vulnerable to the adverse movements in foreign currency 8Despite these challenges, FOIL, on a consolidated basis, reported an operating income of Rs. 1,133.4 crore in FY2021, a growth of 9.2% over the FY2020 levels, driven by higher capacity utilisation across all its plants, including its newly commissioned facility at Ambernath