Page 155 - CW E-Magazine (10-12-2024)

Hydrocarbons More than a Source OUR PRODUCTS
FINE / ORGANIC CHEMICALS: CAS NO.
 Para Cresyl Methyl Ether (4-Methoxytoluene) 104-93-8
OUTLOOK  Para Anisic Aldehyde (4-Methoxy Benzaldehyde) 123-11-5
India’s energy demand to rise by 5.5% in FY25; renewables  Para Anisic Alcohol (4-Methoxybenzyl Alcohol) 105-13-5

to dominate new capacity  Para Anisyl Acetone (Anisyl Acetone) 104-20-1
 Para Methoxy Phenyl Acetone (4-Methoxy Phenyl Acetone)
122-84-9
India’s energy requirement is pro- the year, refl ecting steady utilisation. by 2030, particularly with storage An ISO 9001-2008 Certifi ed Company AGRO CHEMICALS:
jected to grow by 5.5% year-on-year Thermal capacity additions of 6-7 GW capacities of 4-6 hours during peak  Meta Phenoxy Benzyl Alcohol (3-Phenoxy Benzyl Alcohol) 13286-35-2
(YoY) in FY25, supported by an incre- are projected in FY25, with 29-GW evening demand. Auctions for renewa- Admin. Office: 107, Abba residency,  Propanil 709-98-8
mental capacity addition of 32-35 GW, under construction and another 50-GW ble energy projects with storage capa- C.H./S., Opp. Jogeshwari Railway Station, PHARMA INTERMEDIATE:
led by renewable energy projects, ac- planned by 2032. bilities reached 25-GW during Ap-Oct Jogeshwari (West), Mumbai 400 102. (India)  2-Mercapto Benzimidazole 583-39-1
cording to India Ratings and Research 2024, refl ecting the increasing demand Tel.: 0091-22-26795968 / 26795969 /  5-Methoxy-2-Mercapto Benzimidazole 37052-78-1
(Ind-Ra). The all-India peak demand Renewables, including large hydro, for fi rm and dispatchable renewable Email: yakub@nandoliachemicals.com  5-Difluoro Methoxy-2-Mercapto Benzimidazole 97963-62-7
reached a record high of 250-GW in account for 45% of India’s total installed energy. Web.: www.nandoliachemicals.com INORGANIC CHEMICALS:
May 2024 but moderated during Q2 capacity, which stood at 453-GW as of  Manganese Sulphate Monohydrate 10034-96-5
due to favourable monsoon conditions September 2024. Renewable energy’s Outlook
and slower industrial activity. contribution to power generation is India’s renewable energy pipeline READY STOCK AVAILABLE Acrylic Acid  Adipic Acid
expected to reach 23% in FY25. Solar includes 80-GW of under-construc- • Aluminium Nitrate • Lead Chloride / Carbonate / Sulphate / Nitrate / Acetate
In the fi rst seven months of FY25, continues to dominate renewable energy tion projects and an additional 95-GW • Ammonium Bi Fluoride (Tech / Anodizing) • Magnesium Acetate / Oxide Acrylamide  B.A.M.
• Ammonium Acetate
• Magnesium Sulphate (Crystal / Anhydrous)
India’s energy demand grew by 4.75%, additions, with 11-GW added in the under development. With the push for • Ammonium Carbonate (Lumps / Powder) • Manganese Acetate / Carbonate / Chloride Bisphenol-A  DETA  E.D.A.
down from 7.4% in FY24 and 9.7% fi rst half of FY25 and 28-30 GW renewable auctions and hybrid tenders, • Ammonium Chloride • Manganese Sulphate (98%) Melamine  M.D.I.  M.A.A.  M.M.A.
• Ammonium Di Chromate
• Nickel Acetate / Carbonate / Nitrate
in FY23. Extreme weather conditions expected by the end of the fi scal year. capacity additions are expected to sup- • Barium Acetate • Nickel Chloride (E P) Maleic Anhydride  Neo Pentyl Glycol
• Nickel Sulphate (E P)
• Barium Carbonate / Chloride
drove a 10.9% YoY surge in Q1FY25 port growing energy demand while re- • Calcium Acetate (Mono, 99%) • Para Toluene Sulphonic Acid Poly Propylene Glycol (All Grade)
• Phosphorus Tri Chloride (PCl3)
• Chromium Chloride / Nitrate / Sulphate /
demand, but demand growth fl attened Focus on storage and hybrid solutions ducing dependence on thermal power Carbonate / Acetate • Potassium Bi Chromate Phthalic Anhydride
to 0.1% in Q2FY25. Thermal power The increasing share of solar energy in the long term. Ind-Ra emphasised • Chromium Tri Oxide (99%) • Potassium Bi Sulphate Polyvinyl Alcohol (All Grade)
• Potassium Chromate
• Cobalt Chloride / Nitrate
continued to dominate the energy mix, highlights the need for reliable storage the need for timely project execution • Cobalt Sulphate (20.75%) • Potassium Sulphate / Nitrate/ Fluoride
• Cobalt Sulphate Soluti on (9%)
• Sodium Di Chromate (Indu Ragukul)
contributing 73% of power generation solutions to address variability during and investments in grid connectivity • Copper Acetate (Mono) • Zinc Acetate T.D.I.  TEPA  TETA  TMP
during the fi rst seven months of FY25. non-solar hours, the report stated. Ind-Ra and storage to sustain renewable energy • Copper Nitrate / Carbonate / Chloride • Zinc Chloride Powder (80%, 90%, 99%) TITANIUM DIOXIDE (ALL GRADE)
• Zinc Dust
• Copper Sulphate (Powder, Feed Grade, Pure)
Thermal plant load factors (PLFs) estimates India will require 8-12 GWh growth and ensure uninterrupted supply • Ferric Chloride (Anhydrous) • Zinc Phosphate / Nitrate And lot of other chemicals
• Ferrous Sulphate (Crystal / Fine Crystal)
• Zinc Sulphate (Heptahydrate / Mono)
are expected to average 69-70% for of storage by 2027 and 300-350 GWh during peak demand hours. AMIZARA SPECIALITY CHEMICALS LLP Ramesh-9223432075
(A Group Co. of PARESH CHEMICALS / PRACHI METAL CHEM) Akshar Plast Chem
OVERSEAS DEAL Corporate Office : A-301, Borivali Arunodaya CHS. Ltd., Market Lane, Above Khatav Hospital, Investment Pvt. Ltd.
Borivali (West), Mumbai - 400 092 l Tel.: 022-67251313 / 67411313 / 28917600 / 28927600
ONGC Videsh acquires Equinor’s stake in Azerbaijan oilfi eld Contact Person: PARESH SHAH: 9820120703 / 9223432851, RASHMIN HARIA: 8779003699 / 9819320703 Tel: 022-40043503
Email: info@amizaraspecialitychemicals.co.in / sales@amizaraspecialitychemicals.co.in
UDYAM NO: MH-18-0118419 (4) Email: aksharplastchem55@gmail.com
ONGC Videsh Ltd. (OVL), the agreement (SPA) in July, is expected OVL originally acquired a 2.72%
overseas investment arm of state- to enhance OVL’s position in the key stake in ACG in March 2013. Follow- Manufacturers & Exporters of
owned Oil and Natural Gas Corporation oilfi elds. The company already holds ing a production-sharing agreement
(ONGC), has completed the acquisition a 2.31% stake in the ACG fi eld and a amendment in September 2017, OVL’s Methylene Blue Zinc Free
of Norwegian fi rm Equinor’s stake in 2.36% stake in the BTC pipeline. This stake was reduced to 2.31%. BP ope- (Basic Blue 9)
an Azerbaijan oilfi eld and an associated acquisition will increase OV’s stake in rates the ACG fi eld, which is one of the
pipeline for $60-mn, the fi rm said in both assets. Equinor, which had previ- largest offshore oil fi elds in the Caspian Please Contact:
Vanshi Chemicals Pvt. Ltd.
a statement. OVL acquired a 0.615% ously agreed to sell all its remaining Sea, with a 30.37% stake. Other inter- Factory: F-4/10, MIDC-Tarapur, Dist-Palghar 401506
participating interest (PI) in the offshore assets in Azerbaijan to SOCAR (State national partners, including Japanese Email: vanshichemicals@yahoo.co.in
Azeri Chirag Gunashli (ACG) oilfi eld, Oil Company of Azerbaijan Republic) companies and ExxonMobil, hold Mobile: 9223230555  Web: www.vanshichemicals.com
along with a 0.737% share in the Baku- in December 2023, sold this stake to stakes in the fi eld.
Tbilisi-Ceyhan (BTC) pipeline. The OVL. The assets sold by Equinor to Anthranilic Acid
acquisition was completed on November SOCAR included a 7.27% non-operated OVL continues to expand its global Isatoic Anhydride
29 through OVL’s wholly owned interest in ACG and an 8.71% interest presence, holding stakes in 32 oil and gas 5 - Sulpho Anthranilic Acid
subsidiary, ONGC BTC Limited. in the BTC pipeline. It remains unclear projects across 15 countries. The com- Phthalimide 99%
why Equinor sold a portion of its stake pany currently produces about 200,000 Phenyl Hydrazine HCL
The deal, which was fi nalized to OVL despite the initial agreement to barrels of oil and natural gas equivalent Ishita Industries
after the signing of a sale-purchase sell its entire stake to SOCAR. per day from its international assets. 536, GIDC, Phase II, Vatva, Ahmedabad - 382 445. KNS ADI
Ph : +91 - 79 - 40083042
Mobile : +91- 98250 60474 | +91- 99795 08254
E-mail: info@ishitaind.com • Website: www.ishitaind.com
28/20
154 Chemical Weekly December 10, 2024 Chemical Weekly December 10, 2024 155
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