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Grasim Industries Ltd., Aditya Birla’s flagship company has inked pact with Ohio-based Lubrizol Advanced Materials, a subsidiary of Warren Buffett’s Berkshire Hathway, to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin that is widely used in hot and cold water delivery pipes in India. This polymer will be manufactured at Grasim’s Chlor-alkali unit located at Vilayat, Gujarat.

Get more info : https://www.chemanalyst.com/NewsAndDeals/DealsDetails/grasim-collaborates-with-the-spec

According to ChemAnalyst report, “India Poly Vinyl Chloride (PVC) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”.  The demand for Poly Vinyl Chloride is anticipated to outshine at an impressive CAGR of around 6.81% in the forecast period on increasing government schemes for the betterment of facilities for pipe water supply in rural as well

Global prices of crude oil further nosedived on Monday after Russia and Saudi Arabia delayed a critical meet to discuss over implementing a cut in oil production in order to alleviate oversupply in global market. After the last OPEC meet, the two oil producing giants have aggravated their rifts by indulging in a blame game over the fault in crude crises. Hence, pushing the scheduled date of discussion to Thursday that is 9 April. With ongoing crude production, Brent crude further fell to $30.03