Haldia Petrochemicals

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Petrochemical major Haldia Petrochemicals Ltd on Wednesday announced that it has carried out the groundbreaking ceremony for India's largest phenol plant in West Bengal's Haldia. The Rs 3,000 crore project is expected to be completed by the first quarter of 2026. The ceremony marking the beginning of piling work was attended by senior officials of the company. This plant is also the first on-purpose propylene plant in India based on Olefin Conversion Technology (OCT) from Lummus Technology. It will enable the city-based HPL to become India's first integrated player in the phenolics chain. The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone. The overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore with the commissioning of the plant, as stated by the company earlier.

Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to set up new plants in West Bengal, a company spokesperson said on Thursday. It will build the first on-purpose propylene plant and a phenol unit at its existing manufacturing facility at Haldia, and both the projects are expected to be completed by the first quarter of 2026, he said. The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone, he said. "With the commissioning of these plants, the overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore," Narayan said. The propylene plant will be based on olefin conversion technology (OCT). According to the spokesperson, the company earned a revenue of Rs 999 crore from speciality chemicals during the last 2022-23 fiscal. HPL said the proposed investment will likely be the largest in West Bengal in the chemical sector in the last two decades. Narayan said the two projects will generat

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Lummus is a master licensor of proprietary technologies in refining, petrochemicals, gas processing and coal gasification sectors, and a supplier of proprietary catalysts, equipment and related engine

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