Haldia Petro to bank on crude-to-petrochem tech for Odisha project

Company is investing Rs 70,000 cr, the highest at the second edition of 'Make in Odisha'

Haldia Petrochemicals (HPL), the biggest investor at ‘Make in Odisha 2018’ conclave, plans to deploy an innovative technology for its project that seeks to convert crude oil into chemicals and petrochemicals directly.

As opposed to the customary production of refined petroleum products, HPL’s plant will concentrate on higher output of petrochemicals.

“They will be setting up the refinery to produce chemicals and petrochemicals. The direct conversion of crude to petrochemicals will be the first of its kind in the country unlike other refineries, which are producing petroleum products. Such technologies are used widely in China,” said an official privy to the development.