KOLKATA, India, Nov. 14, 2024 /PRNewswire/ — Haldia Petrochemicals Ltd. (HPL), a primary participant in India’s petrochemical industry, has signed a license change with Lummus Technology to enlarge its phenol manufacturing capability for the upcoming Phenol and Acetone Plant in Haldia, West Bengal. The agreement, signed by way of Mr. Navanit Narayan, Whole-time Director & CEO, HPL, and Dr. Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology, marks a key leap forward in improving HPL’s phenol production capabilities from 300 KTPA (kilotons per annum) to 345 KTPA.
This ability expansion aligns with HPL’s bold growth strategy and displays the organization’s commitment to supporting India’s chemical industry. In line with its considerable greenfield investment of over INR 4,500 crore in Haldia, HPL isn’t simplest focusing on phenol but also on cumene and acetone production to meet growing domestic demand and foster downstream chemical sector growth. The facility also consists of India’s first on-purpose propylene plant using olefins conversion technology (OCT), which Lummus will supply as properly. HPL aims to finish the project with the aid of Q1 2026.
Mr. Navanit Narayan, WTD & CEO, Haldia Petrochemicals Limited, remarked on the signing, pointing out, “Our collaboration with Lummus Technology has enabled us to enhance production capabilities and address India’s expanding demand for phenol and acetone. The capacity improve to 345 KTPA reinforces our commitment to delivering high-quality products to support the country’s chemical and allied industries.”
The signing rite additionally highlighted Lummus Technology’s role in supporting HPL’s strategic initiatives. “This partnership demonstrates our shared dedication to innovation and progress in the petrochemical sector,” said Dr. Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology. “We are proud to support HPL in scaling up its operations and meeting market needs.”
This growth is a huge milestone for HPL, because it strengthens the enterprise’s position as a key contributor to India’s industrial growth and advances its role in the manufacturing of vital chemical intermediates.
About Haldia Petrochemicals Limited
Haldia Petrochemicals Limited (HPL) is a distinguished global chemical industry participant committed to innovation and sustainable growth. Under the visionary leadership of Chairman Dr. Purnendu Chatterjee, HPL has passed through a remarkable transformation, expanding its position as a leading name in specialty niche chemical. HPL is one of the most largest petrochemical corporations in India with a complete potential equal to 7,00,000 TPA of ethylene. Process technologies for numerous manufacturing plants have been decided from leading technology licensors with an aim to produce world-class hyphenated products with excellent safety and environment considerations.
About Lummus Technology
Lummus Technology is the global leader in developing technology solutions that make current lifestyles possible and awareness on a more sustainable, low carbon future. We license method technology in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.
