Haldia Petrochemicals plans capacity expansion

09-Mar-05
Haldia Petrochemicals Limited (HPL) plans to expand capacity by almost 50%. Current capacities at HPL are: 520,000 tpa ethylene capacity LLDPE/HDPE swing unit of 2,60,000 tpa A dedicated HDPE unit of 3,00,000 tpa and a A polypropylene (PP) unit of 3,00,000 tpa. The other chemicals produced from the complex include benzene, butadiene, C4 and C6 raffinates and pyrolysis gasoline. HPL is a joint venture between WBIDC with 43% stake (West Bengal Industrial Development Corporation, a West Bengal Government-owned entity), the Chatterjee-Soros Group (USA) holding 43% stake and the Tata Group (one of India's leading business group), with 14% stake. HPL had commissioned an integrated petrochemicals complex located at Haldia situated in West Bengal during 2000. Within 2 years of operation, HPL has been able to achieve capacity utilisation of more than 90% at its ethylene cracker and associated units. This touched more than 100% during FY2004. During FY2004, riding on a petrochem uptrend, HPL's financial performance improved and the company declared a small profit.
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