Haldia Petrochem to invest Rs 62,714 Crore in 12 mln tpa refinery complex In Andhra Pradesh

24-Apr-19

Haldia Petrochemicals is planning to invest Rs 62,714 crore in setting up a 12 mln tpa refinery-cum-petrochemical complex near Kakinada in Andhra Pradesh, as per ET Energy World. The project is expected to be set-up in A V Nagaram village, East Godavari district, Andhra Pradesh.

The refinery will be integrated with a downstream petrochemical complex with a 12 mln tpa petroleum refinery and 1.6 mln tpa of Ethylene equivalent petrochemical complex. “The proposed project has been conceptualized considering the integration with demand of PX and Naphtha within the group company and demand supply scenario of the downstream products,” HPL said.

The product focus of the refinery will be production of petrochemical feedstock, different from a conventional refinery where main products produced are fuel-based. The company is looking at producing High-Density Polyethylene (HDPE), Mono-ethylene Glycol (MGE) and Poly Vinyl Chloride (PVC) among other petrochemical products.

“The main product of the proposed refinery will be LPG, Naphtha, Paraxylene etc catering to the feedstock requirement of the petrochemical units and fuel generation from the refinery will be limited to the extent it can be sold in domestic market. However, depending on the volume, some amount of diesel may have to be exported considering low demand growth rate in domestic market,” HPL said.