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HPL seeks expansion of its PTA production units
07
Jan '08
Petrochemical and chemical sector in Kolkata are making elaborate expansion plans to introduce newer products and increase production capacity of the existing plants.

Haldia Petrochemical Ltd (HPL) have decided to emphasize on the production of new product mix that will not increase the consumption of naphtha, but on the contrary, will help improve proceeds of the next petrochemical down-cycle.

Industrial sources confirmed Fibre2fashion, that HPL is looking forward to extract high margin products like Butene-1 from the existing by-products of Naphtha Cracker & associated units.

Talking about the expansion program, authentic sources further confided saying, “Naphtha Cracker Unit capacity will become 6,70,000 TPA of ethylene post-expansion from existing capacity of 5,20,000 Purified Terephthalic Acid (TPA) Ethylene.”

Besides, the source also asserted that additional production of the chemicals is likely to start from December 2008 and that the new plant will be located in Haldia itself.

South Asia Petrochem limited (SAPL) and Egyptian Petrochemicals Holding Company (ECHEM) has jointly floated a new company Egypt India Pet Chem in September this year. The former is known to have capacity of 1,80,000 TPA and would invest an estimated US $100 million.

Another plant called Kanoria Chemicals & Industries Ltd (KCIL) has also invested about Rs450 crore in its expansion program.

Fibre2fashion News Desk-India

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