Haldia Petrochemicals Ltd. (HPL), a player from petrochemical industry, announced a major milestone in its expansion efforts.
The company has signed a license amendment agreement with Lummus Technology to increase its phenol production capacity at the upcoming Phenol and Acetone Plant in Haldia, West Bengal.
The agreement was formalized by Navanit Narayan, Whole-time Director and CEO of HPL, and Dr. Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals at Lummus Technology.
Enhancing Production Capabilities
The Haldia and Lummus agreement paves the way for HPL to boost its phenol production capacity from 300 KTPA (kilotons per annum) to 345 KTPA.
The expansion is part of HPL’s larger growth strategy and reflects the company’s commitment to strengthening India’s chemicals industry.
The enhanced capacity will enable HPL to better meet the increasing domestic demand for phenol and acetone.
Investment and Technological Innovation
As part of its broader investment plan, HPL is committing over ₹5,000 crore to develop a greenfield facility in Haldia.
In addition to phenol, the plant will focus on the production of cumene and acetone, further contributing to the growth of India’s downstream chemical sector.
The facility will also house India’s first on-purpose propylene plant, utilizing olefins conversion technology (OCT) provided by Lummus Technology.
The first quarter of 2026 is the targeted completion date for this project.
Strengthening Strategic Partnerships
Navanit Narayan, Whole-time Director and CEO of HPL, stated, “The agreement will enhance our production capabilities. It will also help address the growing demand for phenol and acetone in India.” The capacity upgrade to 345 KTPA underscores our commitment to delivering high-quality products. These products support the country’s chemical and allied industries”.
Dr. Romain Lemoine, Chief Business Officer, Lummus Technology added, “The Haldia and Lummus collaboration demonstrates our shared commitment to innovation and progress in the petrochemical sector. We are proud to support HPL in scaling its operations and meeting the demands of the market”.
Industrial Growth
The expansion marks a significant achievement for HPL. It solidifies the company’s role as a vital contributor to India’s industrial growth.
As per the press release, by enhancing its production capabilities, HPL is poised to play a critical role in the production of essential chemical intermediates. It supports India’s evolving petrochemical and manufacturing industries.
