HPL Global, the Singapore-based trading arm of Haldia Petrochemicals, plans to increase its trade volume by 30%—reaching up to 2 million metric tons by 2026. The company also aims to double the size of its trading team as part of a broader expansion strategy.
Expanding Talent and Product Portfolio
Since launching in late 2023, HPL Global has already hired four traders to handle naphtha, gasoline blendstocks, and petrochemical products like aromatics and olefins. According to industry sources, the company intends to continue this hiring momentum, with more traders expected to join in 2025.
As per The Economic Times, the trading unit, led by Chief Executive Officer Shailendra Srivastava, is also preparing to diversify its portfolio. It plans to begin trading butadiene and methyl tert-butyl ether (MTBE), a key gasoline-blending component.
Strengthening Infrastructure and Operations
In June, the company relocated to a larger office in Singapore’s central business district to accommodate its growing operations. Besides trading, HPL Global also manages vessel chartering and risk management activities for its parent company, Haldia Petrochemicals.
Parent Company Overview
Haldia Petrochemicals, based in India, operates a major manufacturing facility in Haldia, West Bengal. Its assets include a 700,000 metric tons-per-year ethylene plant, a 491,000 tons-per-year chemical processing unit, and approximately 1 million tons of polymer processing capacity annually. The company is majority-owned by the U.S.-based private equity firm, The Chatterjee Group (TCG).
Looking Ahead
With plans firmly in place to scale both its team and trade volumes, HPL Global is positioning itself as a key player in the regional petrochemical trading space. However, the company has not issued an official statement, and Haldia Petrochemicals’ communications office has yet to respond to requests for comment.
