Home / Business and Economy / HPL's Rs 6,000 Cr Phenol Plant Opens India's First On-Purpose Propylene Unit
HPL's Rs 6,000 Cr Phenol Plant Opens India's First On-Purpose Propylene Unit
17 Aug
Summary
- Haldia Petrochemicals' new phenol and acetone plant is a Rs 6,000 crore investment.
- It features India's first on-purpose propylene plant using olefin conversion technology.
- The facility makes HPL the first integrated player in India's phenolics chain.
Haldia Petrochemicals Limited (HPL) is poised to inaugurate a new Rs 6,000 crore phenol and acetone plant in Haldia. This significant facility is scheduled for launch on October 14.
The plant, developed under HPL's subsidiary Adplus Polymers & Chemicals, boasts two major firsts for India. It includes the nation's first on-purpose propylene plant utilizing olefin conversion technology and the country's largest phenol production unit.
This expansion positions HPL as India's inaugural integrated player within the phenolics chain. Industry experts anticipate the plant will provide crucial raw materials to various downstream industries and generate considerable employment.
