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Haldia Petrochemicals plans $10 billion O2C project in Tamil Nadu | News

Navanit Narayan, CEO, Haldia Petrochemicals


Navanit Narayan, CEO, Haldia Petrochemicals

Kolkata-based Haldia Petrochemicals (HPL), a producer of polymers and chemicals, is making a $10 billion bet on an oil-to-chemicals (O2C) project in Tamil Nadu. The project will convert crude oil directly into chemicals to meet the growing demand for polymers in the country, chief executive officer (CEO) Navanit Narayan said. On completion, the project will have a capacity to make 3.5 million tonnes of ethylene and propylene, used in shopping bags, car parts and water pipes, among others.

HPL’s huge investment comes amid a strong demand for chemicals in India. It is also due to oversupply in the global petrochemicals business

First Published: Apr 01 2024 | 12:24 AM IST

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