{"id":15493,"date":"2025-09-18T09:15:19","date_gmt":"2025-09-18T09:15:19","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15493"},"modified":"2025-09-18T09:17:05","modified_gmt":"2025-09-18T09:17:05","slug":"indian-petrochemicals-giant-haldia-eyes-major-asian-expansion","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15493\/","title":{"rendered":"Indian Petrochemicals Giant Haldia Eyes Major Asian Expansion"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Haldia Petrochemicals, one of India’s biggest petrochemicals companies, looks to raise trading volumes by 30% and hire more traders as it expands in the key Asian petrochemicals market, sources with knowledge of the plans told <\/span>Reuters<\/span><\/a> on Wednesday.\u00a0<\/span><\/p>\n

Haldia Petrochemicals, majority owned by U.S.-based private equity firm The Chatterjee Group (TCG), has a <\/span>naphtha cracker complex<\/span><\/a> at Haldia, West Bengal, some 80 miles from Kolkata.\u00a0<\/span><\/p>\n

The petrochemicals complex includes an ethylene plant with a capacity of 700,000 metric tons per year, with chemical processing capacity of 491,000 tons annually, and approximately 1 million tons of annual polymer processing capacity.\u00a0\u00a0\u00a0<\/span><\/p>\n

Haldia Petrochemicals’ unit in Singapore, HPL Global, now aims to boost trading volumes by 30% to up to 2 million tons and double the number of its traders, according to Reuters’ sources.\u00a0<\/span><\/p>\n

India should <\/span>boost its petrochemicals production<\/span><\/a> to meet local demand and counter China’s growing global lead in the sector, a senior executive at India’s top private refiner, Reliance Industries, said earlier this year.\u00a0<\/span><\/p>\n

India needs to bolster its petrochemicals presence as China is taking over “the entire petrochemical industry”, Vikram Sampat, senior vice-president, strategy and business development, for the polyester chain at Reliance Industries, said at an industry conference, as carried by\u00a0<\/span>Reuters<\/span><\/a>.<\/span><\/p>\n

China’s petrochemicals expansion has created a surplus on the market in the past year, reducing global margins.<\/span><\/p>\n

In India, petrochemicals demand is set to surge with robust economic growth in the country.<\/span><\/p>\n

As a result, India is positioning itself for a petrochemical boom, with\u00a0<\/span>$87 billion<\/span><\/a>\u00a0expected over the next decade to meet surging demand. As more of its citizens rise into the middle class, the need for petrochemical-based products-from plastics to fertilizers-is set to soar. According to India’s oil minister, Hardeep Singh Puri, this growing demand opens a window for significant investment as India’s per capita consumption of petrochemicals continues to lag behind developed nations.\u00a0<\/span><\/p>\n

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