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Business EconomyPosted at: Nov 14 2024 2:40PM


HPL & Lummus Technology sign license amendment to enhance phenol plant capacity

Kolkata, Nov 14 (UNI) Haldia Petrochemicals Ltd (HPL) has signed a license amendment with Lummus Technology to expand its phenol production capacity for the upcoming Phenol and
Acetone Plant in Haldia, West Bengal.
The agreement, signed by Navanit Narayan, Whole-time Director & CEO, HPL, and Dr. Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology, marks a
key step forward in enhancing HPL’s phenol production capabilities from 300 KTPA (kilotons per annum) to 345 KTPA, according to a media statement here on Thursday.
This capacity expansion aligns with HPL’s ambitious growth strategy and reflects the company's commitment to supporting India’s chemicals industry.
In line with its substantial greenfield investment of over INR 5000 crore in Haldia, HPL is not only focusing on phenol but also on cumene and acetone production to meet rising domestic demand
and foster downstream chemical sector growth.
The facility also includes India’s first on-purpose propylene plant using olefins conversion technology (OCT), which Lummus will supply as well. HPL aims to complete the project by Q1 2026.
Navanit Narayan, WTD & CEO, Haldia Petrochemicals Limited, remarked on the signing, stating, "Our collaboration with Lummus Technology has enabled us to enhance production capabilities and address India’s expanding demand for phenol and acetone. The capacity upgrade to 345 KTPA reinforces our commitment to delivering high-quality products to support the country’s chemical and allied industries."
The signing ceremony also highlighted Lummus Technology’s role in supporting HPL’s strategic initiatives.
"This partnership demonstrates our shared dedication to innovation and progress in the petrochemical sector," said Dr. Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology. "We are proud to support HPL in scaling up its
operations and meeting market needs."
This expansion is a significant milestone for HPL, as it strengthens the company’s position as a
key contributor to India’s industrial growth and advances its role in the production of vital chemical intermediates.
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