Haldia Petrochemicals To Implement Crude-to-Petrochem Technology In Odisha
Haldia Petrochemicals (HPL), which is soon to set up a plant in Odisha, plans to make use of an innovative technology for its project which will convert crude oil directly into chemicals and petrochemicals.
HPL’s plant will focus on generating a higher output of petrochemicals as against the customary production of refined petroleum products.
“They will be setting up the refinery to produce chemicals and petrochemicals. The direct conversion of crude to petrochemicals will be the first of its kind in the country unlike other refineries, which are producing petroleum products. Such technologies are used widely in China,” according to a source.
HPL, who were the biggest investors at the ‘Make in Odisha 2018’ conclave, have committed an investment of Rs 28,700 crore ($4.05 billion) in the first phase of its project in Odisha, which is expected to be operationalised within five years of allotment of land.
In the first phase, the West Bengal based petrochemicals company will set up an integrated refinery with aromatic complex for production of paraxylene and purified terephthalic acid (PTA) units. The production capacity of paraxylene unit will be 1.6 million tonnes per annum (mtpa) and that of PTA will be 2.5 mtpa.
HPL’s proposal is said to be India’s single-largest domestic investment in the last 12 months and has already received a go-ahead by the High Level Clearance Authority (HLCA) in Odisha headed by Chief Minister Naveen Patnaik.