Petrochem
Adperma set to start commercial production at Haldia plant in December
Adperma Private Ltd is set to launch a phenol and acetone manufacturing facility in Haldia. The Rs 6,000-crore complex is expected to begin commercial production by the end of December. It will produce 3.45 lakh tonnes of phenol and 2.15 lakh tonnes of acetone annually. This integrated plant is unique on the East Coast and aims to reduce imports.
Haldia to revamp feedstock mix after Mideast war hit supplies, executive says
In response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Currently reliant on 50% local supply and 50% from the Middle East, HPL plans to enhance its processing abilities by using condensate and up to 30% LPG at its West Bengal facility next year.
NCLAT sets aside Zaveri Group's bid for Gujarat Hydrocarbons and Power SEZ
The NCLAT has overturned Zaveri Group's resolution plan for GHPSL. This decision mandates a restart of the insolvency process with new bids. The appellate tribunal cited an unverified presumption regarding SEZ de-notification. It also highlighted errors in the initial information memorandum provided. Consequently, fresh expressions of interest will now be invited.
Suvendu Adhikari to inaugurate Haldia Petrochemicals' Rs 6,000-crore phenol and acetone plant in October
First of its kind in the country, the plant will be developed under HPL's subsidiary Adplus Polymers & Chemicals. The facility is set to house the country's first on-purpose propylene plant based on olefin conversion technology and the country's largest phenol production unit in West Bengal's Haldia.
Duty waiver on petrochemical products extended till July 15
Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating supply chain recovery post-West Asia conflict. The move ensures a steady flow of essential raw materials, bolstering domestic production and market availability as global supply chains gradually normalize.
Govt extends customs duty waiver on import of key petrochemical products till July 15
The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15. This move aims to maintain supply stability for sectors like plastics, packaging, and pharmaceuticals, which rely on these imports. The temporary relief, initially granted due to West Asia crisis-induced supply chain disruptions, seeks to ease cost pressures and ensure continued availability of essential industrial inputs.
India aims to attract USD 100 bn in investment, expand exploration acreage: Srikant Nagulapalli DGH
India is targeting significant growth in its energy sector. The nation plans to attract USD 100 billion in investments by 2030. Exploration acreage will expand to one million square kilometers. These ambitious goals aim to boost domestic oil and gas production. Policy reforms and improved data access are key to attracting international investors to India's promising energy landscape.
BPCL goes big on petrochemicals, raises capex as IOC and ONGC trim budgets
Bharat Petroleum is increasing its capital spending by 35 percent for the upcoming fiscal year. This surge is driven by a strong focus on petrochemicals. In contrast, Indian Oil and ONGC are reducing their investment budgets.
Assam Petro-Chemicals inks MoU with Deendayal Port for 150 TPD e-methanol plant at Kandla port
Assam Petro-Chemicals Ltd and Deendayal Port Authority have signed an MoU to establish a 150 TPD e-Methanol plant at Kandla Port, Gujarat. This Rs 1,200 crore project aims to boost India's clean energy and green shipping transition, creating 3,500 jobs and positioning Kandla as a key green fuel supply point.
Manali Petrochemicals to sell UK subsidiary Notedome Ltd to Italian firm
Manali Petrochemicals Limited has announced a strategic divestment, selling its UK-based subsidiary, Notedome Limited, to the Italian firm COIM. The deal is valued at more than 8.5 times Notedome's adjusted EBITDA, which stands at £2.12 million. This sale is expected to have notable repercussions on Manali’s consolidated financials.
Must Watch
S&P Global Ratings highlights India's big petrochemicals push could tip Asian supply imbalance
India will become a major force in petrochemicals. This move will intensify supply imbalances in Asia. India's expansion mirrors China's earlier steps. Both nations aim for self-sufficiency. This will challenge Asia-Pacific petrochemical exporters. India's domestic demand will keep its sector resilient.
India to emerge as next petrochemicals powerhouse with $37 bn capex push: S&P
India plans a USD 37 billion investment in petrochemicals. This aims for self-sufficiency. India will become a significant global player by 2030. This expansion follows China's similar moves. It will intensify oversupply in Asia. Asian exporters face challenges. India's large domestic demand will protect local producers. India will overtake the US as the second-largest polyethylene consumer.
Haldia Petrochemicals trading arm plans to scale up in Asia: Sources
HPL Global, Haldia Petrochemicals' Singapore unit, aims to increase its trade volume by 30% to 2 million metric tons by 2026. The company also plans to double its trading team after hiring four traders since late 2023. HPL Global intends to expand its trading portfolio to include butadiene and MTBE, alongside managing vessel chartering and risk for its parent company.
Manali Petrochemicals expands Propylene Glycol capacity to back 'Make in India'
Manali Petrochemicals Limited launched its expanded Propylene Glycol plant. This aligns with the Make in India vision. The expansion will increase production by 50,000 KTPA. The facility awaits approval from the Tamil Nadu State Pollution Control Board. This move aims to reduce India's reliance on Propylene Glycol imports. It will also strengthen India's position as a global manufacturing hub.
HPL completes maintenance turnaround at Haldia plant
Haldia Petrochemicals Limited (HPL) has successfully concluded its 45-day maintenance turnaround 2025 (TA25) at its West Bengal facility. This initiative aims to enhance operational excellence, technological advancement, and sustainability. The turnaround has resulted in improved infrastructure reliability, increased safety standards, and a technological framework that supports future growth and innovation, leading to higher throughput.
India studying impact of US tariffs on chemicals, petrochemicals sector
The Indian government is evaluating the impact of US tariffs on its chemical and petrochemical exports, which totaled USD 5.7 billion in FY24. A potential export reduction of USD 2-7 billion by FY26 is estimated. Concerns also exist regarding potential dumping of cheaper Chinese chemicals into the Indian market due to US tariffs on China.
