Lummus Technology has revealed that announced Haldia Petrochemicals will license its olefins conversion technology and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India.
Once HPL's plant is complete, it will be India's largest cumene and phenol plant and the nation's first on-purpose propylene plant.
The milestone will also help HPL become India's first integrated operator in the phenolics value chain and a leader in the niche specialty chemicals segment.
The integration of OCT will strengthen India's petrochemical market by allowing production of more phenol products locally rather than by importing them.
"We are honoured to work with Haldia Petrochemicals, a long-time customer, on this critical investment for India's petrochemical industry," said Leon de Bruyn, president and Chief Executive Officer of Lummus Technology.
"This is an opportunity to showcase Lummus' integrated technology solutions to help our customer become a leader in the phenolics and specialty chemicals value chain."
Navanit Narayan, Chief Executive Officer of Haldia Petrochemicals, added: "As the plans move towards fruition, there will be advancement in areas such as digitisation. This will generate direct and indirect employment in the downstream chemical industry. The total industrial scenario evolving around chemicals will witness tremendous growth within a very short period."
Lummus Technology selected for petrochemical plant in India
