HPCL JV to Build New $3 Billion Petrochemical Complex in Northern India

The Times of India, May 10, 2017

HPCL-Mittal Energy Ltd, the joint venture between state-run Hindustan Petroleum and NRI steel tycoon Lakshmi N Mittal, is gearing up to invest nearly $3 billion in setting up a petrochemicals complex at their Bhatinda refinery in northern India. The company plans to set up a naphtha cracker with a capacity of up to 1.7 million tonne for producing raw material for making plastics. Though setting up a petrochemical plant typically takes up to four years, HMEL plans to fast-track the process to build it in less time.

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