27 May 2011 16:35 [Source: ICIS news]
FUKUOKA, Japan (ICIS)--Indian petrochemicals major Haldia Petrochemicals intends to diversify its product portfolio in the coming years as part of a new business plan, the company's new managing director Partha Bhattacharyya said on Friday.
As part of the strategy, the company expects to complete in the next 3-4 months a feasibility study on the setting up of a 25,000 tonne/year butene 1 unit at Haldia in ?xml:namespace>
"A major portion of this capacity [around 18,000 tonnes/year] will be utilised captively for the company's linear low density polyethylene [LLDPE] production," Bhattacharyya said in an interview to ICIS on the sidelines of the Asia Petrochemical Industry Conference (APIC).
The remaining 7,000 tonnes/year of butene 1 would be sold in the merchant market, added Bhattacharyya.
About 40% of Haldia's 670,000 tonne/year PE capacity at Haldia consists of LLDPE, with the remaining 60% directed at producing high density PE (HDPE), he said.
"We get better margins from HDPE than from LLDPE, so the HDPE component of our PE output will continue to increase while LLDPE output will be reduced," added Bhattacharyya.
The company is also looking at the possibility of setting up a 70,000 tonne/year isobutene unit which can produce 100,000 tonnes/year of methyl methacrylate (MMA), he said.
Haldia is also evaluating a 100,000 tonne/year styrene unit as part of its feasibility study, Bhattacharyya said. "The styrene could be recovered through the pygas route," he added.
APIC 2011 is being held on 26-27 May at the coastal city of
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