Business Daily from THE HINDU group of publications
Tuesday, Dec 25, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 25, 2007 ePaper | Mobile/PDA Version |
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Corporate
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Outlook Haldia Petro mulls venturing into high value products Our Bureau Kolkata, Dec. 24 Haldia Petrochemicals Ltd (HPL) is planning to take the big leap forward but with caution. Anticipating a downtrend in global petrochemical product prices beginning 2009-10 to 2013, the company has put its plan to expand naphtha cracker capacity in the back burner for the time being. Instead, the focus has now shifted on projects to manufacture a slew of high value derivatives of styrene and butadiene, in the short and medium term. The company is hopeful that these products would continue to fetch higher prices during next few years while the rest of the industry may be reeling under a recessionary price trend. Feasibility report“We have decided to launch a detailed feasibility report to evaluate the scope of manufacturing high value styrene and butadiene rubber (SBR) grade products most of which are currently being imported in the country at very high prices,” HPL Managing Director, Mr Swapan Bhowmik, told mediapersons here today on the sidelines of a news conference on the forthcoming ‘Indian Chemical Engineering Congress (CHEMCON), 2007’. The project is expected to complement the 28-30 per cent yield gains across the product range through the ongoing Supermax project, which is now slated to be commissioned in October 2008. “The Supermax project is expected to generate the critical mass in various product categories to go for further downstream expansion,” Mr Bhowmik said. According to him, the available projections suggest that the current uptrend in petrochemical product prices is expected to end in 2009. The consequent downtrend in product prices may prove costly for the company if it does not take adequate measures to improve the bottom line at this juncture. More Stories on : Outlook | Petrochemicals
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