Haldia complex in doubt as Tata pulls out

Journal Article · Wed Feb 17 04:00:00 EST 1993 · Chemical Week; (United States)

OSTI ID:6702117

Alperowicz, N

The Tata Tea group (Calcutta) intends to pull out of Haldia Petrochemicals, casting a shadow on India's second major petrochemical project. Late last year Shell withdrew from National Organic Chemical Industries (Nocil; Bombay), throwing Nocil's plans into disarray. Tata - copromoting Halida with the West Bengal government - cites escalating costs as the main reason for its decision. The Haldia project was revised in 1990 to have annual capacities for 300,000 m.t. of ethylene, 100,000 m.t. of high-density polyethylene (HDPE), 160,000 m.t. of linear low-density polyethylene, and 150,000 m.t. of polypropylene (PP). The cost was frozen at Rs30 billion, but the exchange rate shifted and the petrochemical markets suffered a downturn. Lummus Crest has been shortlisted to supply the ethylene plant, with Mitsui for HDPE and Himont for PP.

• OSTI ID: 6702117
• Journal Information: Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 152:6; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

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02 PETROLEUM
020700* -- Petroleum-- Economics
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