Insights / i-Dots note

HPL’s phenolics project raises India’s phenol and acetone supply - pressuring SEA suppliers

By Rajesh Chopra, Chief Refinery & Petchem Analyst Visit author profile

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Phenol & acetone
Bearish

Adperma Private Ltd, HPL’s wholly owned subsidiary, inaugurated the ₹6,000 crore ( ~ 625 million USD) Haldia phenol–acetone complex on October 14, 2026. The inauguration report gives nameplate capacity of 345 kt of phenol and 215 kt of acetone annually. Phenol and acetone are…

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