Hindustan Platinum, one of India’s leading precious metal refiners and manufacturers, is exploring opportunities to import spent or used catalysts from oil refineries in the Middle East, Asia, and Europe to secure long-term supplies of essential metals for Indian industries.

According to Rajeev Mishra, Senior Vice President (Refining Services) at Hindustan Platinum, the initiative aims to meet the rising domestic demand for precious metals driven by rapid industrial growth across multiple sectors.

“We will hold discussions with refiners in Belgium, Germany, Italy, and Poland on purchasing spent catalysts during our participation in the European Refining Technology Conference in Cannes, scheduled from 17 to 20 November,” Mishra said on Thursday.

He added that establishing a global network of suppliers would help the company refine and extract platinum, palladium, silver, and other critical metals vital for industries such as electronics, electricals, textiles, fibres, glass, nitric acid, and jewellery. Mishra made these remarks on the sidelines of the Asian Refining Technology Conference, held during the Singapore International Energy Week from 27 to 31 October.

During the Singapore event, the company also held talks with refiners from Singapore, Malaysia, Indonesia, and Thailand to source used catalysts. Hindustan Platinum’s traditional suppliers include Indian refiners as well as major refinery operators in Saudi Arabia, Kuwait, Qatar, Oman, and the United Arab Emirates.

Expanding its portfolio, Hindustan Platinum is also venturing into renewable energy, particularly the solar power sector, with infrastructure development already underway to support the growing demand for precious metals in India’s clean energy and manufacturing industries.

“We are now operating at peak production levels for precious metals,” Mishra said, adding that platinum, palladium, and silver refining capacities are being enhanced to cater to growing global and domestic requirements.

The company also plans to engage with US-based refiners at the International Precious Metal Institute Conference in the United States in June next year to further expand its sourcing network.

Founded in 1961, Hindustan Platinum refines and recovers platinum, palladium, silver, gold, rhodium, ruthenium, and iridium, supporting industries in over 50 countries. Its materials are integral to the production of catalysts and salts used in the pharmaceutical, speciality chemicals, and agrochemical sectors.