Haldia Petrochemicals Secures 10-Year Naphtha Supply Deal with QatarEnergy

18 Jun 2024 CW Team

Haldia Petrochemicals Limited (HPL) has successfully concluded a significant 10-year agreement with QatarEnergy for the supply of naphtha. This strategic deal aims to ensure a stable and reliable source of feedstock for HPL's operations, supporting its petrochemical production and expansion plans.

Under the terms of the agreement, QatarEnergy, a leading global energy company, will supply naphtha to Haldia Petrochemicals, enhancing the company's operational efficiency and production capabilities. Naphtha serves as a crucial raw material for HPL's petrochemical processes, including the production of polymers and other downstream products.

The long-term supply agreement with QatarEnergy is expected to bolster Haldia Petrochemicals' competitive position in the global petrochemical market. It provides HPL with certainty of supply and pricing stability, crucial for sustaining its manufacturing operations and meeting market demands.

The agreement underscores HPL's strategic focus on securing sustainable and cost-effective feedstock supplies to support its growth ambitions in the petrochemical sector. It aligns with Haldia Petrochemicals' commitment to operational excellence, innovation, and meeting the evolving needs of its customers across diverse industries.

With this partnership, Haldia Petrochemicals aims to leverage QatarEnergy's expertise and global presence to enhance its supply chain resilience and optimise production efficiencies. The collaboration is expected to drive mutual benefits and contribute to the growth and sustainability of both companies in the competitive global petrochemical landscape.

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