11 months ago
Haldia Petrochemicals Singapore Arm Plans Expansion
Haldia Petrochemicals, an Indian company, has a trading branch in Singapore called HPL Global.
They want to get bigger!
They plan to increase how much they trade by 30%, up to 2 million metric tons, by 2026.
This means they'll be buying and selling more stuff like oil and chemicals.
They've already hired some new traders and are moving into a bigger office.
The company is also looking into trading more products like butadiene and MTBE, a gasoline ingredient.
The company is owned by an American private equity firm.
HPL Global plans to increase trade volume by 30% to 2 million metric tons.
The company aims to double the number of traders by 2026.
HPL Global trades naphtha, gasoline, and petrochemicals.
The company has hired four traders since late 2023.
HPL Global is the Singapore-based trading arm of Haldia Petrochemicals.
- Who
- HPL Global, the Singapore trading arm of Haldia Petrochemicals.
- What
- Plans to boost trade volume by 30% and double the number of traders by 2026.
- Where
- Singapore.
- When
- Plans to expand by 2026; established in late 2023.
- Why
- To expand its trading operations in Asia.
Key facts
- Company
- Haldia Petrochemicals (HPL Global)
- Location
- Singapore
- Objective
- Increase trade volume by 30%
- Trade Volume Goal
- Up to 2 million metric tons
- Year of Goal
- 2026
- Products Traded
- Naphtha, gasoline blendstocks, petrochemicals
- Parent Company
- Haldia Petrochemicals (India)
Quotes
A source
An industry source familiar with the matter
“More traders will be joining the team next year”
thehindubusinessline.com
