By Chief Executive Officer
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HPL Global, the Singapore unit of India’s Haldia Petrochemicals, plans to boost its trade volume by 30% to up to 2 million metric tons and double the number of traders in 2026, two industry sources familiar with the matter said on Wednesday. The Singapore trading arm, which is led by Chief Executive Officer Shailendra Srivastava, has hired four traders since launching in late 2023 to trade naphtha, gasoline blendstocks, and petrochemical products such as aromatics and olefins, one of the sources said. In addition to trading, HPL Global manages vessel chartering and risk management for its parent company. The firm relocated to a larger office in Singapore’s central business district in June. “More traders will be joining the team next year,” the source said, adding that the company plans to expand into trading butadiene and methyl tert-butyl ether (MTBE), a gasoline-blending component. The communications office of Haldia Petrochemicals did not respond to a Reuters request for comment.Live Events Haldia Petrochemicals operates a 700,000 metric tons-per-year ethylene plant, with chemical processing capacity of 491,000 tons annually, and approximately 1 million tons per year of polymer processing capacity at its manufacturing facility in India’s Haldia in the eastern state of West Bengal. The company is majority-owned by U.S.-based private equity firm The Chatterjee Group (TCG).Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onHaldia PetrochemicalsHPL GlobalAsia expansiontrading armnaphtha tradingShailendra Srivastavabutadiene tradingethylene plant Indiahaldia petrochem newshaldia parent(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
