🚀 Haldia Petrochemicals' $10 Billion Investment: Transforming Tamil Nadu into a Petrochemical Powerhouse 🇮🇳 Haldia Petrochemicals Ltd (HPL) is set to invest over $10 billion in an oil-to-chemicals (O2C) project in Cuddalore, Tamil Nadu. This ambitious venture aims to produce 3.5 million metric tons per year of ethylene and propylene by 2028-2029, significantly boosting India's petrochemical capacity and reducing reliance on imports. The project is expected to reach financial closure by the end of 2024 and is part of HPL's strategy to enhance profitability through local production of specialty chemicals. https://www.chemicalmarket.net/news/detail/haldia-petrochemicals-dollar-10-billion-bet-transforming-tamil-nadu-into-a-petrochemical-powerhouse #haldiapetrochemicals #oiltochemicals #tamilnadudevelopment #petrochemicalindustry #makeinindia #energytransition #sustainablegrowth #chemicalindustry #indiainvestment #economicdevelopment