Haldia Petrochemicals Ltd.Haldia Petrochemials Ltd. has taken a new license for Montell Polyolefins' Spherilene swing gas-phase polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n technology. Haldia Petrochemicals Ltd. is an Indian petrochemical company, based in Calcutta, India, whose majority shareholders are the government of West Bengal The Government of West Bengal also known as the State Government of West Bengal, or locally as State Government, is the supreme governing authority of the Indian state of West Bengal and its 19 districts. , the Chatterjee-Soros Group and the Tata Group The Tata Group is India's largest conglomerate company, with revenues in 2005-06 of Rs. 967,229 million (US $21.9 billion), the equivalent of about 2.8% of India's GDP, and a market capitalisation of US $57.6 billion now (only 28 of the 96 Tata Group companies are publicly listed). . Through this agreement, Haldia, already a Spherilene licensee for a 120,000 metric tons per year plant, will increase the capacity of its new plant to 225,000 metric tons per year. The new Spherilene LLDPE/HDPE plant will be built in West Bengal West Bengal: see Bengal. West Bengal State (pop., 2001: 80,176,197), northeastern India. It is bordered by Nepal and Bangladesh and the states of Orissa, Jharkhand, Bihar, Sikkim, Assam, and Meghalaya and has an area of 34,267 sq mi (88,752 sq km); State, India as a part of the Haldia Petrochemicals Ltd. complex which is expected to start up in mid- 1999. |
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