HOUSTON ‒ February 21, 2022 ‒ Univation Technologies, LLC and Hindustan Petroleum Corporation Ltd. (“HPCL”) completed a pre-marketing agreement (PMA) focused on polyethylene products that will be manufactured using the two new world-scale UNIPOL™ PE Plants licensed to HPCL Rajasthan Refinery Ltd. (“HRRL”). Through this agreement, Univation and HPCL have agreed to work together to introduce polyethylene resin grades with a particular focus on high-density polyethylene (HDPE) products that are suited for the Indian market.
The agreement facilitates the introduction of the latest HDPE resin products produced by the UNIPOL™ PE Process into targeted market segments within the Indian market. These advanced resin grades will utilize Univation’s PRODIGY™ Bimodal HDPE and ACCLAIM™ Unimodal HDPE Technology Platforms. These HDPE grades will be produced by HRRL’s two new world-scale 500,000 tons per annum UNIPOL™ PE Process lines expected to start-up in the first quarter of 2024. The scope of the Pre-Marketing Agreement focuses on both bimodal and unimodal HDPE applications including PE100 pipe, L-ring drum, large part blow molding, and bimodal small part blow molding applications.
Luis Cirihal, President of Univation Technologies, commented on the pre-marketing agreement, “I want to personally recognize and thank the HPCL team for their excellent spirit and partnership as together we enter into this unique pre-marketing agreement. I look forward with anticipation on what our two companies will accomplish together that will not only benefit our mutual partner, which is HRRL, but importantly we will bring tremendous benefits to the polyethylene industry in India – as together we enable the supply of polyethylene resin grades that are in demand by the Indian market.”
Mr. Rajnish Mehta, Executive Director for Corporate Strategy and Planning and Business Development for HPCL, added his comments, “When one is seeking a strategic partner for polyethylene products, it is important to select a company with a proven track record of delivering highly regarded PE resin product capability, and we have definitely found that partner in Univation Technologies. We look forward to working closely with the Univation team as together we introduce a broad portfolio of advanced HDPE products to the Indian market and thereby satisfy the Indian market’s thirst for high-performance HDPE grades”.
About Univation Technologies, LLC
Univation Technologies is the global leader in licensed polyethylene technology. Univation has a proven track record of delivering process, product, and catalyst technologies as well as related technical services to the global polyethylene industry for more than 50 years. More than one-third of all HDPE and LLDPE resins produced globally is supplied by the industry-leading UNIPOL™ PE Process. Univation is also the world's leading manufacturer and supplier of conventional and advanced polyethylene polymerization catalysts designed specifically for the UNIPOL™ PE Process. For more information, visit www.univation.com.
Univation Technologies, LLC is the world leader in licensing gas-phase polyethylene technology and selling related catalysts, services, and products. UNIVATION, XCAT, PRODIGY, PREMIER, ACCLAIM, stylized “Univation Technologies,” and the stylized "U" are registered trademarks (Reg. U.S. Pat. and Tm. Off. and other countries) of Univation Technologies. UNIPOL and UCAT are trademarks of The Dow Chemical Company (“Dow”) or an affiliated company of Dow, licensed for use to Univation Technologies.
Univation Contact
Univation Technologies, LLC
Duane Thompson
+1-713-892-3668
Email: dthompson@univation.com
About HPCL
HPCL is a Maharatna Central Public Sector Enterprise (CPSE) and a S&P Platts Top 250 Global Energy Company with a ranking of 26 having Annual Gross sales of INR 2629 Bn. (~36 Bn. USD), net profit of INR ~106 Bn. (~1.41 Bn. USD) during FY 2020-21.
HPCL owns and operates Refineries at Mumbai & Visakhapatnam with designed capacities of 7.5 MMTPA & 8.3 MMTPA respectively. HPCL also owns the largest Lube Refinery in the country at Mumbai for producing Lube Oil Base Stocks with a capacity of 428 TMTPA. HPCL holds 48.99% equity stake in JV Company, HMEL which operates a 11.3 MMTPA capacity refinery in Punjab and also has 16.96% equity stake in MRPL which operates a 15 MMTPA capacity refinery in Karnataka.
HPCL is making a big foray into India petrochemical market with setting up of ~2.4 MMT petrochemical capacity in west India by 2024.
HPCL Contact
Hindustan Petroleum Corporation Limited
Petroleum House, 17, Jamshedji Tata Road, Churchgate, Mumbai – 400 020
+91-22-22863900
Email : arjavpandya@hpcl.in
About HRRL
HPCL Rajasthan Refinery Ltd. (HRRL) is a Joint Venture between Hindustan Petroleum Corporation Limited (HPCL) and Government of Rajasthan (GOR) having 9 MMTPA refining capacity with 2.4 MMTPA petrochemicals production capacity situated at Pachpadra in Barmer district of Rajasthan
HRRL Contact
HPCL Rajasthan Refinery Limited
Tel Bhavan, Sahkar Marg
Lal Kothi Vistar Jyoti Nagar
Jaipur Rajasthan, India 302005
