Haldia Petrochemicals' Trading Arm Sets Sights on Expanding Across Asia, Sources Reveal.

HPL Global, the Singapore-based trading arm of India’s Haldia Petrochemicals, is planning a significant expansion, aiming to increase its trade volume by 30% to reach up to 2 million metric tons by 2026, according to industry sources. The company also intends to double its number of traders within the same period.

Led by CEO Shailendra Srivastava, HPL Global has hired four traders since its launch in late 2023 to handle trading of naphtha, gasoline blendstocks, and petrochemical products such as aromatics and olefins.

Beyond trading activities, HPL Global manages vessel chartering and risk management services for its parent firm. The company recently moved to a larger office in Singapore’s central business district in June, reflecting its growth ambitions.