TCG Group and Haldia Petrochemical Limited appoint B. Anand as CEO for their greenfield polymer
TCG Group and Haldia Petrochemical Limited appoint B. Anand as CEO for their greenfield polymer business and ESG initiatives
- Anand will be responsible for driving the new portfolio of petrochemical projects across India and globally
- First-of-its-kind petrochemical project to be launched in Cuddalore, India to be led by Anand
Chennai , 16th July, 2021: TCG Group, a knowledge based industrial collective of global repute and their flagship company Haldia Petrochemicals Limited along with Lummus Technology and TCG Digital, a global leader in dev el oping and implementing process technologies and cutting edge digitalization and AI, today announced the ap pointment of Mr. B. Anand to head business of developing and implementing large scale polymer projects with sustainability focus including Oil to Polymer Complex (OToP) across India and globally.
In June 2020, TCG Group and Rhone Capital completed the joint acquisition of Lummus Technology. As a stan dalone entity, Lummus Technology continues to lead and shape the energy transition with breakthrough tec hn ologies and robust process solutions for the petrochemical, refining, gas processing and renewable markets. Th rough a collaborative approach between a licensing house and engineering contractors, TCG Group has develo ped an optimal configuration which improves capital efficiency besides wider feedstock flexibility, and robust Environmental, Social and Governance (ESG) standards for a petrochemical complex.
Anand will be responsible for building and driving TCG Group’s por tfolio of OToP projects which will include de velopment along with design and licensing technology globally with their bespoke ‘Design One and Build Many’ business model. Under Anand’s leadership, the company is soon launching its first petrochemical project in Cudda lore, Tamilnadu in India, of international scale.
Anand will be taking over as CEO from September 2021. Prior to TCG Group, B. Anand was the Chief Executive Officer for Nayara Energy, driving growth and strategy for the business and successfully transforming the ers twhile Essar Oil into a new age downstream energy company.
Speaking on B. Anand’s Appointment Dr. Purnendu Chatterjee, founder and Chairman of TCG Group, “Anand has led transformation initiatives for many large-scale originations. Moreover, his understanding of the petrochemical busi ness and vision to bring growth and synergy within the sector with best-in-class process technologies, sustainability init iatives and managing global stakeholders is something that we are aligned with and wish to drive together. We look forward to an exciting journey under his leadership.”
Anand says “I am excited to join the team at TCG group. Their vision for the energy and petrochemical sector is focused towards delivering new-age, technology-based solutions in the sector contributing towards a sustainable future. With our first petrochemical project underway soon, the promise to bring cleaner and greener solutions to the Indian sector is encouraging”.
