More and more companies — domestic and international — are setting their eyes on Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) at Dahej.
The Odisha government has invited Korean companies to invest in the Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) at Paradip, an official said on Tuesday.
Visibly worried over soaring costs of inputs, National Aluminium Company (Nalco) is contemplating a second caustic soda plant within the planned PCPIR (petroleum, chemicals & petrochemicals investment region) hub at Paradip.
The Odisha government has voiced its displeasure with the Indian Oil Corporation Ltd (IOCL) for delaying the commissioning of different projects proposed for the petrochemical complex at Paradip.
Union Chemicals and Fertilisers Minister Ananth Kumar today called for realising full potential of Dahej PCPIR by turning two million tonne petrochemical raw materials produced there annually into finished product in the region itself.
The Union Ministry of Chemicals and Fertilisers is planning to revise the Petroleum, Chemicals and Petrochemicals Industrial Region (PCPIR) policy 2007 after three of the four PCPIRs failed to achieve the “desired success”.
ONGC Petro Additions (OPaL) has begun exports to Singapore and intends to float a tender soon for exporting more products to other countries.
OPaL, a joint venture company promoted by ONGC, GAIL, and GSPC, is the single largest petrochemical plant in the country that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually.
India’s largest petrochemical plant, built by ONGC Petro Additions Ltd (OPaL) at a cost of Rs 30,000 crore, at Dahej Special Economic Zone (SEZ) was dedicated to the nation by Prime Minister Narendra Modi on Tuesday.