Energy sector projects by Goverment Of India in Multi Location
Project Information
6951
Goverment Of India
Government is looking into possibilities of setting up new petrochemical complexes near the 16 petroleum refineries in the country, Fertiliser Minister Ananth Kumar said today.
The petrochemical industry is a sunrise industry having a size of Rs 6 lakh crore and there is a huge potential to raise its capacity substantially,
we should milk the crude as much as we can. So we are looking into the possibilities that petrochemical complexes can come near the 16 refineries in the country. We are evaluating all the options," Kumar said.
Under the Petroleum, Chemicals and Petrochemical Investment Regions ( PCPIR) policy, the government had approved the setting up of four PCPIRs such as Vishakhapatnam in Andhra Pradesh, Dahej in Gujarat, Paradeep in Odisha and Cuddalore in Tamil Nadu.
he Minister was speaking at the National Awards for Technology Innovation in Petrochemical and Downstream Plastics Processing Industry, organised by the Central Institute of Plastic Engineering and Technology (CIPET).
He said the country needs more value addition of the refinery output so that the polymer industry grows up fast, and creates new products and does import substitution.
Emphasising on the plastic sector, Kumar said after information-technology and biotechnology the new buzz word in the country should be plastic technology.
Project Value
Refer document
Planning
Multi Location
Multi State
India
Energy
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