Feedstock availability could be one of the major challenges for India’s PCPIRs

23-May-11

Availability of feedstock is viewed as s one of the major challenges for Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) in India, as per PricewaterhouseCoopers (PwC). Already India is heavily dependent on imports to meet its crude oil requirements. The supply situation has been compounded with the recent production decline from KG-D6 and the lack of new discoveries. All this does not augur well for gas availability and supply security in the country. The government has so far notified four PCPIRs – Dahej in Gujarat, Haldia in West Bengal, Paradeep in Orissa and Visakhapatnam in Andhra Pradesh. A PCPIR would be specifically delineated investment region with an area of around 250 sq kms planned for the establishment of manufacturing facilities for domestic and export led production of petroleum, chemicals and petrochemicals, along with the associated services and infrastructure.