Union Minister for Petroleum and Natural Gas laid the foundation for the Rs.3150 crore polypropylene plant at Indian Oil’s refinery complex at Paradip. This is part of a bigger plan to develop Paradip into a petro-chemical hub. IOC is also evaluating the feasibility of setting up of Ethylene Derivative Plant at an estimated cost of nearly Rs 4,000 crore. Other major projects which are in pipeline include Petkoke Gasification, paraxylene and a number of intra-State crude oil, product and LPG pipelines.
With the polypropylene unit expected to be commissioned within the next three years, a number of plastic processing industries would also come up in the area, paving the way for the development of a petrochemical hub in this zone.
19-Nov-14 
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