The West Bengal Industrial Development Corporation Ltd (WBIDC) and the Indian Oil Corporation (IOC) have signed an agreement for the setting up of a chemical hub in the proposed Special Economic Zone (SEZ) in Haldia, where IOC will assume the role of the `anchor investor'.
A techno-economic feasibility study would be conducted by IOC and the WBIDC for the setting up of a 15-million ton `grassroots' refinery and various other integrated downstream units. The setting up of the grassroots refinery would involve an outlay of Rs. 1,500 crore. The chemical hub is likely to have polyester, polymer, benzene and paraxylene downstream units. It is expected to be completed by 2012. IOC would be conducting a study on various aspects of the chemical hub. The Indonesian conglomerate, Salim Group, would build the infrastructure for the chemical hub.
29-Sep-06 
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