Petrochemical hubs planned around 22 refineries in India

28-Jun-16

The government plans to set up petrochemical complexes around all the 22 refineries in India to help generate one crore jobs.“The government has decided to establish petrochemical hubs in and around all 22 refineries,” Union Chemicals and Fertilisers Minister Ananth Kumar said at a seminar, adding that “This will result in savings as cluster approach can reduce costs. The projects need not be confined only to greenfield projects but also cover brownfield projects already running at various places."

The minister also urged the chemical industry “not to just rely on government incentives but become competitive” in feed stock, procurement of natural gas and production of end-products, towards doubling the sector’s growth to US$400 bln by 2021. “The government is a facilitator. We are here to support you. Please don’t just rely on incentives. That will be there. Become more competitive,” he said.