Union Ministry plans to revise India's PCPIR policy

31-Jul-17

The Union Ministry of Chemicals and Fertilisers is planning to revise the Petroleum, Chemicals and Petrochemicals Industrial Region (PCPIR) policy 2007 after three of the four PCPIRs failed to achieve the “desired success”.

Rajeev Kapoor, Secretary, Department of Chemicals and Petrochemicals, said barring Dahej PCPIR, where the anchor tenant ONGC Petro-additions Ltd (OPaL) has initiated operations, the remaining three at Vishakhapatnam-Kakinada in Andhra Pradesh, Paradeep in Odisha and Cuddalore-Nagapattinam in Tamil Nadu have not made any significant progress. Kapoor said during his address at the 6th Petrochemical Conclave organised by the Union Ministry of Petroleum and Natural Gas, “The key issue is that the industry feels that the anchor tenant in the PCPIR is not sparing feedstock for downstream units and they are converting the available polymers into bulk polymers.”