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Taiwan Petrochemical Alliance desire to investment in Paradip refinery

Paradip:1/8/18: A Taiwanese delegation from Taiwan Petrochemical Alliance (TPA) today held talks with Paradip refinery officials to explore Paradip’s viability for proposed investment in a petrochemicals cracker plant.

The Taiwanese delegation’s visit to the Indian Oil Corporation’s 15-million metric ton desire to nes per annum Paradip refinery assumes significance as the TPA proposes to establish a Greenfield cracker & downstream units at an estimated investment of Rs. 43000 crores rupees on country’s eastern coast.

The TPA delegation explored the viability of Paradip as the site for the proposed Greenfield unit. As the oil refinery is in operation, Paradip has locational advantage and best-suited for the proposed unit, said refinery officials who explained them suitability of the place for the petrochemicals cracker unit.

Lee Shun-Chin President, CPC Corporation along with delegates from Taiwan Petrochemical Alliance (TPA) accompanied by Sanjay Kumar Singh, Chairman-cum-Managing Director of IDCO, & Commissioner-cum-Secretary, Skill Development & Technical Education Department, Odisha, Senior officials from IPICOL visited Paradip Refinery today. Later they held discussion on the TPA’s investment project in petrochemical cracker plant.

Earlier yesterday, the Taiwanese delegation had met union petroleum minister Dharmendra Pradhan on CPC’s proposed investment in a petrochemicals cracker plant in India.

The Taiwanese have already decided to do the investment and has identified the eastern coast and Odisha in particular, for the location of the cracker & downstream units, said oil company officials.

We are hopeful that the proposed unit by the Taiwanese would come up in Paradip. The talks with them were held in amiable and cordial manner. The Taiwan Petrochemical Alliance (TPA) has also evinced interest for the establishing the plant at Paradip.

The proposed cracker, based on different streams of feedstock, will have several downstream units for production of a diverse spectrum of petrochemical intermediates and end-products.

The delegation was given a detailed presentation about Paradip Refinery followed by site visit to Refinery Main Control Room and units.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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