Odisha News Times News Of Odisha For Odisha
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.
