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Patnaik urges PM to ask IOCL set up PCPIR

Press Trust of India  |  Bhubaneswar 

Chief Minister Naveen today urged Modi to ask IOCL to set up an integrated unit under the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), "An integrated Unit needs to be set up urgently if the objectives of setting up the PCPIR are to be realised," wrote to the He said that unit will provide possibility of maximising production of Ethylene, Propylene, Butadiene and Aromatic cuts. further said these will work as feedstock for a variety of industries that could serve the increasing demands of in the country across sectors such as textiles, polymersm pharmaceuticals, and others. mentioned that in the meeting held on January 30, 2014 under the chairmanship of for Petroleum and Natural Gas, the establishment of unit was planned and IOCL was advised to evolve a time bound plan for producing power from gas instead of naptha. Subsequently, Chief secretary in a letter to the on May 2, 2015 had requested to intervene in the matter to impress upon IOCL to establish a Naptha Carcker unit, said. Therefore, said: "It is requested that IOCL may be asked to take up development of and downstream units on priority.

It is also important that development of common infrastracture and utilities at the PCPIR, is taken up concurrently and necessary financial support from the Govenrment of is extended for the success of the project." said this would help spurring industsrial as well as overall socio-economic development of the eastern region.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 20:25 IST
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