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Fri, 28th Apr 2017 (Source:The Times of India)
After the central government decided to set up petroleum, chemicals and petrochemical investment region (PCPIR) at Paradip covering an area of 284.15 square km in Jagatsinghpur and Kendrapada districts, Odisha has emerged as a hot destination for petrochemical industries. Experts attending a two-day seminar organised by the Indian Institute of Chemical Engineers (IIChE) said this here on Thursday.
They said Odisha has become an investment paradise in the mineral sector. It has a lot of potential in the chemicals and petrochemicals sector. Indian Oil Corporation Limited's (IOCL) refinery, PCPIR, port and other chemical industries at Paradip and deep port at Dhamra form the base for a chain of downstream activities that include production, handling and end use of host of chemicals and petrochemicals.
Experts like Prof MM Sharma, noted chemical engineer and former director of the Institute of Chemical Technology, Mumbai, suggested the industrial houses to manufacture new products from petrochemicals.
A N Jha, executive director (petrochemicals), IOCL, said several industries are expected to come to PCPIR at Paradip for setting up of their industries. The investment region will be a boon for the industries