Snapshot

An exclusive Petroleum, Chemicals and Petrochemicals Investment Region at Paradeep to cater to petroleum and petro-chemicals sector.

Area

The Region is spread over an area of 284 sq km.

Estimated Investment

• Expected to attract investments of USD 43.74 billion.
• USD 6.14 billion of investment already in place.

Ecosystem

A. Feedstock and Anchor Tenant

Anchor tenant in Indian Oil Corporation Limited with 15 MMTPA grass root refinery. Petrochemicals feedstock potential from IOCL refinery:

• 700 KTA Polypropylene plant by 2017
• 400 KTA Mono Ethylene Glycol plant by 2019
• 200 KTA Paraxylene –PTA Complex by 2020
• 1250 KTA Petcoke based synthetic ethanol by 2021

B. Land and Infrastructure

• The region is logistically well connected, anchored with Paradeep Port, the largest port on the East Coast of India.
• Connected through a 6-lane National Highway 5A to major towns of the country.
• Exclusive industrial parks for plastics and polymers. One such facility is under development exclusively for plastics, expected to be operational in 2016.
• A dedicated logistics park to cater to the industries in the Region.
• Power: 220 KV double line circuit connected to 2 * 400 KV Grid substation for uninterrupted power supply
• Gas and LNG Terminals: A 30 MMSCMD Surat – Paradeep gas pipeline being developed and two LNG terminals at Paradeep and Dhamra are being planned.

C. Policy Framework

• An exclusive policy on PCPIR with an enabling framework to create Petrochemical hubs.
• PPP based infrastructure development
• Special incentives under the Industrial Policy-2015 of Odisha

Investment Opportunities

The key investment opportunities are as below:

Integrated Petrochemicals

• Polypropylene as feedstock: Packaging, lab products clothing, nonwovens, waterproofing, plastic parts, carpeting, reusable products, paper, technology equipment, thermoplastic fibre reinforced composites
• Mono Ethylene Glycol- for Polyester chips, fibres, PET bottle, PET chips polyester
• Petcoke – for aluminium, steel and titanium smelting industry
• Paraxylene and Styrene

Development of distillates Infrastructure

• Downstream Greenfield industrial clusters
• PPP based development of infrastructure in road, power, water supply, jetty etc.
• Investments in Plastics Park spread over 120 Acres
• Common Facilities and Skill Development Centres
• Development of social infrastructure viz. housing, commercial, recreational facilities on PPP basis