Chemicals, Plastics, Petrochemicals Sector

Odisha is one of the four states where the Government of India has approved setting up Petroleum, Chemicals, and Petrochemical Investment Regions (PCPIRs). IOCL is the anchor tenant of the PCPIR and has a state-of-the-art 15 MMTPA refinery. Since a high volume of the feedstock is imported, sufficient port capacity is critical for the development of the chemical industry. The Sagarmala Programme identified significant potential for port-led industrialization in Odisha. This is expected to boost industrialization along the Paradip – Gopalpur Corridor, significantly adding to the inherent demand for Chemical and Petrochemical products for industrial use.Read less