Reported by Chinmaya Dehury/Edited by Swetaparna Mohanty
Bhubaneswar, Aug 13
The Odisha government has decided to engage Singapore-based Jurong Consultants Pte Ltd for preparing a product profile and feasibility study on the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) proposed at Paradeep.
This was revealed by the state government during a recent meeting of the parliamentary standing committee on chemicals and fertilizers, which reviewed the status of the project.
Odisha Project Development Company Limited (OPDCL), a joint venture of Odisha Industrial Infrastructure Development Corporation (IDCO) and Infrastructure Leasing & Financial Services Limited (IL&FS), is the programme manager for the project that is expected to attract investments worth Rs 2.74 lakh crore.
While a preliminary environment impact assessment of the project was carried out through IL&FS and L&T Ramboll, the detailed environment impact assessment is yet to be taken up due to lack of clarity from Indian Oil Corporation Ltd (IOCL), the anchor tenant of the project, regarding the availability of petrochemical feedstock, the status report revealed.
The report further stated that IDCO would also undertake a detailed environment impact assessment study for the project soon after completion of the product profile study of PCPIR.
Around 3,300 acres of land have already been acquired and handed over to IOCL for its 15 million tonne per annum (MTPA) oil refinery that is set to go on stream by the end of 2013. The anchor tenant has already invested close to Rs 22,000 crore on its refinery project.
IOCL has also committed a polypropylene unit by 2016-17 and a polyethylene unit by 2017-18. The state government, meanwhile, is in the process of identifying new anchor tenants interested in setting up petrochemical cracker units within the PCPIR region.
In addition to the land allotted to IOCL, IDCO has also taken possession of 485 acres of land. Moreover, acquisition of 1100 acres of land is underway for some industries and an industrial township.
IOCL has also signed a memorandum of understanding (MoU) with Dhamra Port Company Ltd (DPCL) for a five MTPA LNG liquefied natural gas (LNG) terminal within the port premises at a cost of Rs 5000 crore. Recently, IOCL signed a MoU with the Odisha government for development of natural gas infrastructure. The natural gas availability from this terminal is expected to boost downstream industries in the PCPIR region.