Report by Kahnu Nanda, Paradip: Mr. Lee Shun-Chin President, CPC Corporation along with Delegates from Taiwan Petrochemical Alliance (TPA) accompanied by Mr. Sanjay Kumar Singh Chairman-cum-Managing Director of IDCO, and Commissioner-cum-Secretary, Skill Development and Technical Education Department, Govt. of Odisha, Senior officials from IPICOL visited Paradip Refinery on Wednesday. Mr G.S.Singh Executive Director (In charge) Para dip refinery accompanied by other senior officials were welcomed the delegates.
Earlier, on Tuesday the Taiwanese delegation comprising Government officials and senior level officers of CPC Corporation met Minister of Petroleum & Natural Gas, Skill Development & Entrepreneurship Dharmendra Pradhan held discussions on CPC’s proposed investment in a petrochemicals cracker plant in India and its proposed location at Paradip.
Mr. Lee Shun-Chin, President of CPC Corporation, Taiwan, the delegation had detailed discussions with the Minister Pradhan and senior officials of the Ministry and Mr Sanjiv Singh, Chairman Indian Oil Corporation Ltd. & other higher officials of the oil industry on the proposed investment and identified the East Coast of India, and Odisha in particular, for the location of the cracker and downstream units.
During the discussions, Indian Oil Corporation’s 15-million metric tonnes per annum Paradip Refinery has emerged as a suitable location for investment in a greenfield cracker & downstream units at an estimated investment of USD 6.6 Billion i.e. around Rs. 43000 crores rupees. The proposed cracker, based on different streams of feedstock, will have several downstream units for production of a diverse spectrum of petrochemical intermediates and end-products.
The delegations was given a detailed presentation about Paradip Refinery and the delegations expressed satisfaction after visiting Paradip refinery.