Petrochemical investors conclave organized by IOCL in Odisha

Published on November 14, 2017

The conclave to be organized by IOCL in Odisha on Thursday with an aim to provide a platform for young investors to interact with business leaders of the petrochemical industry, government functionaries and financial institutions.

"The conclave aims to highlight the emerging investment opportunities in the petrochemicals sector in Eastern India and help catalyst investment in downstream plastic parks and textile parks proposed to be developed in this part of the country," Pritish Bharat, CGM, IOCL Odisha State Office. Meanwhile, a new polypropylene unit of 700 KTA (kilo tonne per annum) capacity is under construction at Paradip Refinery to support the plastic industry, said Sujoy Choudhury, CGM, Petrochemical Marketing.

He said the proposed polypropylene unit will be set up at an estimated investment of Rs 3,500 corer, and is likely to be commissioned by June, 2018.

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