Conclave Session: Chemicals & Petrochemicals
November 13, 2018 02:00-04:00 PM Seminar Hall: Brahmani
- The objective of this 2-hour session on ‘Chemicals and Petrochemicals’ is to provide a platform to discuss the opportunities for creating a conducive ecosystem for the creation of downstream value chain in petrochemicals and chemicals sector in Odisha.
- The Indian Chemical Industry currently accounts for only 3.4% of the global chemical market and there is a significant potential for the sector to grow. The chemicals industry along with its sub-segments such as petrochemicals, agro-chemicals, specialty chemicals and fertilizers is related to almost all the key manufacturing sectors making it very crucial for the economic development of the country.
- Odisha has been fast emerging as a petrochemicals hub in the country.Home to 3 major ports- Paradip, Dhamra and Gopalpur, the State has the potential to attract significant investments in the sector, especially in port based manufacturing units.The Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Paradip is one of the 4 PCPIRs in the country and is the only greenfield PCPIR which has seen significant developments in recent times. The State has identified Chemicals and Petrochemicals as a Focus Sector and offers competitive advantages to industries setting up manufacturing facilities in the sector.With a stable government and technological advancements in the form of time-bound online approvals driven by significant business reforms, the PCPIR offers a unique opportunity for investments.
- IOCL is the anchor tenant at the PCPIR with a 15 MMTPA refinery and is planning to set up units for Polypropylene, MEG, Paraxylene-PTA Complex and Petcoke gasification which will spur downstream development for the petrochemicals sector. In addition, several other global players have shown preliminary interest in setting up petrochemical units in the PCPIR. The Plastics Park at Paradip, developed with equity partnership with IOCL, is now ready for investments and has seen enthusiastic response from the plastics sector manufacturing companies units from across the country.
The Chemicals and Petrochemicals session at Make in Odisha Conclave 2018 aims to bring together public and private sector experts to brainstorm on the key issues and action plan for development of the chemicals and petrochemicals sector in the State. The key topics of discussion shall include:
- Existing Chemicals, petrochemicals and plastics manufacturing ecosystem in Odisha
- Existing Policy initiatives and doing business framework for the sector
- Vision and interventions required for development of the sector in the State
- Promoting downstream development, supporting MSME ecosystem and job creation
- Experience and perspective sharing by enterprises operating in the sector
Representatives from the industry involved across the value chain of chemicals, petrochemicals and plastics manufacturing are welcome to attend and participate in the deliberations.