Tuesday, October 28, 2025
hello@chemdive.com
Write for us
ChemDive - Unveiling the latest in the chemical world
No Result
View All Result
  • Home
  • World
  • Asia
  • America
  • Europe
  • MENA
  • Energy
  • Petrochemicals
  • Speciality Chemicals
  • Product ListHot
  • Home
  • World
  • Asia
  • America
  • Europe
  • MENA
  • Energy
  • Petrochemicals
  • Speciality Chemicals
  • Product ListHot
No Result
View All Result
ChemDive - Unveiling the latest in the chemical world
No Result
View All Result
Home Asia

IndianOil to invest Rs. 61,077 crore in Odisha for mega petrochemical complex

Taanvi Sawhnay by Taanvi Sawhnay
April 9, 2025
in Asia, Petrochemicals
Reading Time: 2 mins read
0
A A
0
IndianOil to invest Rs. 61,077 crore in Odisha for mega petrochemical complex

Photo Credit: https://www.indianchemicalnews.com/

This venture builds on IndianOil’s existing 15 MMTPA Refinery-cum-Petrochemical Complex at Paradip

Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical Complex at Paradip. The MoU was exchanged within the presence of Hardeep Singh Puri, Minister of Petroleum and Natural Gas, Dharmendra Pradhan, Minister of Education, Mohan Charan Majhi, Chief Minister, Odisha, and other senior dignitaries.

With an funding of Rs. 61,077 crore, this marks IndianOil’s largest-ever funding at a single location and a transform step in India’s petrochemical and industrial development.

The approaching complex will house a dual-feed cracker and related downstream units for the manufacturing of extensive range of petrochemicals inclusive of Phenol, Polypropylene (PP), Isopropyl Alcohol (IPA), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), Phenol, and Butadiene.

These products will function key raw material for specialty chemical sectors like pharmaceuticals, agrochemicals, coatings, and adhesives, substantially decreasing import dependency and helping the Aatmanirbhar Bharat and Make in India missions.

Speaking at the event, Puri stated, “This ultra-modern Petrochemicals hub will catalyse the development of Paradip Petroleum, Chemicals & Petrochemicals funding Region (PCPIR) and create direct & indirect employment chances in the region.”

Also Read :

Trump declares 100% additional tariff on China starting in November

BASF gains mechanical completion of steam cracker at Zhanjiang Verbund site

Will Anti-Involution Measures Restore Petrochemical Supply-Demand Balance Sooner Than Expected?

NTPC Green Energy invites green chemical venture developers to its AP green hydrogen hub

Addressing the collection, Pradhan shared, “With petroleum sector funded more than 2.04 lakh crore in the last decade, Odisha is on-path to become one of the most essential hub of energy transition inside the world.”

Appreciating the funding in the state, Majhi remarked that the partnership will catalyse Odisha’s industrial growth, create employment, and make the state a top funding destination.

A. S. Sahney, Chairman, IndianOil, delivered, “We stand today on the cusp of a transform chapter—not just for the state of Odisha, but for India’s petrochemical landscape.”

This venture builds on IndianOil’s present 15 MMTPA Refinery-cum-Petrochemical Complex at Paradip and could improve downstream industries and MSMEs across Eastern India.

With this strategic funding, IndianOil maintains to boost its position as a national energy chief devoted to driving industrial transform and inclusive growth, while strengthening energy security.

ShareTweetShareShareSend
Taanvi Sawhnay

Taanvi Sawhnay

I’m Taanvi Sawhnay, known as Tan, a professional blogger with a deep interest in the global chemical industry. I’ve spent years writing for various platforms, delivering insightful analysis and up-to-date news. At ChemDive, I share my knowledge and passion, making complex industry trends accessible to professionals, academics, and enthusiasts alike. My goal is to engage readers with clear, informative content while keeping them informed about the latest developments in the chemical world.

Related Posts

BASF delivers first biomass-balanced DMAPA to Galaxy Surfactants
Asia

BASF delivers first biomass-balanced DMAPA to Galaxy Surfactants

September 30, 2025
0
IOC inaugurates acrylics and oxo-alcohol plant at Gujarat Refinery
Asia

IOC inaugurates acrylics and oxo-alcohol plant at Gujarat Refinery

September 29, 2025
0
Phosgene industry manages track record on safety, but better oversight of triphosgene use is needed
Asia

Phosgene industry manages track record on safety, but better oversight of triphosgene use is needed

September 23, 2025
0
ACME Group and Japan’s IHI corporation report on progress of mega green ammonia venture in Odisha
Asia

ACME Group and Japan’s IHI corporation report on progress of mega green ammonia venture in Odisha

September 22, 2025
0
SK Group to sell whole 35% stake in Chinese JV Sinopec-SK Petrochemical
Asia

SK Group to sell whole 35% stake in Chinese JV Sinopec-SK Petrochemical

September 17, 2025
0
Indian chemist dies after methanol inhalation incident
Asia

Indian chemist dies after methanol inhalation incident

September 16, 2025
0

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • America
  • Asia
  • Energy
  • Europe
  • Events
  • Inventions
  • Latest News
  • MENA
  • Petrochemicals
  • Speciality Chemicals
  • World

Chemstream, Synthex Organics Merge to Expand Specialty Chemical, Oilfield Solutions

‘No Surprise,’ Trump Administration Faces Lawsuit Over Chemical Plant Pollution Exemptions

SOCMA Outlook emphasize Resilient Specialty Chemical production Sector

Arkema proceeds to decarbonize its Lacq/Mourenx site

LyondellBasell releases new polypropylene effect copolymer

16 dead in US munitions manufacturing facility explosion

About ChemDive

ChemDive is a premier platform providing up-to-date global chemical news, industry insights, and in-depth analysis of trends shaping the chemical sector. It serves as a comprehensive resource for professionals, researchers, and enthusiasts, offering coverage on innovations, regulations, market developments, and technological advancements in the chemical industry. 

Quick Links

  • About Us
  • Privacy Policy
  • Write for Us
  • Terms & Conditions
  • Contact Us

Contact Us

Email: hello@chemdive.com

Designed & Managed by AK Network Solutions

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • World
  • Asia
  • America
  • Europe
  • MENA
  • Energy
  • Petrochemicals
  • Speciality Chemicals
  • Product List

© 2024. Designed & Developed by AK Network Solutions

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.