Home / Knowledge / News / Textiles / Taiwan's petrochem project in India hits feedstock barrier

Taiwan's petrochem project in India hits feedstock barrier

Aug '18
Courtesy: CPC Corporation
Courtesy: CPC Corporation
India’s Odisha state recently assured support to Taiwan’s state-owned petroleum firm CPC Corporation, which plans to invest $6.6 billion in a petrochemical unit at Paradip. The project, however, has reportedly bumped into a hurdle as Indian Oil Corporation Ltd (IOCL), which has a refinery in Paradip, has expressed reservations to supply raw material.

The assurance came from state chief minister Naveen Patnaik after he met a visiting CPC delegation led by its president Shun-Chin Lee in Bhubaneswar.

State chief secretary AP Padhi said the state government is ready to extend all assistance like land, water, electricity and incentives to CPC.

After meeting Indian petroleum minister Dharmendra Pradhan in New Delhi on July 31, the Taiwanese delegation also visited Paradip and discussed the proposed project with Paradip Port Trust (PPT) and IOCL authorities in separate meetings, according to media reports from the state.

The CPC project is dependent on a consistent supply of feedstock by the IOCL refinery unit in Paradip. But IOCL has genuine feedstock constraints is not in a position to firm up commitments for the downstream units, according to a report in a leading Indian business daily.

The potential polymer-based units at the PCPIR hub were looking at a steady supply of ethylene from IOCL’s Paradip refinery.

IOCL, however, plans to use ethylene as a feed to set up a mono ethylene glycol plant as part of its petrochemical complex. Hence, it is not in a position to spare ethylene for the downstream units as the entire quantity is expected to be consumed in the value addition process, the business daily reported. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th May 2020

Affordable fabric face masks to be manufactured in Egypt

Affordable face masks made of fabric will soon be available in the...

Pic: Shutterstock

Textiles | On 26th May 2020

Govt exploring new lending institutions to support MSMEs

The Indian government is exploring new financial lending institutions ...

Pic: Shutterstock

Fashion | On 26th May 2020

Brands, designers used to fast fashion urged to change

The Council of Fashion Designers of America (CFDA) and the British...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....



<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search