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

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

India extends reverse charge mechanism suspension by 1 yr

Textiles | On 14th Aug 2018

India extends reverse charge mechanism suspension by 1 yr

The Indian Government has extended the suspension of the reverse...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Indian fashion industry

Organic the first choice of any environment-conscious person

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

August 2018

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

news category

Related Categories:

Advanced Search