CHENNAI:
The proposed Nagapattinam refinery, envisioned as a joint venture between Chennai Petroleum Corporation Limited (CPCL) and Indian Oil, is set to be a game-changer as the state is keen to develop Petroleum Chemicals Petrochemical Investment Regions (PCPIRs), with Nagapattinam being a key focus, according to H Shankar, Managing director of CPCL.
Speaking during Confederation of Indian Industry Tamil Nadu organized Chemvision 2024 here on Friday, Shankar said with the basic configuration complete and awaiting final government clearances, this refinery is expected to serve as a cornerstone for the development of a thriving petrochemical ecosystem in the area.
He also said that with the polymer park alongside the refinery, will further enhance this vision, positioning the region as a major player in India’s petrochemical future.
"With a focus on transitioning from fuel-based to petrochemical production, CPCL is set to reduce import dependency and boost self-sufficiency, requiring significant investment and innovation. Collaboration with academia will be key to fostering advancements, bridging research and application, and promoting sustainable practices in the industry," Shankar added.
"The Indian Chemical Council estimates that India's chemical industry, which was around $170 to $180 billion in 2021, contributing around 5% of India's GDP, is expected to grow to around $310 billion by 2027 and $1 trillion by 2040," said Ramkumar Shankar, managing director, ChemplastSanmar Ltd.
Tamil Nadu’s industrial ecosystem stands out as a balanced and inclusive model, with diverse contributions from manufacturing, services, and agriculture. The State’s chemical industry is poised to play a pivotal role in India's journey toward becoming a global chemical powerhouse, he added.
D Sneha, Executive Director, SIPCOT, highlighted the role of Sipcot in shaping Tamil Nadu's industrial landscape by fostering robust ecosystems tailored to industry needs. The conference had four panel discussions on investment opportunities and infrastructure advantages for the chemical sector in Tamil Nadu.
The proposed Nagapattinam refinery, envisioned as a joint venture between Chennai Petroleum Corporation Limited (CPCL) and Indian Oil, is set to be a game-changer as the state is keen to develop Petroleum Chemicals Petrochemical Investment Regions (PCPIRs), with Nagapattinam being a key focus, according to H Shankar, Managing director of CPCL.
Speaking during Confederation of Indian Industry Tamil Nadu organized Chemvision 2024 here on Friday, Shankar said with the basic configuration complete and awaiting final government clearances, this refinery is expected to serve as a cornerstone for the development of a thriving petrochemical ecosystem in the area.
He also said that with the polymer park alongside the refinery, will further enhance this vision, positioning the region as a major player in India’s petrochemical future.
"With a focus on transitioning from fuel-based to petrochemical production, CPCL is set to reduce import dependency and boost self-sufficiency, requiring significant investment and innovation. Collaboration with academia will be key to fostering advancements, bridging research and application, and promoting sustainable practices in the industry," Shankar added.
"The Indian Chemical Council estimates that India's chemical industry, which was around $170 to $180 billion in 2021, contributing around 5% of India's GDP, is expected to grow to around $310 billion by 2027 and $1 trillion by 2040," said Ramkumar Shankar, managing director, ChemplastSanmar Ltd.
Tamil Nadu’s industrial ecosystem stands out as a balanced and inclusive model, with diverse contributions from manufacturing, services, and agriculture. The State’s chemical industry is poised to play a pivotal role in India's journey toward becoming a global chemical powerhouse, he added.
D Sneha, Executive Director, SIPCOT, highlighted the role of Sipcot in shaping Tamil Nadu's industrial landscape by fostering robust ecosystems tailored to industry needs. The conference had four panel discussions on investment opportunities and infrastructure advantages for the chemical sector in Tamil Nadu.
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