Gifted with a massive oil and gas reserve in its under-belly, Rajasthan is now aiming to become a prosperous state through its refinery and the proposed petroleum, chemicals and petrochemicals investment region (PCPIR).
Rajasthan has high hopes from the Rs 44,000 crore oil refinery—a dream project of the Congress government that suffered several hiccups but has started rolling now. The refinery will come at Pachpadra village in the border district of Barmer. It will be a joint venture of the Hindustan Petroleum Corporation Ltd (HPCL) and the government of Rajasthan.
Barmer refinery and petrochemical complex is a new facility that is currently being developed for the production of clean fuels in the Barmer district of Rajasthan, India. It is commonly called Barmer refinery.
The new refinery and petroleum complex will have a total processing capacity of nine million metric tonnes per annum (mmtpa). It will be used for the production of BS-VI grade motor spirit and diesel fuel, as well as other products including ethylene and propylene derivatives.
The derivatives will be used as feedstock in industries, such as textiles, packaging and petroleum. Thus, it is expected that with the derivatives available, it would lead to the setting up of more industrial units and thousands of job opportunities.
The project is the first of its kind in Rajasthan and is being developed by a joint venture (JV) between Hindustan Petroleum Corporation Limited (HPCL, 74%) and the Government of Rajasthan (26%) known as HPCL Rajasthan Refinery Limited (HRRL).
High hopes on investments
The Gehlot government expects Rs 15,000 crore investment in the proposed PCPIR and these expectations are based on the response of nearly 100 companies that took part in the virtual meeting organized by the state government in association with the CII.
The response of foreign companies was overwhelming. Companies from Saudi Arabia, the UAE, Oman, Germany, the UK, the US, Switzerland, Netherland, France, Japan, Singapore, Taiwan, Brazil, Bahrain, Jordan, South Korea and South Africa participated in the virtual meeting.
Industries minister Parsadi Lal Meena said that the state government’s investment wing, the Rajasthan Industrial Investment Corporation (RIICO), will develop PCPIR near the nine million tone refinery plant. He said the by-products from the refinery complex like polyethylene, polypropylene, butadiene, benzene and toluene will be available for the downstream industries.
RICCO will soon start allotting plots for this PCPIR and a total of 93 such plots will be allotted in the first phase. These plots are spread in 243 hectares near Pachpadra.
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