Government of Odisha has appointed Singapore-based Jurong Consultants, for preparing a product profile and feasibility study on the PCPIR , proposed at Paradeep in Odisha.
Odisha Project Development Company, a JV of Odisha Industrial Infrastructure Development Corporation (Idco) and IL&FS, is the programme manager for the project. The detailed environment impact assessment (EIA) study for the PCPIR project will be conducted by Idco. The EIA will be done soon after completion of the product profile study of PCPIR.
Indian Oil Corporation (IOCL), is the only tenant that acquired around 3,300 acre of land for its 15 million tpa refinery. The project, estimated to cost Rs 22,000 crore, is expected to be completed by December 2013. IOCL is also planning to set up a polypropylene unit by FY17 and a polyethylene unit by FY18.
Meanwhile, the state government is in the process of identifying new anchor tenants interested in setting up petrochemical cracker units within the PCPIR region. The PCPIR project will come up over 284.15 sq km (70,214 acre) in Jagatsinghpur and Kendrapara districts.