India approves establishment of petrochemical and petrochemical investment area

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The Indian government has approved the proposal of the Tamil Nadu government to establish an oil, chemical and petrochemical investment area (PCPIR) in the Gudlom and Nagabetterim areas. This was since Andhra Pradesh, Gujarat, West Bengal and Orissa. Another state in India has been approved to build PCPIR.

The total investment in the PCPIR is estimated at 921.6 billion rupees (US$16.8 billion), including the 221.6 billion rupees already committed. The project will be built on the coast belt of Goodloe, covering an area of ​​256.8 square kilometers, of which 104 square kilometers of processing area. Nacional Oil Corporation (NOCL), a joint venture between Tamil Nadu Industrial Development Corporation and Nakakuna Fertilizers and Chemicals, has built a new 6-million-ton/year refinery in Goodlour, expected for 2013 September put into production. NOCL plans to expand the refinery to 15 million tons/year by 2016, including a paraxylene (PX) unit, a PTA unit, and a propylene recovery unit.

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