Bhubaneswar: Indian Oil Corporation Limited (IOC) and Pardip Port Trust (PPT) Monday announced that they will unveil an array of projects worth over Rs 11,000 crore February 6. The projects are slated to be launched in the presence of Union Road Transport and Highways and Shipping Minister Nitin Gadkari, Union Tribal Affairs Minister Jual Oram and Petroleum Minister Dharmendra Pradhan.
Details of the projects were presented at a joint press meet here by PPT chairman Rinkesh Roy, executive director, IOC, Paradip refinery, TDVS Gopalkrishna and ED, IOC, Pritish Bharat.
Pritish, who is also state-level coordinator of Odisha oil industries, listed some projects lined up for February 6. “IOC’s 15-MMTPA refinery will get a boost with the inauguration of a polypropylene (PP) plant built at an investment of Rs 3,150 crore. Also foundation stone will be laid for a monoethylene glycol (MEG) plant at our Paradip refinery and the process for setting up an LPG import terminal will be initiated the same day,” he said.
The 680-KTA PP plant is expected to increase IOC’s petrochemicals capacity to 3.15 MMTPA. It is expected to also considerably reduce import of polypropylene grades, saving foreign exchange for the exchequer.
The 357-KTA MEG plant is proposed to be set up at an estimated cost of Rs 5,654 crore.
Coming to the LPG import terminal, Gopalkrishna said, “IOC plans to set up the 0.6 MMTPA LPG import terminal at an estimated cost of Rs 690 crore. The proposed terminal will receive butane and propane through large sea vessels at South Oil Jetty.” The terminal is imperative for enhanced penetration of cooking gas in eastern region.
Paradip Port Trust has also lined up several projects including a multipurpose berth to handle clean cargo; dust suppression systems at MCHP, Paradip railway station building and Atharabanki RRI; mechanisation of East Quay (EQ)-1, 2, 3 berths at Paradip Port, development of new coal berth to handle coal imports, connectivity of IOHP to MCHP at PPT, installation of container scanner at PPT and a multi-modal logistics park at Paradip port.
Rinkesh, the PPT chairman, said: “ A multipurpose berth is to be constructed on the BOT model. It will be able to handle clean cargo, including containers and will diversify the cargo profile, which hitherto comprised predominantly of bulk cargo such as iron ore and coal. The capacity of the terminal is 5 MMTPA and the estimated cost of the project is Rs 430.78 crore.” He added that the dust suppression system at MCHP will cost Rs 17.5 crore.
According to Rinkesh, the existing 686 m EQ of Paradip Port is semi-mechanised and cargo is handled through mobile harbour cranes or the ship’s own gear. “PPT has taken up mechanisation of EQ berths to enhance their capacity to 30 MMTPA. The estimated cost of the project is Rs 1,437.76 crores,” Rinkesh said.
The foundation stone for development of a new coal berth on BOT basis will also be laid, the PPT chairman said, at the cost of Rs 655.56 crore.
The proposed multi-modal logistics park at Paradip port is expected to boost employment. “The MMLP is being developed an estimated cost of Rs 200 crores over 100 acres. The warehouse complex under MMLP is being developed by CONCOR and would cover 11 lakh square ft. The project will create employment for many.”
PNN