Govt. Planning to Present New Chemical Policy

Govt. Planning to Present New Chemical Policy

Considering the feedstock requirement gaps, the country will urgently need at least five new integrated cracker plants, each with 1.5-million-ton capacity before 2025. That will work for at least 20-30% of value addition for the feedstock requirement and serve the increasing demand of petrochemical products in the country, said P Raghavendra Rao, Secretary, Department of Chemicals & Petrochemicals.

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With the Centre in the process of preparing a perspective plan for the chemicals and petrochemicals industry in order project the demand-supply scenario in the future, the demand for petrochemicals will jump for 30 to 40 million tons in next three years, said a top official recently.

Considering the feedstock requirement gaps, the country will urgently need at least five new integrated cracker plants, each with 1.5-million-ton capacity before 2025. That will work for at least 20-30% of value addition for the feedstock requirement and serve the increasing demand of petrochemical products in the country, said P Raghavendra Rao, Secretary, Department of Chemicals & Petrochemicals.

India moves big in its commitment to avail basic feedstock for the Chemicals & Petrochemicals industry, by setting up two-level perspective plans for the years 2025 and 2040, he added.

Rao was speaking in the Indian Chemical & Petrochemical Conference (ICPC) 2018: Vision 2040 conference in New Delhi.

The ICPC policy forum organized by the Confederation of Indian Industry (CII) in association with the Ministry of Chemicals & fertilizers.

T Government wishes to make the policy more action-driven and not prescriptive, giving sustainability and green practices adequate importance. That would further help spurring industrial as well as overall socio-economic development of the country, the Secretary added.

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