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Project Description
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Project Description
Hindustan Petroleum Corporation (HPCL) is planning a greenfield standalone petrochemical complex at Kakinada SEZ, dist. East Godavari, Andhra Pradesh. The estimated cost of the project is Rs. 400 billion. An MoU has been signed among GAIL (India), HPCL and the Government of Andhra Pradesh for the project. The project will come up on 2,000 acres of GMR`s Kakinada SEZ. The project is in planning stage. According to media reports, the 50:50 JV will set up a 1.5 MTPA ethylene derivatives plant, which will produce a wide range of petrochemical raw materials for the manufacture of detergents, paints and coatings, cosmetics, textiles and adhesives. At the cracking units, catalytic conversion processes are used to produce high-value petroleum by-products. Andhra Pradesh government will support the project by providing infrastructure, power, roads and other clearances. [Info as of: Feb. `17]
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