The much-awaited techno-economic feasibility study report prepared by Engineers India Ltd (EIL), said the petrochemical complex is viable in Nagpur. The country’s public sector engineering consultancy and technology licensing company, EIL, found the project feasible with eight options of various feedstock comprising naptha and ethane gases. The report was recently handed over to Dr Vipin Sharma, CEO of Maharashtra Industrial Development Corporation (MIDC) in Mumbai. Vinayak Marathe, refinery and petrochemical expert, handed over the report in presence of Varun Phuljhale of EIL, Anil Kumar of EIL, Dr Vijay Rathod, Joint CEO (V), and Upendra Tamore Deputy CEO – MIDC. A presentation was also made by EIL on the subject.

 

The next step would be handing over the report to Devendra Fadnavis, Deputy Chief Minister and Uday Samant, Maharashtra Industries Minister, who would seek investors for the project from among public sector undertakings. Meanwhile, it is understood that Gas Authority of India Ltd. (GAIL) is keen on investing in Maharashtra in a petrochemical complex.

 

Vidarbha region suffers badly due to the high cost of all the petroleum products and various petrochemicals. Logistics and other issues make it very expensive compared to the other parts of the country. Petrochemical complexes give more than 60 products directly and indirectly used by many of the sectors. This project would make products and petrochemicals cheaper and a large number of industries could then come in this region. A petrochemical complex is highly viable and feasible and due to its due to its central location, it would be beneficial to the nearby states as well.