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Paradip Oil Refinery inaugurated

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Prime Minister Narendra Modi dedicated the Paradip Oil Refinery to the nation, marking the commissioning of the project, which was conceptualized years ago in the presence of Governor Dr. SC Jamir and Odisha CM Naveen Patnaik.Among others, Union Ministers Jual Oram and Dharmendra Pradhan, State Ministers Dr. Damodar Rout and Debi Prasad Mishra, Lok Sabha MP Dr. Kulamani Samal, Rajya Sabha MP Ranjib Biswal, B Ashok, Chairman, Indian Oil, Tawfiq-e-Elahi Chowdhury, Energy Adviser to the Bangladesh prime minister, Dr Anoma Gamage, Dy Minister of Oil & Gas & Cabinet Minister of Public Enterprises of Sri Lanka were present at the occasion.

Union Minister Dharmendra Pradhan in his brief welcome speech ,appreciated the gesture of PM Modi for being part of the inauguration ceremony and also called CM Naveen Patnaik a ‘popular’ CM. He also recalled the efforts of legends of Odisha as well as former PM AB Vajpayee. Pradhan also addressed Dr. Damodar Rout as a ‘fatherly figure’.

Chief Minister of the state Naveen Patnaik thanked PM Modi and then PM Atal Bihari Vajpayee. At the same time, he paid rich tribute to late Biju Patnaik who worked hard for this project and listed the efforts and achievements of his own government.He requested the PM for giving special status to Odisha.

Hon’ble Prime Minister Modi started his speech in Odia paying tribute to Lord Jagannath.He also paid homage to legends of Odisha such as Utkalmani Gopabandhu Das, Utkal Gourav Madhu Sudan Das, freedom fighter Veer Surendra Sai, Utkal Keshari Harekrushna Mahatab, late Nabakrushna Choudhury, Rama Devi, Malati Devi, Prana Krushna Parija, late Biju Patnaik etc. Modi also invoked Sudra Muni Sarala Das in his speech and hailed the Odia culture and heritage, which included maritime history and ‘Boita Bandana’ celebrations. He also called Odisha as the ‘Land of Sun God’.

Modi siad the Paradip Oil Refinery will be a game changer project. “It will change the fate of Odisha and provide enough employment to youth of the state. In addition, Paradip will take credit being the major source of energy in India”, he said. “Paradip Oil Refinery has set a new precedent in ‘Make In India’ initiative, as the technology used here is completely indigenous and our Engineers/Technicians deserve all credit for this achievement,” he added.

The oil refinery will pave the way for second industrial revolution in eastern India. The Paradip Oil refinery project is said to be one of the most modern coastal export oriented processing units of Indian Oil Corporation Limited (IOCL) with a future petrochemicals unit spread over 3,344 acre. IOCL has invested around Rs 35,000 crore in the project. The oil refinery is the first zero-residue refinery of India.

Paradip Oil Refinery will produce 5.6 million tons per annum of diesel, 3.79 million tons of petrol and 1.96 million tons of kerosene/ATF. Besides, 790,000 tons of LPG and 1.21 million tons of petcoke would also be produced. As of now, Paradip Refinery will produce petrol and diesel of BS-IV quality and later will switch to BS-VI quality to comply with the Auto Fuel Policy.

A polypropylene plant is under implementation at a cost of Rs 3,150 crore, which is scheduled for completion by 2017-18. The refinery will also set an Ethylene Recovery Unit /Mono-Ethylene Glycol (MEG) at an estimated cost of Rs 3,800 crore. These units are expected to be completed by 2020-21.

News Courtesy : Odisha News Insight

Also Read : Odisha Business News

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