The Odisha government recently approved a proposal from Haldia Petrochemicals (HPL) to set up an integrated refinery with an aromatics complex for the production of paraxylene and purified terepthalic acid (PTA) in Balasore district, Odisha.
The proposal was given approval by the High Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik. “The first phase of the HPL project approved today is expected to be operationalized within five years of allotment of land,” said the press release. PTA, one of the products of the project, can be used to set up downstream units in polyester fibres and polyethyl terephthalate (PET). These products are used by several medium- and small-scale enterprises to make garments and food packaging applications.
In addition to HPL, HLCA also approved the proposal of Indian Oil Corporation Ltd to set up a polyester products manufacturing unit of 300 KTPA capacity at the textiles park coming up at Bhadrak district.
The project will create employment opportunities for 209 people. The project will be implemented in the four years after the land allotment. HLCA also approved two other proposals of Rungta Mines Ltd for the conversion of its 5 X 100 TPD sponge iron plant to a 0.53 MTPA integrated steel plant at Karakolha in Keonjhar district and to setup up an integrated steel plant of 0.53 MTPA capacity at Karakhendra in Keonjhar district.