India's First Greenfield Integrated Refinery-Cum-Petrochemical Complex
Why in news?
Prime Minister Narendra Modi is set to inaugurate India's first greenfield integrated refinery-cum-petrochemical complex in Pachpadra, Rajasthan, marking a significant development in the nation's energy sector.
Key points
- The complex is located at Pachpadra in Balotra, Rajasthan.
- It is a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan.
- The project has an investment of over ₹79,450 crore and a capacity of nine million metric tonnes per annum (MMTPA).
- This initiative is a major step towards enhancing India's refining and petrochemical capabilities.
Background & context
Greenfield projects refer to the construction of a new facility from scratch on undeveloped land. Integrated refinery-cum-petrochemical complexes aim to maximize value by processing crude oil into both fuels and petrochemical products, reducing import dependence.
★ Prelims fact capsule
The refinery-cum-petrochemical complex in Rajasthan is a joint venture between HPCL and the Rajasthan government.
✎ Mains relevance
GS Paper 3: Economy - Infrastructure: Energy, Ports, Roads, Airports, Railways etc., Conservation, environmental pollution and degradation, environmental impact assessment.