IOCL's ethylene supply constraints threaten petro investments in Odisha

Odisha’s efforts to draw downstream investors for its PCPIR (Petroleum, Chemicals & Petrochemicals Investment Region) has suffered a jolt with the Indian Oil Corporation Ltd (IOCL), which is the anchor tenant for the hub, citing constraints in supplying ethylene.

The potential polymer-based units at the PCPIR hub were looking at a steady supply of ethylene from the IOCL refinery installed at Paradip. IOCL, however, has plans to use ethylene as a feed to set up a mono-ethylene glycol plant as part of its petrochemical complex. In this backdrop, the oil marketing company is not in a position to spare ethylene