The Maharashtra government de-notified the proposed petrochemical refinery to be set up in Nanar in Konkan region of the state.
About:
In April 2018, an MoU was signed between Saudi Aramco and the three PSUs — HPCL, BPCL and IOC — to develop an integrated refinery and petrochemicals complex at Nanar village in Ratnagiri district, Maharashtra.
The oil refinery is proposed to be promoted by three public sector units — Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC). IOC is the lead partner with 50% while HPCL and BPCL will hold 25% each.
Significance:
The proposed capacity is 60 million tonnes per annum, over 70% more than the 35 million tonnes of Jamnagar, currently India’s biggest refinery.
The proposed investment is Rs. 3 lakh crore and the project has an employment potential of one lakh.
Opposition to it:
While scrapping the project at Nanar, the government said that the proposed refinery project would have caused severe damage to nature, environment, farming and orchards.
According to state government, the project can be taken wherever people would like to welcome it.
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