Government is planning to set up 12 more petrochemical complexes in order to have one complex in each 16 refineries, a move which could entail few lakh crore of investment, Fertilizer minister Ananth Kumar said on last Friday.
Currently there are four PCPIRs or petrochemical complexes in the country. A Petroleum, Chemical and Petrochemicals Investment Region (PCPIR) is usually a delineated area for manufacturing various types of Petrochemical compounds. PCPIRs are currently present in Gujarat, Andhra Pradesh, Odisha and Tamil Nadu.
