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Essar Group Plans $4.9bn Petrochem Complex in Odisha

India's Essar Group plans to set up a $4.92bn petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.

 

The oil to petrochemical complex will have an annual capacity of 7.5 MMt, it said. It did not name its partner in the project.

 

The group also plans to set up a 14 MMtpy export-oriented pelletizing complex in Odisha, at an investment of Rs. 120bn and with a 250-kilometer slurry pipeline, it said.

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