Government is looking into possibilities of setting up new petrochemical complexes near the 16 petroleum refineries in the country, Fertiliser Minister Ananth Kumar said today.
The petrochemical industry is a sunrise industry having a size of Rs 6 lakh crore and there is a huge potential to raise its capacity substantially, Kumar said. “…we should milk the crude as much as we can. So we are looking into the possibilities that petrochemical complexes can come near the 16 refineries in the country. We are evaluating all the options,” Kumar said.