Dibrugarh, Jun 1 : The Assam government will invest Rs 500 crore for setting up a new methanol plant at the Assam Petrochemicals Limited, Namrup, which will produce 500 tonnes of methanol per day.
The new plant will be an addition to the existing plant, which has a capacity of producing 100 tonnes of methanol per day.The announcement was made by industries minister Pradyut Bordoloi as the chief guest during the inaugural meeting of a daylong presentation on investment opportunities in downstream projects of the Assam Petrochemicals Limited.
The meeting, presided over by APL chairman Rameswar Dhanowar, was organised at the Rangghar auditorium complex of Dibrugarh University this morning. The new methanol plant is expected to be complete by 2009.
However, the APL was yet to sort out the issue of supply of gas, which is the feedstock for the plant, with Oil India Limited.
APL also has a formaldehyde plant producing 100 tonnes of the chemical per day.
“No government can solve the problem of unemployment by giving away jobs. This has been one of the biggest challenges for us and this is why we have been concentrating on the promotion of downstream industries. This will not only boost the rural economy but also provide ample self-employment opportunities for lakhs of unemployed youths of the state,” the minister said.
Responding to a request by the APL managing director O.P. Tailor to include the company’s new methanol project in the state government’s high priority agenda, Bordoloi said the government would do everything possible to see that the new plant comes up at the earliest.
“Apart from helping the plant, we will also see that there is a steady growth of downstream industries. We have decided to acquire a 1,500- bigha plot in Tinsukia for setting up a plastic park,” the minister said.
APL is one among the three profit-making PSUs owned by the state government and the company has been yielding a profit of around Rs 10 crore every year in the past five years.
Telegraph India
The new plant will be an addition to the existing plant, which has a capacity of producing 100 tonnes of methanol per day.The announcement was made by industries minister Pradyut Bordoloi as the chief guest during the inaugural meeting of a daylong presentation on investment opportunities in downstream projects of the Assam Petrochemicals Limited.
The meeting, presided over by APL chairman Rameswar Dhanowar, was organised at the Rangghar auditorium complex of Dibrugarh University this morning. The new methanol plant is expected to be complete by 2009.
However, the APL was yet to sort out the issue of supply of gas, which is the feedstock for the plant, with Oil India Limited.
APL also has a formaldehyde plant producing 100 tonnes of the chemical per day.
“No government can solve the problem of unemployment by giving away jobs. This has been one of the biggest challenges for us and this is why we have been concentrating on the promotion of downstream industries. This will not only boost the rural economy but also provide ample self-employment opportunities for lakhs of unemployed youths of the state,” the minister said.
Responding to a request by the APL managing director O.P. Tailor to include the company’s new methanol project in the state government’s high priority agenda, Bordoloi said the government would do everything possible to see that the new plant comes up at the earliest.
“Apart from helping the plant, we will also see that there is a steady growth of downstream industries. We have decided to acquire a 1,500- bigha plot in Tinsukia for setting up a plastic park,” the minister said.
APL is one among the three profit-making PSUs owned by the state government and the company has been yielding a profit of around Rs 10 crore every year in the past five years.
Telegraph India
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