Smita Mishra 
Indian Oil Corporation (IOC) is set to redefine Odisha’s industrial landscape with its plan to invest Rs 61,000 crore in a mega naphtha cracker unit in Paradip. This project, slated to be one of the largest petrochemical ventures in eastern India, represents a strategic shift towards value-added downstream industries.
What is a Naphtha Cracker?
A naphtha cracker breaks down hydrocarbons into basic building blocks like ethylene and propylene, which are then used to manufacture plastics, synthetic rubbers, and fibers. These components are vital to various industries including packaging, textiles, automotive, and pharmaceuticals.
By establishing this unit, IOC is aiming to move up the value chain from fuel refining to advanced petrochemical manufacturing.
Why Paradip?
Paradip’s port, existing refinery, and strong logistics ecosystem make it an ideal location. The new cracker unit will be integrated with IOC’s existing infrastructure, enhancing efficiency and reducing production costs.
The project is expected to generate over 10,000 jobs during construction and thousands more once operations commence.
Boost to the Polymer and Plastic Industry
The naphtha cracker project will trigger the growth of several downstream industries. Odisha could see the emergence of plastic parks, packaging units, and synthetic textile clusters around Paradip. Small and medium enterprises (SMEs) are likely to thrive, contributing to employment and entrepreneurship.
Environmental Safeguards
IOC has assured that the cracker plant will adopt advanced technologies to minimize pollution. Waste recycling, water treatment, and emission controls are part of the blueprint, aligning with India’s commitment to cleaner industrial practices.
With this game-changing investment, Paradip is on its way to becoming eastern India’s petrochemical hub. It’s a visionary project that could unlock Odisha’s potential as a global industrial destination.
