India’s largest offshore fields are in KG basin in the State, and extend over 28,000 sq. km on land, 24,000 sq. km in "shallow'' waters offshore and 18,000 sq. km in deep waters.
Chemicals & Petrochemicals, constituting Oil & Gas, Fertilizers & Agro-Chemicals, Bio-based Chemicals, Battery Chemicals, Sodium-based Chemicals & Water Management Chemical manufacturing units, are the key contributors to the Sector.
Andhra Pradesh is one of the only four states within India with a Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) approved by the Government of India and is spread over 640 sq.km.
In addition to having the largest PCPIR in the country, Andhra Pradesh, with its world-class infrastructure and multiple ports, is poised to become a hub for petrochemical product manufacturing driving economies of scale for downstream chemical industries thereby becoming a preferred investment destination for Petroleum, Chemical & Petrochemical companies.
India’s largest offshore fields are in KG basin in the State, and extend over 28,000 sq. km on land, 24,000 sq. km in "shallow'' waters offshore and 18,000 sq. km in deep waters.
Crude oil and natural gas recoverable reserves are around 698 Million Metric Tonne of oil equivalent.
Crude oil production in the KG Basin is about 19,190 barrels per day and Natural gas production is around 9.8 Million Metric Standard Cubic Metre per day
With 3 major ports within the designated PCPIR region at Vishakhapatnam, Gangavaram & Kakinada, and ports equipped with liquid cargo handling and liquid feedstock supply pipeline infrastructure, the State is ideally located for imports of feedstock from Middle East, Asia Pacific, and East Asia.
The State has already attracted USD 2.4 billion worth investments in this sector in a short period time
5,100+ MSMEs are operating in sub-sectors such as Organic and Inorganic Chemicals, Plastics, Specialty Chemicals, Industrial Gases, Agro-chemicals, and Fertilizers.
