CIPET renamed as Central Institute of Petrochemicals Engineering and Technology

The Central Institute of Plastics Engineering and Technology has now been renamed as Central Institute of Petrochemicals, Engineering and Technology. The name change was registered under Tamil Nadu Societies Registration Act, 1975.

Highlights

• The main objective of CIPET is to contribute towards growth of plastics. 
• It also focuses on education and research programme. 
• The institute will focus on innovative plastic-based solutions.

UNDP

• The CIPET also receives United Nations Development Programme. 
• Apart from UNDP, the support to CIPET is also received from OPEC (Organization of Petroleum Corporation), World Bank and UNIDO (United Nations Industrial Development Organization).

UNIDO

• United Nations Industrial Development Organization was established in 1966. 
• It is one of the 15 specialized agencies of the United Nations. 
• The UNIDO aims to fulfil the Sustainable Development Goals.

Petrochemicals in India

• The Petrochemical industry is growing fast in India. 
• There are four main categories in the petrochemical industry. 
• This includes polymers, elastomers, synthetic fibres and surfactant intermediate. 
• Mumbai is the hub of petrochemical industry.