Which of the following factors is the most important in siting a petrol-chemical plants?
Answer Details
The most important factor in siting a petrol-chemical plant is the nearness to the source of raw materials. This is because petrol-chemical plants rely on a steady and reliable supply of raw materials, such as crude oil, natural gas, or coal, to produce their products. The cost and availability of these raw materials can have a significant impact on the profitability and competitiveness of the plant. Therefore, siting the plant close to the source of raw materials can help to ensure a steady supply and reduce transportation costs.
While proximity to sources of power, availability of labor, and proximity to financial institutions can also be important considerations, they are generally considered to be secondary to the availability of raw materials. For example, while access to power is necessary for operating the plant, it is often possible to generate power on-site or transport it over long distances. Similarly, while availability of labor and proximity to financial institutions can affect the plant's operational costs and financial viability, they may not be as critical as the availability of raw materials for the plant's overall success.