Explanation:

Union Minister of Chemicals & Fertilizers presented the 10th National Awards for Technology Innovation in Petrochemicals & Downstream Plastics Processing Industry to the Awardees.

• In line with the National Policy on Petrochemicals announced in April 2007, the Department of Chemicals & Petrochemicals (DCPC), Government of India has set up an Award Scheme to incentivize meritorious innovations and inventions in the field of polymeric materials, products, process areas of national and social importance.
• The ultimate objective is to develop and maintain the petrochemical industry as a globally competitive industry using eco-friendly processes & technologies.
• Central Institute of Petrochemicals Engineering and Technology (CIPET), an autonomous organization under DCPC has been entrusted with the responsibility of implementing the scheme of the National Awards for Technology Innovation.

Hence only statement 1 is correct.