A petrochemical park to be set up jointly by Kerala government and BPCL has received good response, with several national and global companies evincing interest to set up units.
According to K A Santhosh Kumar, managing director of Kerala Industrial Infrastructure Development Corporation (Kinfra), an MoU will be signed with FACT for acquiring 489 acres of the latter’s land in Kochi by the end of the month.
The petrochemical park will house downstream petrochemical MSME units that can use the raw materials available from BPCL Kochi Refinery’s upcoming Propylene Derivative Petrochemical Project (PDPP).
PDPP involves an investment of Rs 5200 crore in the first phase, which will be completed in 2019. Kinfra has engaged consultants Voyants Solutions for preparing the DPR for the park.
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