The Kerala Industrial Infrastructure Development Corporation (Kifra) has obtained in-principle approval from the State Government for setting up a petrochemical park in Kochi, India.
The petrochemical park will be placed on 600 acres of land to be procured from FACT at Ambalamugal, according to a press release.
Moreover, the fertilizer and chemical factories in Kochi, LNG Terminal, the proposed gas pipeline network, Bulk Terminal, Kochi Refinery, and the International Container Transshipment Terminal (ICTT) will be complimentary to the petrochemical park.
According to the company, petrochemicals account for 30 percent of the country’s $120 billion chemical industry, which is likely to grow about 11% in the coming years to hit $250 billion by 2020.
Currently, BPCL-Kochi Refinery is in the process of expanding capacity from 9.5 MMTPA to 15.5 MMTPA. When completed, it will facilitate production of 5 lakh TPA of propylene, which is in addition to fuels like LPG, HSD, kerosene, ATF, coke and bitumen.
The infrastructure facilities required for setting up the petrochemical park include internal roads, drains, water treatment plants, internal water supply system, internal electrification, common sewage treatment plants, common effluent treatment plants, rain water harvesting system and solid waste management system.
