India to establish new petchem park in Kochi
The media reported that Japan’s Mitsubishi Corp. and Germany-based BASF have already showed their interest in investing in the new petrochemical park.
Accordingly, the park is expected to include downstream units in various sizes, which will use feedstock provided from BPCL Kochi Refinery. With an investment of around $792 million, the refinery is expected to be completed by 2019.
The new complex is expected to reduce supply and transportation costs as the new units will be set up in the area.
Meanwhile, the Indian government officials will reportedly organize a meeting on December 18 in Kerala to reveal the new petrochemical park’s investment opportunities along with its downstream and infrastructure facilities to attract investors.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs
- Asian PVC players hold firm expectations for June
- May PP, PE offers to Mid-East, Africa remain stable to firm
- Global energy producers report lower Q1 results amid volatile crude prices
- China’s Q1 polymer imports set a new record near 6 million tons